Common use of Foreign Currency Conversion Clause in Contracts

Foreign Currency Conversion. The exchange rate shown on your Statement, to six decimal places, is calculated by dividing the converted Canadian dollar (CAD) amount, rounded to the nearest cent, by the transaction currency amount. It may differ from the original benchmark rate because of this rounding. The CAD amount charged to your account is 2.5% over the benchmark rate. Some foreign currency transactions are converted directly to CAD, while others may be converted first to U.S. dollars, then to CAD. In either case, the benchmark rate will be the actual exchange rate applied at the time of the conversion, and is generally set daily. The original benchmark rate at the time a transaction was converted may be obtained at xxxx.xxx/xxxxxxxx, if set by Visa, or xxxxxxxxxx.xx/xxxxxxxx-xxxxxxxxx, if set by Mastercard. If you are paying interest on your Account, interest will also be charged on the full value of your foreign purchases, as determined by our exchange rate. For U.S. Dollar Visa Gold Cardholders, transactions are shown in U.S. Dollars, and the same principles will apply if an amount is charged in a currency other than U.S. Dollars. If you have any questions, please call us toll-free at 1-800 ROYAL® 1-2 (0-000-000-0000).

Foreign Currency Conversion. The exchange rate shown on your Statement, to six decimal places, is calculated by dividing the converted Canadian dollar (CAD) amount, rounded to the nearest cent, by the transaction currency amount. It may differ from the original benchmark rate because of this rounding. The CAD amount charged to your account is 2.5% over the benchmark rate. Some foreign currency transactions are converted directly to CAD, while others may be converted first to U.S. dollars, then to CAD. In either case, the benchmark rate will be the actual exchange rate applied at the time of the conversion, and is generally set daily. The original benchmark rate at the time a transaction was converted may be obtained at xxxx.xxx/xxxxxxxxxxx.xxxx.xxx/xxxxxxx/xxxxxxxx/xxxxxx-xxxxxxx/xxxxxxxx-xxxx-xxxxxxxxxx.xxxx, if set by Visa, or xxxxxxxxxx.xx/xxxxxxxx-xxxxxxxxxxxxxxxxxxx.xxx/xxxxxx/xxxxxxxxxxxxxxxxxx/xxxxx.xxxx, if set by Mastercard. If you are paying interest on your Account, interest will also be charged on the full value of your foreign purchases, as determined by our exchange rate. For U.S. Dollar Visa Gold Cardholders, transactions are shown in U.S. Dollars, and the same principles will apply if an amount is charged in a currency other than U.S. Dollars. If you have any questions, please call us tollat 0-free at 1-800 ROYAL000 XXXXX® 1-2 (0-000-000-0000).

Foreign Currency Conversion. The exchange rate shown on your Statement, to six decimal places, is calculated by dividing the converted Canadian dollar (CAD) amount, rounded to the nearest cent, by the transaction currency amount. It may differ from the original benchmark rate because of this rounding. The CAD amount charged to your account Account is 2.5% over the benchmark rate. Some foreign currency transactions are converted directly to CAD, while others may be converted first to U.S. dollars, then to CAD. In either case, the benchmark rate will be the actual exchange rate applied at the time of the conversion, and is generally set daily. The original benchmark rate at the time a transaction was converted may be obtained at xxxx.xxx/xxxxxxxxxxx.xxxx.xxx/xxxxxxx/xxxxxxxx/xxxxxx-xxxxxxx/xxxxxxxx-xxxx-xxxxxxxxxx.xxxx, if set by Visa, or xxxxxxxxxx.xx/xxxxxxxx-xxxxxxxxxxxxxxxxxxx.xxx/xxxxxx/xxxxxxxxxxxxxxxxxx/xxxxx.xxxx, if set by Mastercard. If you are paying interest on your Account, interest will also be charged on the full value of your foreign purchases, as determined by our exchange rate. For U.S. Dollar Visa Gold Cardholders, transactions are shown in U.S. Dollars, and the same principles will apply if an amount is charged in a currency other than U.S. Dollars. If you have any questions, please call us tollat 0-free at 1-800 ROYAL000 XXXXX® 1-2 (0-000-000-0000).