See here the daily Mastercard Exchange Rates compared to the interbank rates. We have listed the 20 most traded currencies. Each field represents the converted foreign value for 1 US dollar. Updated Feb 17, 2018.
|CNY||China Yuan Renminbi||6.347||6.344||-0.04%|
|NZD||New Zealand Dollar||1.353||1.355||0.12%|
|HKD||Hong Kong Dollar||7.821||7.822||0.01%|
|KRW||South Korean Won||1066.6||1063.809||-0.26%|
|ZAR||South African Rand||11.627||11.683||0.48%|
Mastercard earns a small percentage every time their debit or credit card is swiped in a shop or used online. The small fee is typically around 0.11% per transaction and is splitted between Mastercard and the acquirer (your bank).
When you use your Mastercard abroad there is a tiny percentage added to the foreign exchange rate. In our list above you can compare the market rate with Mastercard's rate and see the small difference in percentage.
The company behind Mastercard (Interbank Card Association) was founded in 1966. It was rebranded as Mastercard in 1979 to simplify their business brand. Mastercard has more than 10.000 employees around the world.