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Online shopping exchange rate?
dagsky
Posts: 90 Forumite
hi, i want to buy some stuff from abroad. The merchant uses alipay for the checkout. I will be charged in USD now does anyone know what exchange rate my bank will use? I'm using a co-op debit card (normal acc).
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Comments
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The exchange rate will be based on the current market rate and will change frequently, so it all depends on the time of purchase. GBPUSD spot is currently around 1.585 dollars to the pound, so banks will give you a slightly worse rate than that.
Additionally you will probably pay a 2.75% cash conversion fee as stated here - http://www.co-operativebank.co.uk/servlet/Satellite/1199261362512,CFSweb/Page/Bank-CustomerServices?WT.mc_id=ask_va_link0 -
thanks for that0
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bank rate always sucks sadly and they have to use them
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