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How is the currency exchange rate calculated when the card is used outside of denominated currency?

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How is the currency exchange rate calculated when the card is used outside of denominated currency?

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A. Your lastminute.com currency card is designed to be used in its denominated currency. To get best value and avoid exchange rate fees, use the Euro card in the Euro zone and the U.S dollar card in the United States. Using them outside the denominated currency would involve an extra foreign exchange fee. This exchange rate would be determined by MasterCard rather than lastminute.com Limited.

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