In-App Exhange rate

[alexs (Alex Sherwood)]

@Avishai

I checked and Monzo gives exchange rate exactly like on this tool, based on the day when transaction settles.

There’s another caveat to mention here too unfortunately. The MasterCard site only displays one rate per day but when Monzo transactions settle..

@rdingwall

Settlements are processed together in batches. There are several clearing cycle batches each week day.

Still, as long as nothing catastrophic has happened, there shouldn’t be a big difference in the rate that’s displayed on the site vs the rate that’s applied.