Exchange rates - Buying goods online
Discussion
Managing to confuse myself with this one despite it being quite simple to work out
Given current exchange rates, if one was to buy something from an American website, would it make more sense to pay for it out of an English bank account using pound sterling or an Australian bank account?
Or even just buying something from the uk, i'd have thought that given the exchange rate it would be beneficial to pay with it using Aussie Dollars but when i've looked at my account it worked out a tiny bit more expensive than if i'd just paid in sterling which has confused me somewhat
Given current exchange rates, if one was to buy something from an American website, would it make more sense to pay for it out of an English bank account using pound sterling or an Australian bank account?
Or even just buying something from the uk, i'd have thought that given the exchange rate it would be beneficial to pay with it using Aussie Dollars but when i've looked at my account it worked out a tiny bit more expensive than if i'd just paid in sterling which has confused me somewhat
I take it the item is priced in USD?
If you then choose to pay in another currency then your card company will convert it into your local currency. They normally then stitch you up for 1-2% currency fee.
Either way it should be more or less the same price when you then convert back to GBP.
If you then choose to pay in another currency then your card company will convert it into your local currency. They normally then stitch you up for 1-2% currency fee.
Either way it should be more or less the same price when you then convert back to GBP.
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