MAYBANK 2 CARD AMEX - USED ON SATURDAY 7th May THB 6540, MYR 666.46 exchange rate : 0.101905 including 2.5% admin fees

Using OCBC TITANIUM
- transaction date : 28 May 2011
- amount charged in foreign currency : SGD 33
- amount billed in MYR : RM82.33
- final exchange rate : 2.495
while i check on https://www.mastercard.com/global/currencyc...sion/index.html
the actual rate was about 2.445. It looks like SGD to MYR charged 2% on bank charges.

Using OCBC TITANIUM Mastercard
- transaction date : 02 June 2011
- Posting date: 06 June 2011
- Appearing statement date 07 June 2011
- amount charged in foreign currency : THB 2578
- amount billed in MYR : 262.79
- final exchange rate : 9.81011

[url=https://www.mastercard.com/global/currencyconversion/index.html[/url]
Settlement date at 02 June =
1 THB = MYR Malaysian ringgit 0.098863
1 MYR = THB Thai baht 9.986151

wawasan rate sells THB :10.15000

Compared wawasan rate & CC
(10.15-9.81011)/10.15 = 3.35%

****Pay more than 3.35%

Compared actual rate with suggested rate
(9.986151-9.81011)/9.986151 = 1.763%

****Higher rate of 1.763%


Conclusion: The bigger amount , the "LOSS" is bigger, even taking 1% rebate into account.

This post has been edited by der.msia: Jun 7 2011, 10:49 PM