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 Credit Card Foreign Exchange Rate

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CloudComputer
post Oct 1 2018, 10:44 PM

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Junior Member
257 posts

Joined: Aug 2011
From: Kuala Lumpur
QUOTE(pvateme @ Jul 23 2018, 09:57 AM)
i just made 2 payments in pound, 1 on sat and 1 on sun. below here are the conversion rate from bigpay and master card website.

Tx Date Tx Amount (GBP) BigPay Charge (RM) BigPay Rate MasterCard Charge (RM) MasterCard Rate
2018-07-21 124.15 656.39 5.28707 661.76 5.330361
2018-07-22 88.38 468.74 5.30369 471.10 5.330361

I have no idea whats the formula from bigpay on converting GBP to MYR. But it seems lower than the mastercard rate and no admin fee.
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This is because the date on the BigPay App is the transaction date, the actual exchange rate is based on the posting date of the transaction, which is not showing by BigPay, so we have no idea which day to compare with MasterCard

 

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