Quote:
Originally Posted by Hi-Psi
That right there is your exchange fee, if you look at the Visa exchange rate versus the real exchage rate you will see anywhere from 2-5% difference usually.
Jason
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Just went on Visa's exchange rate page for today vs current exchange rates between Canadian Dollar vs Reminbi, HKD, and US Dollars. Seem to get an exchange rate difference of 0.27% - 0.28%. Maybe my math is off?
(Current exchange rate - Visa exchange rate)/Current Exchange Rate * 100 = percentage difference?
so currently 100 CNY = 17.0149 CAD while Visa's is 100 CNY = 16.967200 CAD
difference of 0.0477 CAD.
( 0.0477 / 17.0149 )*100 = 0.28034% ?