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Visa exchange rate information
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Posts: 4,265 Forumite
in Credit cards
Hi, don't know if this has been mentioned before (apologies if it has) but Visa now have a currency exchange section to their webiste:
http://www.corporate.visa.com/pd/consumer_ex_rates.jsp?src=look
Also their FAQ is very useful as it shows Visa's own charges and an explaination to Dynamic Currency Conversions (which seem to be all the rage in Spain at the moment):
http://www.corporate.visa.com/pd/consumer_ex_faq.jsp#faq4
http://www.corporate.visa.com/pd/consumer_ex_rates.jsp?src=look
Also their FAQ is very useful as it shows Visa's own charges and an explaination to Dynamic Currency Conversions (which seem to be all the rage in Spain at the moment):
http://www.corporate.visa.com/pd/consumer_ex_faq.jsp#faq4
"An eye for an eye leaves the whole world blind" - Mahatma Gandhi
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Comments
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Nice one pin,
useful post.
You may also find this table from xe.com useful which allows you to look at currency history as the visa one seems to be today only.
http://www.xe.com/ict/
Remember, the standard exchange rate loading used by most UK issued cards is 2.75% but that Nationwide is zero (except for the cash advance fee on their visa card).
This is often still better than the rate you would get from a bureau de change though as the difference between the buy/sell rate is often more than 2.75% even if they claim to be 'commission free'
R.Smile
, it makes people wonder what you have been up to.0 -
If I withdrawl cash from a nationwide DEBIT / CASH card abroad will I get the exact rate on XE.com (for that day) or do nationwide make a slightly different rate.0
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I usually compare with http://www.oanda.com/convert/fxhistory and the difference between NW rate and 'interbank' rate is very-very small.jamesh wrote:If I withdrawl cash from a nationwide DEBIT / CASH card abroad will I get the exact rate on XE.com (for that day) or do nationwide make a slightly different rate.0 -
James,
Xe.com and oanda.com both use the interbank rate which should be the same as nationwide use, although it may depend on what time of day nationwide push the reconciliation button!
Because the sun moves round the earth every 24 hours, the currency market never sleeps so the average or closing rate for a particular 'day' will be different depending on where you are in the world!!!
I imagine therefore you will always get slight differences, but any major variance should be queried with Nationwide.
R.Smile, it makes people wonder what you have been up to.0 -
Thanks for pointing this out,
I'm aware of the constant change it rates, but just looking for a rough idea to see how much better it was, compared to say the post office.
Nationwide here I come 0
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