NETeller and Currency Exchanges

[yellowjack]

I'm unsure of how the currency exchange in NETeller works. For example, I cashed out of Eurobet in USD. It showed up in my NETeller account CAD, but was the money actually converted to CAD or is it just in my preferences to have it shown as CAD?

I ask because it could get pretty ugly cashing out of any online poker room from USD --> CAD, then redepositing CAD --> USD, etc.