Monday, April 10, 2006

Exchange Rate

Earlier, when I used my Visa card on a different currency, I always thought that the rate is calculated from the bank (financial institute) which issued the card itself.

Well, the rate the bank charges you comes from Visa rate plus "foreign transaction fee" ranging from 0-5%. There is an exchange rate calculator at Visa which you can use to calculate approximate exchange rate for your transaction.

2 comments:

T(",)Y said...

Hey hey!! I follow the link from Jade's blog..Then I found u here!!
Hope u R fine na khaaa :)

T'ty

PS. I ll add ur blog on my link okie..easy for me to see ur blog ahh..Thanks

yada said...

Thank you for the info na ka.