HelpTravelling with MonzoWhat is the Monzo exchange rate?

What is the Monzo exchange rate?

We pass the Mastercard exchange rate directly to all customers without applying any spread on top. That means that, unlike most banks, we don’t add a hidden percentage into the exchange rate.

You can see the current exchange rates in the Mastercard website using the link here.

Please enter bank fee 0.00% on that page. To guarantee you get the Mastercard exchange rate please always select to pay in local currency, like euros or dollars, instead of sterling. This lets us make the conversion for you instead of the merchant or cash machine.

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