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PayPal Conversion Rates

I'm making a payment for goods via PayPal of roughly $309 (from GBP to USD), PayPal offer this conversion rate;

Conversion rate: 1 GBP = 1.5877 USD

There's an option to "Convert with card issuer", I've read using this option saves money provided you know your banks exchange rates etc. My problem being I don't nor do I know how to find them, my bank is TSB. Is anyone able to provide any advice?

Sorry if this is the wrong section.

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