Originally Posted by
nanirina
And I had questioned Chase on the rate because I checked the rate visa published on their website and Chase didn't use any of the visa rates whether it was day of spend or day of posting.
I hadn't known Visa had its rates online. Interesting to compare.
e.g. Last month USD vs AUD
16th:
xe.com: 0.819748
oanda.com: 0.82025
usa.visa.com: 0.829817 (roughly 1.1% above)
17th:
xe.com: 0.822350
oanda.com: 0.82180
usa.visa.com: 0.825817 (roughly 0.5% above)
Looks like Mastercard is using a good mid-rate and Visa is adding from 0.5% upwards and then the Chase Visa rate tends to be even worse. It looks to me as though the differences are greatest when currencies are fluctuating, so I suspect Visa is picking the worst rate of the day to use.