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Credit Card Foreign Exchange Rate
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parsona
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 Dec 4 2013, 04:37 PM
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Japanese Yen to Malaysian Ringgit
December 3, 2013
1 JPY = 0.031536 MYR VISA, 0.0315112589 MYR SPOT
December 2, 2013
1 JPY = 0.031659 MYR VISA, 0.0312037840 MYR SPOT
December 1, 2013
1 JPY = 0.031659 MYR VISA, 0.0314685605 MYR SPOT
November 30, 2013
1 JPY = 0.031659 MYR VISA, 0.0314642726 MYR SPOT
November 27, 2013
1 JPY = 0.031831 MYR VISA, 0.0316585351 MYR SPOT
Citibank Premiermiles Visa
27/11/2013 RM 27.31 840 yen
effective rate: 0.032512, 2.09% over visa, 2.65% over spot
30/11/2013 RM 53.02 1640 yen
effective rate: 0.032329, 2.07% over visa, 2.68% over spot
01/12/2013 RM 93.01 2877 yen
effective rate: 0.032329, 2.07% over visa, 2.66% over spot
Aeon Watami Visa
02/12 Rm 14.09 450 yen
effective rate: 0.031311, -1.1% over visa, 0.34% over spot
02/12 RM 450.85 14400 yen
effective rate: 0.031309, -1.12% over visa, 0.34% over spot
30/11 RM 123.98 3960 yen
effective rate: 0.031308, -1.1% over visa, -0.5% over spot
01/12 RM 95.34 3045 yen
effective rate: 0.031310, -1.11% over visa, -0.51% over spot
Maybank2 Amex
30/11/13 RM 116.23 3591 yen
effective rate: 0.032367, 2.79% over spot
This post has been edited by parsona: Dec 4 2013, 04:39 PM
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parsona
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Dec 4 2013, 04:48 PM
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QUOTE(bearbear @ Dec 4 2013, 04:46 PM) Thanks for sharing especially on Watami, AEON is probably the best card to use for lowest exchange rate without considering the rebates and what not. I only used my Aeon card coz you highlighted the good exchange rates, so thank you too  |
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parsona
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Dec 4 2013, 04:53 PM
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QUOTE(bearbear @ Dec 4 2013, 04:51 PM) sharing is caring, now that you confirm that Watami does enjoy lower exchange rate i will now apply for Watami as it has the rebate advantage over my new aeon CC. Bet you gonna use your Watami for all oversea transactions from now on huh?  Mostly yes, but I need to swipe my citibank premiermiles 3 times to get a free taxi home if I'm flying from KLIA. |
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parsona
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Aug 19 2014, 01:37 PM
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QUOTE(- JaY - @ Aug 19 2014, 03:33 AM) MBB have diff rates for premier/infinite/m2c?  i am currently holding 3 CC, if were to use for foreign transaction, which would be the better choice? a) OCBC Ti (Master) b) M2C Visa + AMEX (dont take 5% cashback into account as I will maxed it every month via bills) c) SC Plat (Master) Never use for foreign transaction before..  Mastercards give generally better rates. But you have to take into account Amex's 2% from 5x points vs your other cards benefits. |
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parsona
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Aug 21 2014, 11:33 AM
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QUOTE(Wongchoy @ Aug 20 2014, 09:52 PM) This time around, AMEX foreign trnx cost 2.7%, Visa is 1.5%. 5x TP = 2% so unless you use your AMEX on weekend, you have to pay foreign trnx fee. Actually the Visa's cost is very variable depending on bank and card. Almost all of them have cost varying from 1.5% to 2.5%. Only Watami visa is typically around 1%. I have various visa's and a few masters, i keep track of all the transaction costs recently. Masters range from 1% to 2%. You really need to experiment and see. |
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parsona
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Aug 29 2014, 09:06 PM
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QUOTE(choki123 @ Aug 29 2014, 05:51 PM) Alliance Visa Infinite Transaction Date: 24-Aug-2014 Posting Date: 26-Aug-2014 Transaction amount: JPY 79,251 Amount charged: RM 2462.97 Conversion rate: 0.03218 Visa published rate: 0.03054 Difference: 0.00164 Difference: 5.37%??? This transaction is to book a hotel in Japan. I called to customer service and they say for online booking JPY, they will convert to USD, then only subsequently will convert back to MYR. That why making it so high. Is that true? But 5.37% conversion is really very high! Your calculations are wrong, and the visa published rate used is also wrong. Your conversion rate should be 0.03108, and visa publish rate is 0.03058 (26/8/14) Correct difference is only around 1.6%, similar to what I'm getting with my Alliance Visa Infinite. |
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parsona
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Dec 16 2014, 10:17 PM
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QUOTE(Human Nature @ Dec 8 2014, 09:51 AM) Yup, posting date. Luck is not on my side this time. Probably because both MYR and YEN are fluctuating during the period. Nope. Days of too-good-to-be-true watami forex rates are over. My recent rupiah transaction was 1.85% extra |
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