MasterCard Currency Conversion Tool
MasterCard's Currency Conversion Tool was created to assist customers
in Europe to comply with the provision contained in the Payment
Services Directive (PSD) that requires transparency of exchange rate
information. Specific reference is made to the transparency
requirements imposed by Title III of the PSD that apply to payment
services made in Euro or any of the official EEA currencies. In addition
to providing customers with calculated cross-rates for all EEA
currencies, MasterCard has extended the range of currencies to assist
customers and their cardholders globally.
Disclosure:
MasterCard uses multiple market sources (such as Bloomberg,
Reuters, Central Banks and others) to develop exchange rates. These
rates generally reflect either wholesale market rates or government
mandated rates that are collected during the daily rate setting process.
The displayed rates are derived from the buy and sell rates included in
the MasterCard daily rate setting process and do not include any
charges or markups applied by the Issuer. Please note that due to
possible rounding differences, the displayed rates may not precisely
reflect the actual rate applied to the transaction amount when
converting to the cardholder billing amount. The exchange rate that is
applied to a transaction is the exchange rate as of the day of
settlement which is the day that MasterCard determines the settlement
amount to be exchanged between the acquirer and the issuer. The
settlement date is therefore typically different from the date of the
actual transaction. MasterCard does not provide the exchange rate when
purchases are converted from the local currency by the merchant to the
cardholder's currency at the point of sale.
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