What currency are card spend limits enforced in for foreign-currency purchases?
Short answer
The currency used to evaluate a spend limit depends on the type of control. A foreign-currency card purchase may be converted before it is evaluated, so finance teams should confirm the control’s currency before setting a strict limit for international spend.
How Ramp handles currency-based controls
Ramp Spend Programs are set up in one currency. This lets finance teams create separate programs for different entities or currencies—for example, a CAD program for employees in Canadian entities and a USD program for employees in US entities.
Ramp also evaluates monetary thresholds in submission policies in USD. For a non-USD transaction, Ramp converts the transaction amount to USD before evaluating the threshold.
Foreign-currency transactions and card controls
When a transaction’s original currency differs from its statement currency, the transaction undergoes currency conversion. The final statement amount can therefore differ from the amount an employee saw at the point of purchase.
See Ramp's card programs by global region:
Related questions
It depends on the provider’s issuing infrastructure, the legal entity’s location, and its eligibility. Some providers support more than one card currency for an entity, while others require separate entities or a separate foreign-exchange solution.
Read moreYes. Corporate card providers can issue cards in an entity’s local currency when that currency and entity are supported by the provider’s issuing program. The available card type—physical, virtual, or both—can vary by country and currency.
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