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What? Visa has rate at 84 cents


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Can anybody figure this out?

 

Why does Visa show an .84 rate for the Dinar?

 

If you put in 1 Iraqi Dinar, the Visa rate is $0.84, while the International rate is 0 and the Mastercard rate is 0.

If you put in 1,000 Iraqi Dinar, the Visa rate is $840.34, while the other rates are .84

If you put in 1,000,000 Iraqi Dinar, the Visa rate is $840,336.14, while the other rates are $840

If you put in 10,000,000 Iraqi Dinar, the Visa rate is $8,403.361.44, while the other rates are $8,400

 

https://ferates.com/converter

 

 

 

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The only reason I checked it at all was because I read this:

 

8-11-2020   Intel Guru Frank26  ...Angel1...sends me this [from so-and-so converter site. -Image]   IQD/USD - IQD 1 = $.0.8700  IQD = $.0.008.  hmmm. [Frank says] 'Let me know if you see anymore'...five minutes later ring-a-ding-ding "Frank I just got another text."  [Image from  converter site text notification] "Sunday August 9 Currency Alert!  IQD/USD 0.8700$ = 1 .0008$ = 1...this time it came through as a "ping" [Text Notification]...5 minutes later he did it again.  What?!...it goes on and on...but my friend gets 11 pings from a specific clearinghouse...It's showing that the IQD is at .0008 but then on top you can see that the ping that came through was showing that 1 IQD is now equal to .87 American cents.  And we saw it happen 11 times in a row What does it mean

 

 

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16 minutes ago, Linda Bower said:

Does Visa do international currency exchange?

 

 

I Googled it:

 

There is one Visa exchange rate for every type of currency, which can change once every 24 hours. And that rate is automatically applied to any international transaction made with a Visa credit card or debit card.
 
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14 minutes ago, keylime said:

Not seeing it. 1190 is what I'm seeing

 

Yes, 1190 is still showing at the CBI.

 

However, I'm checking Visa rates in foreign currencies.   They seem to all say the rate is equal to .84 

When checking foreign currencies on the Visa site I linked above, International rate and Mastercard rates have not changed.  Only Visa changed on foreign currencies so far.  But when checking in US dollars, all 3 rates changed - Visa, International and Mastercard rates.

 

I don't know what to believe yet.  This is all pretty crazy.

 

Edited by Floridian
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2 minutes ago, Linda Bower said:

This may be the first of many signs that the rv is imminent, or it could just be a glitch.

 

Could be a glitch, but here's a sampling of "off the wall" currencies and the rate Visa is showing for them:

 

41.09 Philippine peso equals
0.84 United States Dollar
3.13 Poland złoty equals
0.84 United States Dollar
115.06 Icelandic Króna equals
0.84 United States Dollar
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5 minutes ago, Floridian said:

 

Could be a glitch, but here's a sampling of "off the wall" currencies and the rate Visa is showing for them:

 

41.09 Philippine peso equals
0.84 United States Dollar
3.13 Poland złoty equals
0.84 United States Dollar
115.06 Icelandic Króna equals
0.84 United States Dollar

Are these rates normal? And I can't figure out how to bring them up on the visa site you posted above.

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9 minutes ago, keylime said:

Are these rates normal? And I can't figure out how to bring them up on the visa site you posted above.

 

I put 1,000,000 Dinar in the converter, without the commas.  (The 100 IQD showing is what you see before you put your numbers in.)

Also, I see that the International rate and the Mastercard rate went back to 0.0008

Crazy stuff!

This is what I'm seeing:

Currency converter

Give:
IQD – iraqi dinar
 
How much to exchange
or
Receive:
USD – US dollar
How much to receive
Commission: 0%
12.08.2020
SOURCE RESULT RATE
International 840.34 $ 
 
0.0008 
Selling 1,000,000.00 IQD you will receive:
Visa 840,336.14 $ 
 
0.8403 
MasterCard 840.00 $ 
 
0.0008 
 
Edited by Floridian
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Here's what they're saying is the Euro rate:

 

Currency converter

Give:
IQD – iraqi dinar
 
How much to exchange
or
Receive:
EUR – euro
How much to receive
Commission: 0%
12.08.2020
SOURCE RESULT RATE
International 712.81 € 
 
0.0007 
Selling 1,000,000.00 IQD you will receive:
Visa 711,607.11 € 
 
0.7116 
MasterCard 711.02 € 
 
0.0007 
 

 

Edited by Floridian
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