1. Conversion of currency is covered in as
Answers
Answer:
A currency conversion fee is typically 1% of the purchase price. It is levied by the credit card payment processor (usually Visa, MasterCard, or American Express) or ATM network and often passed on to you as part of the foreign transaction fee.
Answer:
Conversion of foreign money is blanketed/covered in AS 9
Explanation:
A foreign money conversion rate, every now and then known as a “overseas foreign money conversion rate” or “overseas currency trading rate,” is a price assessed through a overseas service provider to transform transactions related to overseas foreign money into dollars.
It is calculated through your credit score or debit card price processor (withinside the case of a purchase)—or your ATM network ( withinside the case of a withdrawal)—or it could be calculated on the factor of sale through the use of a gadget known as dynamic foreign money conversion (DCC). It is frequently fallacious for a overseas transaction rate, that is truely a rate at the transaction itself.
The foreign money conversion rate is regularly included into the overseas transaction rate on credit score card statements, and is the reason the confusion
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