This is not a complain or anything, just curiosity question. I know that our exchange rate, when using Monzo abroad, will take some time to settle.
My question is - is it always a fixed amount of time or does it vary? I always input my transactions to my financial system and then I correct it when the exchange rate settles. However if the settling always takes 24, 48, or 72 hours I could make sure I do it after that time.
I would appreciate a bit more background of how it works. Thank you