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 Credit Card Foreign Exchange Rate

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tskhang
post Feb 22 2012, 10:42 AM

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From: PJ


HSBC Visa
Transaction Date: 18 February 2012
Posted Date: 19 February 2012
Amount Charged in Foreign Currency: USD 424.80
Amount Billed in MYR: RM 1,319.58
Final Exchange Rate: 3.1064

Visa Rate on both transaction and posted date: 3.038

Charges: 2.25% blink.gif

Does anyone know why this high?
This is a paypal transaction, but I made sure that I select to use the bank's conversion.

This post has been edited by tskhang: Feb 22 2012, 10:44 AM

 

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