Originally Posted by
sfvoyage
I have always paid with my credit card with no forex fee and thought that the hotel conversion rates are always terrible. (In the old days, some hotels would post a list of their forex rates at their reception desk against several major currencies, and so it was transparent and easy to see.)
Exchange rates for foreign currency conversion (which is what gets posted on the boards at reception) is very different to the bank-determined foreign exchange rates for payment.
In the case of foreign currency conversion, the hotel takes a percentage, which is why the rates are not favourable.