Originally Posted by
RK23
I booked a prepaid refundable rate in Japan for this Winter back in June and they haven't run the card yet, I assumed the hotel was taking a bet on the JPY/USD. But since the time of booking, JPY has depreciated another 5%+ on top of an already great conversion rate vs. the USD.
For most hotels in most countries, at least when you make a reservation directly with the hotel, the rate in local currency is definitive, not a rate converted to dollars that might be shown for your convenience. Thus, the hotel receives the same number of yen for the basic room rate for your stay regardless of when the credit card is charged, assuming the hotel doesn't do a dynamic currency conversion scam. Your contract with the hotel is denominated in yen, not dollars.