DEBIT CARD TRANSACTION:
Today I withdrew 25,000-baht using my ATM card.
Schwab debit: 25,000baht taken
$777.84 posted to my checking account statement
rate given: 32.14
street rate: 32.04
CREDIT CARD TRANSACTION:
Also today, I purchased coffee at Starbucks for 275-baht. On my credit card statement, you will see that this coffee was converted to $8.51USD, and I received an exchange rate of 32.32.
After the coffee, we ate at R&R Restaurant (Carl’s Jr) for 415-baht. That converted to 32.32 (baht/USD). This is a really good example to show because it demonstrates how a few minutes does make a difference in exchange rates.
COMPARE TO YAHOO RATES:
To show the difference, this is Yahoo’s online rate for the day. They were showing 32.35 as their best rate; while 32.04 was the best rate we could get on the street.