exchange rate

What exchange rate does my debit card use?

Using the right debit card overseas can help you save on fees, but what about exchange rates?

One of the biggest benefits of using a travel card is that you can lock your exchange rate before you travel. That way, you'll know exactly how much you have to spend. With debit cards, the exchange rate is decided when the transaction is processed (typically at the time of transaction) and is determined by whether you're using a Visa or Mastercard. Read our guide on the best debit card to bring overseas.

When you compare Visa and Mastercard exchange rates, there is not much of a difference. There are some gaps depending on the currency, but the cost difference will ultimately come down the fees and charges associated with your international transaction. If you do decide to bring a debit card with you overseas, opt for a card that doesn't charge an international transaction fees or overseas ATM fees.

Westpac Choice

The Westpac Choice uses the Mastercard exchange rate

No ATM fees on withdrawals via Westpac's Global partners.

  • $0 account keeping fee if you deposit $2,000 per month
  • Linked Debit Mastercard
  • No foreign ATM withdrawal fee when using a Global Alliance ATM

    Compare your travel money debit card options below

    Rates last updated June 29th, 2017
    $
    Monthly Account Fee Debit Card Access ATM Withdrawal Fee Fee Free Deposit p.m. Details
    St.George Complete Freedom Account
    $0 Overseas ATM fee when you withdraw from the Global ATM alliance network. International transaction fee still applies.
    Visa $0 $2,000 $0 account keeping fees if you deposit at least $2,000 per month. Otherwise, a $5 fee applies. Unlimited free withdrawals at St.George, Westpac and BankSA ATMs. Go to site More
    Westpac Choice
    $0 Overseas ATM fee when you withdraw from the Global ATM alliance network. International transaction fee still applies.
    Mastercard $0 $2,000 $0 account keeping fees if you deposit at least $2,000 per month. Otherwise, a $5 monthly fee applies. Unlimited free withdrawals at St.George, Westpac, Bank of Melbourne and BankSA ATMs. Go to site More
    Bank of Melbourne Express Freedom
    $0 Overseas ATM fee when you withdraw from the Global ATM alliance network. International transaction fee still applies.
    Visa $0 $1,000 $0 account keeping fees if you deposit at least $1,000 per month. Otherwise, a $3 monthly fee applies. Unlimited free withdrawals at BankSA, St.George, Westpac and Bank of Melbourne ATMs. Go to site More
    Bankwest Qantas Transaction Account
    $0 Overseas ATM withdrawal fees charged by Bankwest. Third party ATM fees and international transaction fees may still apply.
    Mastercard $0 $2,000 $0 account keeping fees when you deposit at least $2,000 into your account each month. Otherwise, a $6 monthly fee applies. Unlimited Free withdrawals at Bankwest and CommBank ATMs in Australia. Go to site More
    Macquarie Transaction Account
    $0 International transaction fees. Overseas ATM fee still applies.
    Mastercard $0 $0 Free access to all domestic ATMs in Australia including the rediATM network. More
    Macquarie Platinum Transaction Account
    $0 International transaction fees. Overseas ATM fee still applies.
    Mastercard $0 Free access to the rediATM network More
    Citibank Plus Everyday Account
    $0 International transaction fees and $0 overseas ATM withdrawals fees if you use a Citibank ATM overseas.
    Mastercard $0 $0 No ATM fees using Citibank, Westpac, BankSA and St.George branded ATMs in Australia. Use overseas Citibank ATMs for free. More

    Let's take a look how Visa and Mastercard compare to each other

    CurrencyCurrency CodeVisaMastercard
    Afghanistan AfghaniAFN50.831273N/A
    Albanian LekALL90.182376N/A
    Algerian DinarDZD81.110535N/A
    Angolan KwanzaAOA122.918925N/A
    Argentine PesoARS10.24380610.237163
    Armenian DramAMD353.223521N/A
    Aruban GuilderAWG1.319814N/A
    Bahamian DollarBSD0.737326N/A
    Bahrain DinarBHD0.278245N/A
    Bangladesh TakaBDT58.138176N/A
    Barbados DollarBBD1.467278N/A
    Belarusian RubleBYR1414.76
    Belize DollarBZD1.461748N/A
    Bermudian DollarBMD0.737326N/A
    Bhutan NgultrumBTN49.67239N/A
    Bolivian BolivianoBOB5.1317915.096295
    Bosnian ConvertibleBAM1.2950791.297077
    Botswana PulaBWP8.165296N/A
    Brazilian RealBRL2.6107992.578383
    British PoundGBP0.5077120.508592
    Brunei DollarBND1.01586N/A
    Bulgarian LevBGN1.2719621.281057
    Burundi FrancBIF1N/A
    Cambodia RielKHR3N/A
    Canadian DollarCAD0.9539160.951804
    Cape Verde EscudoCVE73.013429N/A
    Cayman Is. DollarKYD0.614439N/A
    Cfa Franc (Bceao)XOF434.350607N/A
    Cfa Franc (Beac)XAF434.350607N/A
    Cfp FrancXPF79.017092N/A
    Chilean PesoCLP503.549601505.172071
    China Yuan RenminbiCNY4.845264.880111
    Colombian PesoCOP2N/A
    Comoro FrancKMF325.762955N/A
    Congolais FrancCDF670.966903N/A
    Costa Rican ColonCRC401.835442N/A
    Croatian KunaHRK4.877344.921787
    Cyprus PoundCYP0.387547N/A
    Czech KorunaCZK17.91007617.692166
    Danish KroneDKK4.9245524.871122
    Djibouti FrancDJF129.688317N/A
    Dominican PesoDOP33.74742333.98768
    E. Caribbean DollarXCD1.982058N/A
    Egyptian PoundEGP6.5474576.596879
    El Salvador ColonSVC6.451605N/A
    Eqguinea EkweleGQE434.350607N/A
    Eritrean NafkaERN12.044888N/A
    Estonian KroonEEK10.360603N/A
    Ethiopian BirrETB16.11574N/A
    EuroEUR0.6512440.652812
    Falkland Is. PoundFKP0.512088N/A
    Fiji DollarFJD1.582415N/A
    Gambia DalasiGMD31.476458N/A
    Georgian LariGEL1.5830391.567519
    Ghana CediGHS2.871886N/A
    Gibraltar PoundGIP0.512088N/A
    Guatemala QuetzalGTQ5.630223N/A
    Guinea FrancGNF5N/A
    Guinea-Bissau PesoGWP434.350607N/A
    Guyana DollarGYD152.04405N/A
    Haiti GourdeHTG45.958726N/A
    Hondura LempiraHNL16.648827N/A
    Hong Kong DollarHKD5.7308115.770254
    Hungary ForintHUF203.008041202.700293
    Iceland KronaISK92.06993190.812109
    Indian RupeeINR49.6723949.520087
    Indonesian RupiahIDR10N/A
    Iranian RialIRR22N/A
    Iraqi DinarIQD862.671732N/A
    Jamaican DollarJMD91.620162N/A
    Japanese YenJPY79.03885979.594317
    Jordanian DinarJOD0.523502N/A
    Kazakhstan TengeKZT249.054066N/A
    Kenyan ShillingKES74.580552N/A
    Kuwaiti DinarKWD0.223063N/A
    Kyrgyzstan SomKGS50.413946N/A
    Laotian KipLAK5N/A
    Latvian LatsLVL0.465371N/A
    Lebanese PoundLBP1N/A
    Lesotho LotiLSL11.501945N/A
    Liberian DollarLRD66.359364N/A
    Libyan DinarLYD1.011907N/A
    Lithuanian LitasLTL2.2863172.11994
    Macau PatacaMOP5.905941N/A
    Macedonian DenarMKD40.782253N/A
    Malagasy AriaryMGA2N/A
    Malawi KwachaMWK516.710875N/A
    Malaysian RinggitMYR3.0654963.029547
    Maldives RufiyaaMVR11.509663N/A
    Maltese LiraMTL0.284267N/A
    Mauritania OuguiyaMRO259.538846N/A
    Mauritius RupeeMUR26.369737N/A
    Mexican PesoMXN13.73513513.864522
    Moldovan LeuMDL14.554821N/A
    Mongolia TugrikMNT1N/A
    Moroccan DirhamMAD7.0892687.138365
    Mozambique MeticalMZN43.310545N/A
    Myanmar KyatMMK873.731626N/A
    Namibia DollarNAD11.501945N/A
    Nepalese RupeeNPR79.475824N/A
    Neth. Ant An GuilderANG1.319814N/A
    New Israeli ShekelILS2.8383372.845085
    New Zealand DollarNZD1.0626231.063717
    Nicarag Cordoba OroNIO21.02213N/A
    Nigeria NairaNGN146.80166N/A
    Norwegian KroneNOK6.1583446.061471
    Oman RialOMR0.284129N/A
    Pakistan RupeePKR77.271793N/A
    Panama BalboaPAB0.737326N/A
    Papua Ng KinaPGK2.390037N/A
    Paraguay GuaraniPYG4N/A
    Peru Nuevo SolPEN2.480366N/A
    Philippine PesoPHP34.10797634.183062
    Polish New ZlotyPLN2.9087562.830449
    Qatar RialQAR2.683941N/A
    Romanian LeiRON2.9386142.949685
    Russian RubleRUB49.55074348.028492
    Rwanda FrancRWF579.184529N/A
    Samoa TalaWST1.962279N/A
    Sao Tome DobraSTD15N/A
    Saudi RiyalSAR2.7658772.78595
    Serbia DinarRSD80.25796480.723525
    Seychelles RupeeSCR9.763306N/A
    Sierra L LeoneSLL4N/A
    Singapore DollarSGD1.0028611.007744
    Slovak KorunaSKK19.94833N/A
    Slovenian TolarSIT158.680797N/A
    Solomon Is. DollarSBD5.992087N/A
    Somali ShillingSOS431.335866N/A
    South African RandZAR11.50194510.986378
    South Korea WonKRW859.254373N/A
    South Sudanese PoundSSP24.073703N/A
    Sri Lanka RupeeLKR108.917836N/A
    St. Helena PoundSHP0.512088N/A
    Sudanese PoundSDG4.490317N/A
    Surinam DollarSRD4.932713N/A
    Swazi LilangeniSZL11.501945N/A
    Swedish KronaSEK6.1438946.047355
    Swiss FrancCHF0.7317230.720136
    Syrian PoundSYP160.884591N/A
    Tajikistan SomoniTJS5.801947N/A
    Tanzanian ShillingTZS1N/A
    Thai BahtTHB26.29042626.024979
    Tonga PaangaTOP1.711528N/A
    Trinidad/Tobago Dol.TTD4.847035N/A
    Tunisian DinarTND1.5528091.529111
    Turkish LiraTRY2.1793192.158793
    Turkmenistan ManatTMT2.574006N/A
    UAE DirhamAED2.7084942.728226
    Uganda ShillingUGX2N/A
    Ukranian HryvniaUAH18.43315718.542787
    United States DollarUSD0.7373260.7429
    Uruguayo PesoUYU22.857852N/A
    Uzbekistan SumUZS2N/A
    Vanuatu VatuVUV84.184227N/A
    Venez Bolivar FuerteVEF404.076767N/A
    Viet Nam DongVND1616.58
    Yemeni RialYER184.70023N/A
    Zambian KwachaZMW7.771419N/A

    Rates accurate up to 7 July 2016

    Shirley Liu

    Shirley is finder.com.au's publisher for banking and investments. She has completed a Masters in Commerce (Finance) and is the author of hundreds of articles. She is passionate about helping Aussies make an informed decision, save money and find the best deal for their needs.

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    2 Responses to What exchange rate does my debit card use?

    1. Default Gravatar
      Gail | March 23, 2017

      I want to have a debit card to travel to europe, that has no fees for withdrawl and no monthly minimum balances, Basically it is only to be used for travel once a year. can you recommend one. Thanks gail

      • Staff
        May | March 23, 2017

        Hi Gail,

        Thank you for your inquiry. As we are a comparative financial service, we’re unable to suggest or recommend one specific debit card to our users as the best option depends ultimately on your own financial situation, travel plans and spending habits.

        Nonetheless, on this page, you can compare your options for travel debit cards that you can bring to Europe. Aside from debit cards, there’s also a section on that page where you can compare your prepaid travel money and credit card options. Please click on the name of the product to view its details including fees.

        Cheers,
        May

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