Common use of Foreign Currency Conversion Clause in Contracts

Foreign Currency Conversion. You may make a Purchase or obtain a Cash Advance in a currency other than U.S. dollars or in a country other than the United States. If you do, the card association will convert the transaction into U.S. dollars. The conversion rate between the transaction currency and the billing currency will be either (i) a rate selected by the card association from the range of rates available in wholesale currency markets for the applicable central processing date, which rate may vary from the rate the card association itself receives, or (ii) the government-mandated rate in effect for the applicable central processing date. The conversion rate the card association uses may differ from any published rate in effect on the day you made the transaction or the day it was posted to your Account.

Appears in 3 contracts

Sources: Cardholder Agreement, Cardholder Agreement, Cardholder Agreement