It would be great to have the Mastercard exchange rate appear in the app when traveling, and explain that it is only an estimation. The app could tell that the user is currently not in the UK and next time the app accesses the web to download the current rate and cache it for when traveling without Internet (with a timestamp)
What do you guys Think?
Or always display a second notional value in the currency of your choice wherever you areā¦i.e. even if in UK have option to display approx equivalents of your GBP transactions and account balance in say US$ or ā¬UR
Once youāre signed up for the early access to travel reports, you do receive a feed item with the MasterCard exchange rate when you arrive in a country & the message mentionās that the rate is an estimate -
When you spend, the amount paid is displayed in both the local currency & GBP.
Travel reports are explained in more detail in this post -
The piece thatās not currently available is the current dayās rate, from day 2 onwards (thereās no need for live rates because the rate will change by the time the transaction settles anyway).
Having it cached so that it can be used to calculate how much something will cost in advance, while youāre offline, would be useful.
The app does do that.
But not this -
It looks like the travel reports option is essentially exactly what I was looking for. Great job and canāt wait for it to be pushed out!!
I was looking essentially for an information center I could use instead of having to access the mastercard exchange rate directly.
Thanks everyone
Iāve only had the opportunity to join recently and the only feature I seem to have on Android is topup, freeze, view timeline of transactions, and a basic encite to these transactions
yep. not interested in any transaction I do in another currency showing in the local currency and GBP but all my transactions done in GBP also displayed in say EUR, CHF or AUD
Great! Iām not sure that the reports are available for Android yet & theyāre not on the roadmap. But Monzo is aiming for feature parity so theyāll get there.
I see, I think your request is slightly different to Deanās in that case. It might be worth posting it separately. My guess is that the functionality that youāre looking for would be developed once Monzo expands into Europe.
Iām intrigued about how often the rate does change, as I thought it basically only once a day. The Mastercard page: https://www.mastercard.us/en-us/consumers/get-support/convert-currency.html Monzo directs us to in the āWelcome to [COUNTRY]ā message only supports the ability to add a date, yet I managed to recieve two slightly different rates for different times on the same date.
I know thereās only Ā£0.08 difference, but as the pound is faffing about so much at the moment, Iād been working on the basis that there was 24 hours between Exchange Rate changes. Probably exceedingly naive, but intriguing nonetheless.
BTW: Mastercard also quotes a slightly different rate, but Iām assuming thatās down to the highlighted text. Is this the actual rate which will āsettle in a few daysā according to Monzo, and will that change in my app?
I thought (perhaps wrongly) that the MasterCard rate was live and changing by the minute
I think youāre probably right, but Iām just wondering if there is at least an hourly graph view we can see. Iāve probably just not done enough research, I just thought it looked a bit odd in my feed mostly, especially if the amount is definitely going/subject to change. (Which, if it is, Iād like to know whether this will also change my balance and feed as well.)
Thanks for sharing this, Iāll let someone from Monzo answer as Iād like the conclusive answer to this & I donāt want to create any confusion.
I donāt even know whether thereās a difference between the way that ATM withdrawals vs transactions are processed, in terms of authorisation & settlement.
The only question I can answer is that the app will show you the final transaction amount once it settles - the figure will be updated.
Would you mind posting a link to that page from your screenshot of MasterCard website? This is the page -
https://www.mastercard.us/en-us/consumers/get-support/convert-currency.html
I assumed that youād posted the link to the page displaying the historic rates. I didnāt recognise the page because itās been redesigned!
It looks like it might be useful.
blog post from way back when -
The graph shows seems to be from MasterCard US not MasterCard Europe so not sure if they handle things differently, but that page seems to be not real-time but historic and perhaps shows daily averages or midday rates? but of course they donāt explain that 
the link was in his post as Mastercard Currency Converter | Currency Exchange Rate Calculator
Hmmmā¦ thatās the one linked from inside the App, so I imagine itās the one they use.
@anon95680666, that is also one hell of a blog post. Iāll need to read it again (and again) to actually get to grips with it, but Iām still not sure whether it answers the question as to whether there is somewhere we can view the history of āexchange ratesā¦ Fixed based on a 60 second sample at a given time of dayā or their Mid Rates, and if thatās even what Mastercard and Monzo use.
Genuinely, I donāt actually care, but Iāve started down this rabbit hole, so Iāll keep having a look until the oven beeps.
Turns out that page is the one thatās been referenced throughout the community, MasterCard have just redesigned it within the past week or so. Iām pretty sure itās the midday rate that theyāre showing us there.
I couldnāt find the answer there either. So I thought Iād post the question there which means itāll be visible at the bottom of the post for anyone else who reads the blog
Hereās your answer 
Maybe the day/date when the M/card rate changes is based on GMT ( or some other international time zone) and not on ālocalā time 
