Purchase in Euros- now?

[HustleRussell]

If I make a purchase in an overseas online web store now, what exchange rate is used? Is it the latest exchange rate at market’s close today, or is it the rate at which the market opens tomorrow morning?

[anonymous-user]

How much is the item? Unless it’s a very expensive purchase (seems unlikely) any overnight changes in exchange rate will be largely immaterial?

In answer to your question, banks will convert at the prevailing day’s close AFAIK.

[HustleRussell]

Thanks. It's a grand. I thought the GBP might take a cold bath on account of Boris' admission to ICU but it hasn't made much of a difference.

[Laomyukouf]

The euro is certainly not the world currency for operations, but the second after the dollar. Against the background of the termination of the OPEC + agreement, a clear strengthening of the euro’s position is seen against the background of less strengthened currencies, in particular several currencies existing only in individual states. I would not recommend performing operations in euros now because clearly shows the dynamics of the value of the currency since the beginning of 2020. in the long run, it certainly will not bring any benefits, but you can only lose. better look at more volatile currencies, there is a chance