The American Express exchange rate varies on the type of currency conversion you select at the time of purchase. So, there’s a different Amex exchange rate between the U.S. dollar and approximately 80 other currencies, and they all fluctuate from day to day. Popular Amex currencies include the Canadian Dollar, the British Pound, the Euro, and the Mexican Peso.
What you should know about the American Express exchange rate:
The Amex exchange rate is automatically applied to international purchases charged to Amex credit cards.
American Express FX International Payments customers can access their accounts online to get the day’s exchange rates. These rates are not available to the public, but you can enroll for free if you have a U.S. business bank account. An American Express card is not needed.
Exchange rates between the U.S. dollar and all other currencies fluctuate daily. But because American Express does not publish them openly, it’s difficult to track them. Visa and Mastercard on the other hand, publish their exchange rates continuously.
It’s also useful to know that if you make a foreign transaction using your checking account, debit card or prepaid card, the exchange rates are the same as those used for credit cards.
The American Express Platinum card exchange rate is American Express's exchange rate on the date you make an international purchase. American Express exchange rates change on a daily basis, but they do not make their exchange rates public. The rates do tend to be quite low, however.
While credit card exchange rates normally also include foreign transaction fees, the American Express Platinum card does not charge foreign fees. This means the American Express Platinum card will save cardholders 1.53% on purchases with international merchants, compared to the average credit...
There are several American Express credit cards that have no foreign transaction fees, including the American Express® Gold Card and co-branded cards with rewards for Hilton, Marriott and Delta. The Amex cards without foreign transaction fees have annual fees ranging from $0 to $500+. They also offer valuable travel benefits, such as free checked bags and luxury airport lounge access.
One of the best American Express credit cards with 0% foreign transaction fees is the Hilton Honors American Express Card because it’s one of...
The usual credit card exchange rate used for purchases made abroad is 2-4%. Credit card networks (i.e. Visa, Mastercard, American Express, and Discover) generally use conversion rates based on interbank rates they select from customary industry sources on the business day prior to the processing date.
Visa and Mastercard provide calculators you can use to get an indication of the rate you may receive when using your card abroad.
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