If PayPal are showing this USD 140 to Euro 130 automatically, then from an accounting perspective you should only be taking up the Euro 130 as the transaction, as its only a single but converted transaction.
If however, the USD 140 was an accumulation of transactions, which you then transfer in bulk via a separate transaction, then you would take them up separately.
As an aside, you can’t use the Bank Transfer feature under these circumstances, they need to be processed via separate Receive & Spend Money transactions.
NOTE: you would only use multi currencies if you are actually storing values within the currencies - but not if the currency is being past though without storage.