Old Feb 8, 15, 7:50 pm
Join Date: Feb 2001
Programs: IHG Plat, Hilton Gold, Accor Gold, Marriott Silver
Posts: 4,045
Originally Posted by Doctor of Credit View Post
Visa uses rates based on the previous day and settlement date. Look at the mid market rates for the previous date and it should be closer to the rate listed.
The difference is marginal. I threw a bunch of my transactions from last quarter 2014 and all 2015 so far across 6 currencies into a spreadsheet to see how much more Visa was charging above the mid-rate on average:

Visa vs XE: +.54%
Visa vs XE prev. day: +.52%
Visa vs XE 2014: +.41%
Visa vs XE 2015: +.76%
(c.f. MC vs XE 2015: -.06%)
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