Currency exchange rate shown on Monzo transaction inaccurate

[anon95680666]

maybe its to do with the mid , bid and intraday rates ? maybe the merchants didnt present it until the day after ?

Transactions abroad or in a foreign currency

I can see there’s a bit of confusion here about comparing mid, bid and intraday exchange rates! So here’s a quick recap of FX market infrastructure basics, and a comparison of MasterCard/travel shop/ATM exchange rates! What’s the price for a Currency? In a stock or commodities market, contracts are priced in monetary terms, usually the local currency or USD. For example, the current price of an $AAPL share is around $115, and a barrel of oil is $40. But FX is money itself…