Common use of International Dollar and Euro Corporate Cards Clause in Contracts

International Dollar and Euro Corporate Cards. The American Express Exchange Rate is set daily between Monday and Friday, except Christmas Day and New Year’s Day. You agree that any changes in the American Express Exchange Rate will be applied immediately and without notice. The rate charged is not necessarily the rate available on the date of your transaction or refund as the rate applicable is determined by the date on which the Merchant or ATM operator, in the case of Cards which can be used at ATMs, submits a Charge or refund to us which may not be the date on which you authorise the transaction or a refund is made. Fluctuations can be significant. The American Express Exchange Rate may be found by logging onto your online account to access the Foreign Transaction Calculator.