Calculating foreign exchange rates

With the exception of TARGET closing days, every day at 4 pm, the European Central Bank (ECB) publishes foreign exchange rates based on the daily average of central banks across Europe. Acting as a point of reference only, these rates are not made available to individuals. Instead, card schemes including Visa and Mastercard set their own exchange rates, which can be above the ECB’s aggregate. Many high street and digital banks then add a markup to the exchange rate set by their chosen card scheme. At Tally, we’re proud to pass on Mastercard’s exchange rates directly to our customers, no matter which currency or country you’re operating in. 

Below are the latest rates for spending abroad with your Tally Debit Mastercard®:

European Central Bank rate

Mastercard rate

Tally mark-up over Mastercard rate


Difference between Mastercard and European Central Bank rate

Please remember that exchange rates can fluctuate and may change between the time a transaction is made and the time it is deducted from your available balance. You agree that any change to the exchange rate may be applied immediately and without notice to you.