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I'm looking for the current exchange rate for two currencies using Mastercard and VISA. Neglecting any currency exchange top-up which might be charged by the bank.

In the best case a public API or a chart including the current and past exchange rates. (It seems like that Mastercard and VISA do not disclose this exchange rate in an easy manner.)

I'm interested in - first, how much the Visa and Mastercard exchange rate do differ. Second, how does the exchange rate compare to services like Transferwise.

If there is no public service available, I would be curious in your opinion. I'm wondering if I should exchange a big amount of money using Transferwise or continue with my daily business using my foreign currency credit card (my bank doesn't charge any fees for foreign currency).

lennart
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For Mastercard you can try to use their API. It is not free though. But they promise they can deliver their currency rates history.

The Enhanced Currency Conversion Calculator is a subscription-based service that provides access to Mastercard's daily currency conversion rates and historical currency conversion rates

This is a link:

https://developer.mastercard.com/documentation/enhanced-currency-conversion-calculator/1

Green
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MasterCard and Visa each have a webpage where you can look up their conversion rates for purchases on any day:

You can find blog posts online where people attempted to survey results from these tools and compare the two companies. Here are a couple of examples:

As for comparing this to TransferWise, I’m not sure exactly how you are using your credit card for your “daily business.” However, TransferWise seems to be very transparent with the fees they charge and the rate they use, so you should be able to do a survey comparison between the cost of your current methods and the cost of using TransferWise.

Ben Miller
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