Curve FX Rate | Users Question Its Value
Edited By
Marco Silvestri
A growing number of people are re-evaluating Curve’s foreign exchange rates, particularly during travel. On a recent trip to Austria, one traveler noted discrepancies between the Curve app and their bank's rates, prompting discussions about the value of Curve compared to traditional banks like Chase.
Key Context on Exchange Rates
Travelers have turned to Curve for international currencies, often finding their rates more appealing than their bank's offerings. However, recent comments reveal a pivotal shift: Curve no longer sets its own FX rate. Instead, it now adopts Mastercard's rate, which users assert can often lag behind interbank standards.
User Reactions and Insights
Amid the debate, insights from multiple comments surfaced:
Mastercard's Dominance: "There is no Curve FX rate anymore," noted one commenter, highlighting a significant change in Curve's operations.
Rate Fluctuations: Others confirmed, "It has changed since yesterday," reflecting real-time FX market fluctuations.
Savings Potential: Many believe that even small differences in rates can add up. "Using Curve, you are saving between 2-3 percent per transaction," noted a contributor, citing rewards programs.
"Yesterday’s rates seemed competitive, but today’s are less favorable for converting pounds to euros."
Sentiment Highlights
Many comments reflect a mix of skepticism and pragmatism. While some users appreciate the cashback incentive from Curve, others express frustration over the new rates compared to their past experience with Curve's rates.
Key Takeaways
🏦 Curve no longer offers its own FX rates; it now relies on Mastercard's rates.
💱 Recent changes in rates have sparked confusion among users traveling abroad.
🎉 Users highlight potential savings through cashback on transactions, despite FX changes.
In summary, while Curve has been popular among travelers for currency exchanges, the reliance on Mastercard’s fluctuating rates has led some to question the efficacy of continuing to use the service. As this debate unfolds, travelers are advised to compare rates closely to ensure they’re getting the best deal.