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Amazon- currency converter vs. XE vs. BOI mastercard

  • 11-05-2010 3:48pm
    #1
    rubadub
    Registered Users, Registered Users 2 Posts: 32,386 ✭✭✭✭


    I ordered some items on amazon on 30 april. Came to

    -Order Total: GBP 93.48

    using their currency converter it was

    -Payment Total: EUR 112,43

    I checked on XE at the time and it was

    93.48 GBP=107.672 EUR

    Of course nobody gets this and it is usually 2-3% more than this using CC or paypal so I chose to pay in sterling via CC.

    My BOI mastercard statement was
    93.48GBP RATE 0.8549 €109.34

    So mastercard was only 1.5% more than XE
    Amazon was 4.4% more
    And I saved €3.09 by choosing to pay in sterling rather than use amazons converter.

    My statement shows the payment on 4 May, so I wonder if it is taken on that date and if the XE rate would have been the usual 2-3% I would expect.


Comments

  • #2
    mailforkev
    Registered Users, Registered Users 2 Posts: 1,812 ✭✭✭mailforkev


    I always let my Mastercard do the conversion too, Amazon's sell rate is skewed well in their own favour.

    XE quotes mid-market rates (ie. roughly halfway between the buy and sell rates).


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