Originally Posted by
Majuki
Yes, please let us know. This is similar to places like the Cayman Islands that price in Cayman Islands dollars but then complete credit card transactions in USD using their own exchange rate of 0.80 KYD = 1 USD. In reality the exchange rate is 1 USD = 1.20 KYD, so the restaurant's exchange rate is 4% worse, but there is no way to opt out because they have USD capable credit card terminals.
That is not a 4% difference - it's a 33% difference. (.4/1.2 = .33)
(Put another way: in one instance, 100 USD gets you 80 KYD and in the other 100 USD gets you 120 KYD.)