I bought a number of items from Amazon in the UK and notice that the exchange rate is very bad.
One example: I paid £55.27 GBP and it appeared on my bill as €67.43.
I phoned Ulster Bank and they put me through to to the credit card department. Being part of RBS they say that they use the same exchange rate as RBS ( can be found here (http://www.rbs.co.uk/personal/travel/g1/money/currency-converter.ashx) plus a 2% charge for foreign transactions.
The conversion today should be on the sterling value 55.27 + 1.1054 (2%) = 56.374. Putting this into the calculator retuns: 56.37 Pounds Sterling = 63.05 Euro.
The gentleman I spoke to said that it's obviously down to currency fluctuations but this transaction was carried out this week.
Am I missing something?
One example: I paid £55.27 GBP and it appeared on my bill as €67.43.
I phoned Ulster Bank and they put me through to to the credit card department. Being part of RBS they say that they use the same exchange rate as RBS ( can be found here (http://www.rbs.co.uk/personal/travel/g1/money/currency-converter.ashx) plus a 2% charge for foreign transactions.
The conversion today should be on the sterling value 55.27 + 1.1054 (2%) = 56.374. Putting this into the calculator retuns: 56.37 Pounds Sterling = 63.05 Euro.
The gentleman I spoke to said that it's obviously down to currency fluctuations but this transaction was carried out this week.
Am I missing something?
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