All my recent foreign transaction on Discover was using a similar exchange rate to my visa on notifications (via text) from Discover, but the posted amounts on my statement are higher. $551.82 on notification, posted
305.59 on notification, posted
68.91 on notification, posted
173.96 on notification, posted $177.98 Discover cannot explain to me why there's a big difference between the notification amount and the posted amount, except that the exchange rate fluctuates. But if it fluctuates, why are posted amounts always higher? Answer from nmeraepxeaee on reddit.com
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r/discover on Reddit: Foreign Currency Exchange Rate?
December 1, 2022 -
Hello. I'm going to be studying abroad soon, so I am wondering if my Discover card would be good for regular day to day purchases, or if I should get a different card. I know there are no foreign purchase fees, but I am wondering if I make a purchase in yen, does Discover use the current mid-market exchange rate? Or do they use a different exchange rate (where I get less yen per dollar)?
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All my recent foreign transaction on Discover was using a similar exchange rate to my visa on notifications (via text) from Discover, but the posted amounts on my statement are higher. $551.82 on notification, posted $566.43 $305.59 on notification, posted $313.48 $68.91 on notification, posted $70.50 $173.96 on notification, posted $177.98 Discover cannot explain to me why there's a big difference between the notification amount and the posted amount, except that the exchange rate fluctuates. But if it fluctuates, why are posted amounts always higher?
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I've used Discover a couple times internationally and they use the current exchange rate at the time of purchase. The charge statement will show the exchange rate so you can compare if you want.
Visa
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Convera
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February 13, 2023 - Use vanilla options to gain the right but not the obligation to exchange currency at a set rate and date in the future.
Microsoft Support
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Get a currency exchange rate - Microsoft Support
Enter the currency pair in a cell using this format: From Currency / To Currency with the ISO currency codes. For example, enter "USD/EUR" to get the exchange rate from one United States Dollar to Euros.