Originally Posted by
HkCaGu
However, $242.63 is equivalent to about CNY 1659. And of course when the statement comes, my bank would charge another 3%. This would be a total of 9%!
Is this right or is there something I didn't know?
My guess is that the exchange rate you received was not quite as favorable as the official rate (you should be able to verify this by looking at your credit card statement).