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Foreign Exchange bank Rates

  • 06-12-2008 11:25PM
    #1
    Bob Z
    Registered Users, Registered Users 2 Posts: 2,587 ✭✭✭


    i sometimes buy stuff for my friends from UK or USA using my credit card. I us XE.com to find out the exchange rate. however recently i found out that i didnt take into account the bank rates so i was undercutting myself. How can i find out the xchange rate including the bank charge?


Comments

  • #2
    Nody
    Moderators, Category Moderators, Arts Moderators, Business & Finance Moderators, Entertainment Moderators, Society & Culture Moderators Posts: 18,579 CMod ✭✭✭✭Nody


    Bob Z wrote: »
    i sometimes buy stuff for my friends from UK or USA using my credit card. I us XE.com to find out the exchange rate. however recently i found out that i didnt take into account the bank rates so i was undercutting myself. How can i find out the xchange rate including the bank charge?
    See what you actually get charged on your statement.


  • #3
    Bob Z
    Registered Users, Registered Users 2 Posts: 2,587 ✭✭✭Bob Z


    Nody wrote: »
    See what you actually get charged on your statement.

    Yea but then i have to wait for the statement


  • #4
    Nody
    Moderators, Category Moderators, Arts Moderators, Business & Finance Moderators, Entertainment Moderators, Society & Culture Moderators Posts: 18,579 CMod ✭✭✭✭Nody


    Bob Z wrote: »
    Yea but then i have to wait for the statement
    Online statement.


  • #5
    havana
    Registered Users, Registered Users 2 Posts: 755 ✭✭✭havana


    Yeah but bit late then as the purchase has been made. Assume the op is looking for somewhere to check rate before purchase in order to decide to make the purchase or not?


  • #6
    Bob Z
    Registered Users, Registered Users 2 Posts: 2,587 ✭✭✭Bob Z


    Nody wrote: »
    Online statement.


    Even online the sale doesnt seem to register for a few days


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  • #7
    Bob Z
    Registered Users, Registered Users 2 Posts: 2,587 ✭✭✭Bob Z


    havana wrote: »
    Yeah but bit late then as the purchase has been made. Assume the op is looking for somewhere to check rate before purchase in order to decide to make the purchase or not?

    Yes


  • #8
    ejmaztec
    Registered Users, Registered Users 2 Posts: 24,320 ✭✭✭✭ejmaztec


    Bob Z wrote: »
    i sometimes buy stuff for my friends from UK or USA using my credit card. I us XE.com to find out the exchange rate. however recently i found out that i didnt take into account the bank rates so i was undercutting myself. How can i find out the xchange rate including the bank charge?

    This Visa link gives the day's rate on which you can apply the percentage charge.

    http://corporate.visa.com/pd/consumer_services/consumer_ex_rates.jsp

    If it's AIB Visa the charge is 2.75% for the "Rest of World" excluding Europe. In non Eurozone Europe, the charge is 1.75%.


  • #9
    boopolo
    Registered Users, Registered Users 2 Posts: 578 ✭✭✭boopolo


    Just quote them (your friends) the XE rate + 4% and tell them this is the approx rate. You can sort out the difference later.

    Boo


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