Happy - just want to point out us non-US FTers do not commonly associate "forex" with foreign transactions where *no* currency exchange has taken place.
In HK, we do have foreign transaction fees, if the card network is MasterCard. This is assessed at 0.8%. This has most commonly been assessed on HKD transaction on HKD Mastercards processed by Paypal out of Singapore. Foreign currency transaction (that is, with exchange of currency) is assessed at approx 1.95% for Visa and MC and 2% for AE.
In Aus, foreign transaction and foreign currency is generally assessed at 3% tho some banks charge differently for foreign transaction and foreign currency e.g. National Australia Bank charges the former at 2.3% and the latter 2.5%.
I understand in the US that foreign currency are assessed at the same fee as foreign transaction so both fees are being referred to as foreign transaction now
http://www.creditcards.com/credit-ca...ng-up-1267.php
http://creditcardforum.com/blog/amer...ansaction-fee/
I appreciate current US practice but please appreciate using "forex" to refer to foreign transaction fee without conversion (exchange) is likely to cause confusion to a non-Us reader. Just my $0.02