deodorant
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Ooh that 5% is really sneaky but the quantum of the charge is not really out of the ordinary.Indicated Rate – Bloomberg Generic Composite Rate mid-rate on the current day.
Daily Adjusted Rate – Bloomberg Generic Composite Rate on the day payment is processed plus 5%.
For example, I put a dummy transaction into amazon.com and amazon wanted to charge me 1.455 usd-sgd rate (google rate is 1.375) which works out to a 5.8% spread over google rate.
Credit cards FX transactions they whack you with a FX spread and then add on ~3% charge on top of that.
Who knows why Agoda does this? Maybe book now pay later they have to price in additional risk of no shows, or maybe they have to pay the hotel earlier? *shrug*
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