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Thread: Foreign ATM Withdrawal - What determines the exchange rate?
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Old Apr 22, 2009, 10:29 am
  #2  
mingw
 
Join Date: Mar 2008
Location: AUS TUS
Programs: AA PLT, UA GLD
Posts: 993
I believe mastercard/visa/amex sets the rates, not the issuing banks. the rates are normally not bad, if you have a card that doesn't charge you foreign exchange/transaction fee, you likely end up with better rates than banks retail exchange.
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