PMT KB Article 1 - 010 - What currency exchange rate will I be charged?

Our currency exchange rate is based on real time market exchange rates, so there is no fixed answer, as exchange rates move every second. However, what will stay the same is PayMyTuition offering you a better exchange rate compared to any bank or industry competitor.

Paymytuition offers students wholesale currency exchange rates that are significantly better than most banks and industry competitors.  Currency exchange rates change every second, and as an international student, it can be difficult to keep track of the latest rates and trends. We offer a Rate Guarantee to give you the confidence that you are getting the best possible rate.

We often hear from students and payers who look at mid-market rates on Yahoo, XE.com and Reuters, to find out what the real-time rates are.  The quotes provided by these sites are “inter-bank” tradeable rates for currency transactions between banks and are not available to the public.

Maintaining our Rate Guarantee, we urge students to compare our rates to those offered by banks and other industry competitors. We want to ensure that you get the lowest possible price on your international tuition payments.