To find out, we took the published exchange rates for Mastercard's wholesale rate and Visa's wholesale rate for euros and dollars at two different dates in each month for the last year to give us a decent number of data points to compare... As you can see, at almost every data point, Mastercard's rates are either the same as Visa's or above. Mastercard offers a convenient way to buy a multitude of different currencies. With a rewards earn rate of 1 mile for every $10 spent, it has one of the best earn rates for any Air Miles credit card. Earn unlimited cash back rewards anywhere Mastercard is accepted, and redeem them for everyday purchases like gas and groceries, big ticket items, or apply them directly to your Rogers, Fido, or chatr bill. The Bank of Canada very rarely intervenes to support its value. World currency exchange rates site. Mastercard ® Currency Converter Calculator Every day, everywhere, we use our technology and expertise to make payments safe, simple and smart. So the more you use the card the more points you’ll earn. The foreign exchange market determines how much our dollar is worth. **Annual interest rate quoted as of the date of this offer and subject to change without notice. the BMO Preferred Rate MasterCard) to a rewards credit card (RBC Shoppers Optimum MasterCard) or a cash back credit card (RBC Cash Back MasterCard). For details, please read our full Terms and Conditions. If your main card is Amex, it’s worth carrying some cash in case you come across a problem. The President’s Choice Financial ® Mastercard ® is your key to free. World currency exchange rates site. Money exchange rates for today. Ordering it online also is usually much cheaper than buying currency at the airport or on arrival to your holiday destination. 1 {{ctrl.model.TransactionCurrency}} = {{ctrl.MasterCardConversionRate}} {{ctrl.model.BillingCurrency}}, European Central Bank rate Non-cash rates are also applied to incoming and outgoing wire payments and other electronic transactions. Welcome Offer: When your purchases total US$1,000 or more in a year, the next year's annual fee (US$35) is rebated to your card. If your Mastercard is tied to your Canadian bank account, and you use it in the United States, you aren’t getting the base exchange rate, or even the one your bank provides. The currency conversion fee will be clearly stated within the fees and limits table and card FAQ. Mastercard reserves the right to change the rates below at any time. Other Fees and Rates: These fees are charged on the day the transaction occurs (unless otherwise indicated): Cash Advance: $3.50 within Canada, $5 outside of Canada; Balance Transfer: 3% or minimum of $5 (unless reduced or waived) of the amount transferred when it is posted to your Account. All with no annual fee. For the today’s rates, visit Mastercard’s website, contact Mastercard’s customer support or log into your online banking and search for their exchange rate calculator. Hopefully we can help you save money on your holidays. You can find the latest interbank rates using our currency converter. Interbank. 12.99% is far lower than the standard credit card interest rate of 19.99%, and 2.) Any changes will be published promptly on this website. We use cookies to ensure that we give you the best experience on our website. Please read the additional notes at the bottom of the page as well. Andorra Intra-location Mastercard and Maestro POS interchange fees are detailed in the PDF document below. Mastercard Travel Cards - Currency Conversion Calculator. Currency Converter My Card Is In. Download Current Fees. The Canadian-Dollar Effective Exchange Rate index (CERI) was replaced by the Canadian Effective Exchange Rate index (CEER) as of January 2018. Mastercard reserves the right to change the rates below at any time. Before using Mastercard for your travel money needs, make sure to know the current interbank exchange rate. On top of that you get all the World Elite travel perks, and 14 types of insurance coverage. All Rights Reserved. Charts View Legal Disclaimers Hide Legal Disclaimers. ... Major credit and debit cards are widely accepted in Canada. {{ctrl.PercentageDifferenceRate}} %. Mastercard exchange rates: What you need to know. The daily average exchange rates are published once each business day by 16:30 ET. To use it, you’ll need the following information: Date of transaction % fee added by your bank (if relevant) A Standard MasterCard can be any credit card, from a basic no-fee credit card (e.g. Cash rates as of: The rates provided are against Canadian dollars, only apply to over the counter cash exchanges and are intended to be used for information purposes only. This currency converter tool provides foreign exchange rates by Mastercard to convert from the transaction currency to your card's currency for cross border purchases and ATM transactions. Dollars into Canadian Dollars over the past 365 days were done using the below spot market rates. We researched Mastercard’s travel money exchange rates to provide you a table showcasing their currency rate spread. Learn More. Visa and MasterCard exchange rates. Mastercard exchange rate calculator. The interbank rate (also called mid-market rate) is the midpoint between the buy price and sell price of two currencies on the currency markets. Wells Fargo USD exchange rates: What you need to know, Visa USD exchange rates: What you need to know, Bank of America USD exchange rates: What you need to know, Western Union USD exchange rates: What you need to know, Asda exchange rates: What you need to know, Find the current interbank rate for your currencies using our currency converter, Multiply your original amount by the current interbank rate, Multiply your original amount by the exchange rate Mastercard offers, Subtract the first amount from the second amount, This is the amount you’ll lose through currency conversion with Mastercard. The cards are meant to help you make purchases, build credit and potentially earn some rewards in the process. Mastercard does not earn revenue from interchange. Currency Converter. HSBC’s World Elite Mastercard has robust travel features, no foreign transaction fees and strong earn rates. Be able to calculate FX losses on the back of your card e.g card FAQ happy it. 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