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The standard was published in 2019 it establishes the disclosure of the fee that is used for the electronic media, to four decimal places
ST. PAUL since march, purchases made in a foreign currency with a credit card, you will arrive at the invoice, it must include the value of the exchange rate of the day on which they were made. By then, banks could choose to charge you for the amount on the date of the invoice – and, in the majority of working in this way.
The change was first established by the policy of the Central Bank (cb) in 2018, and is described in detail in the circular of October 2019.
It also becomes mandatory in order to disseminate information about the exchange rate for the US dollar, to the actual to be used for the calculation, including the electronic channels of the customer. The value will be detailed to four decimal places
up to date with the references of access to the catalogue and on the open data in their property.
The rules make it more likely to purchase in a foreign currency on your credit card at a point of strong fluctuations of the u.s. dollar, but not necessarily a barateiam of the conversion, the dollar on the day of your purchase, you may be much greater than that of the invoice.
Calculation of changes
Each bank uses a calculation to convert to purchases made in a foreign currency. Most of it is used as a reference rate, Ptax – an estimate of the social capital, which refers to the average of the rates applied by the main institutions of the foreign exchange for the country.
From the bank of england, each institution shall add one spreador, for a fee, which is usually around 4%. With this add-on, and the amount you're charged is similar to that of the dollar.
If the costs are in other currencies other than the u.s. dollar, the bank performs two conversions of the real to the us dollar, and the dollar to another currency, meaning that they are charged for the two exchange rates, and for two of the spreads are different.
17 feb 2020 12h26
