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Old Nov 19, 2008 | 7:03 pm
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Shareholder
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Originally Posted by Crocodile
Is this because they processed the transaction at the hotel in CAD and not RMB? ie, they did the currency conversion and not the bank?
No, my credit card print outs that I signed were all in RMBs not C$s (though one of them was booked as a SPG $s and pts at US$60 per night it was billed in RMBs not US$s too). Hotel charges were Amex, so not sure how they do their conversion and I believe there is a percent or two tacked on. The credit card advance was a HSBC Mastercard.

The SPG hotel (le Royal Meridien) was RMB2,979 which converted to C$549 or US$440, which works out to be 6.77 to the US$1. I also noticed in my IC conversion above the C$ to US$ should have been closer to US$300. That would make the conversion from RMB 6.74.

BTW I doubt that the DISCOVER card would be honoured in China. It is pretty much a US credit card and not accepted very widely, not even up here in Canada.

Last edited by Shareholder; Nov 19, 2008 at 7:38 pm
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