This is essentially the conversion or trading of the currency from other foreign currencies against Rupiah with a settlement date of more than 2 working days after the transaction date. Par Forward. This is an alternative hedging transaction that minimizes the risk of future exchange rate movements. This product comprises several FX Forward transactions arranged into a single contract.
Call Spread Options. This is a hedging instrument that minimizes the risk of exchange rate movements by combining the buying and selling options of customers with the same contract value and different strike rates.
Visa vs. MasterCard as card associations give different exchange rates. One common mistake is to compare the exchange rate against the interbank rate. This is not a fair assessment because interbank rates are not accessible to consumers, and thus should not be considered an opportunity cost. Working through all the costs with an example. Source: My credit card bill from Citibank.
Was it worth paying an additional SGD 16 from using your credit card overseas? To most it may not be worth it, but that really depends on how you value the benefits from your card. However, costs should not be your sole consideration. Assess the benefits from each card and evaluate the net benefit. The card rewards e. Overseas credit card use: What are the hidden fees? Source: My credit card bill from Citibank However, hidden in this 1 line are usually 3 separate fees; the currency conversion fee, the administrative fee, and the foreign exchange margin.
Fees and further details 1 Currency conversion fee All credit card transactions in foreign currency are subject to a currency conversion fee imposed by the card association, either as a direct charge to the consumer, or as a reimbursement charge reflecting the charge imposed on the bank by the card association.
Why comparing against exchange rates from Google is wrong. How do you access whether the exchange rate you're getting is fair? What are your opportunity costs? Read more. MasterCard: Who gives better exchange rates? Does Visa or MasterCard give better exchange rates?
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Rates from the Interbank Foreign Exchange Market in Kuala Lumpur as at , and Rates at are the best counter rates offered by selected. TREASURY BANKING AS LIQUIDITY MANAGEMENT Throughout , CIMB Niaga issued and interest rates for two different currencies during a specified period. With our 3-month Online Foreign Currency Fixed Deposit, you get one of the best rates - up to % p.a.*! You also get to choose your desired currencies.