Foreign Exchange Rates on Credit Cards

[carride]

The MC calculator shows 1098.90 which is 7.8% less than the Friday MEP of 1183.37. It usually is in that range of 3%-8% less than MEP. That is the cut the MC/Visa and the bank take. Has been the same since Dec-2022. Perhaps it was because Friday was a volatile day for MEP and CCL. I am not saying I know why the range swings greatly, I just know that the Online Calculator is exactly what you will receive. Read the MC link I posted which explains how the Foreign tourist credit card rate had been set for those visiting argentina. as well as all the news from 2022.

At the moment yes it sucks. It is much less than the blue and the official dólar rate. That is because it is still tracking the MEP. That is how the two separate markets are reacting.

You asked:

I'm confused: the exchange rate on foreign credit/debit cards used to be a tad less than CCL or MEP. Right now, it's less than the official exchange. Does anyone know where to find the up to date info from a reliable source?

And we have given the answer

Here is the 2022 quote from the posted MC link which has not yet changed

What is the foreign tourist dollar rate?
Purchases made on foreign cards use a rate close to the “MEP” (Mercado Electrónico de Pagos) dollar’s one, which is usually preferential to the official. This exchange rate is communicated by the Argentine Chamber of Credit Cards (ATACYC) daily and is subject to variations every day.