|
Foreign currency conversion
Hi,
Does anyone know how much Citibank or Visa charges for transactions in foreign currencies? Recently, I bought a phone in HK for HKD$1930 and the amount Citibank billed me for is AUD311.23. Based on these amounts, the exchange rate would be 1AUD:6.2HKD. The official rate from Yahoo on the billing day was around 1AUD:6.43HKD. So, that comes down to around 3.5% of surcharge - that's heaps compared to the ~1% surcharge for notes charged by banks!
Michael
|