RetireJapan

Tkydon wrote: ↑Sat Jun 24, 2023 9:38 am

mikele3 wrote: ↑Fri Jun 23, 2023 6:33 pm
correct... I used the math operators... I meant 1% and 2.5%
the MASTERCARD I use adds 1.62% on top of the exchange rate, while my VISA adds 2.16%

Is that added to the mid price, or on a TTS exchange rate?

Current Mid Price for EURJPY 156.54

156.54 x 1.0162 = 159.075948

so 2 Euro Spread

156.54 x 1.0216 = 159.921264

so, 2.5 Euro Spread

Another correction... I returned from the USA yesterday and today I am going through my CC statement (Mastercard).

on June 17 I withdrawn some cash and it has been recorded at ¥140.869 + ¥220 fee
on the same day I used the CC a few times and each transaction was charged at ¥143.968

Looks like the exchange rate applied to the cash withdrawn was the mid. for the day
https://www.poundsterlinglive.com/history/USD-JPY-2023

While for the money spent directly through the card had a 2.16%~ premium to it.

(since those are %, the weaker the Yen, the higher the premium)