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Dynamic currency conversion (DCC) is sometimes called "cardholder preferred currency" (CPC). Whichever name you use, the idea is the same: cardholders can pay in their home or local currency when paying by credit or debit card while visiting another country.

A fixed or pegged rate is determined by the government through its central bank. The rate is set against another major world currency (such as the U.S. dollar, euro, or yen). To maintain its exchange rate, the government will buy and sell its own currency against the currency to which it is pegged.

For example, if you're a U.S. citizen traveling in Paris, you might receive a tab that shows ?30, $32 and an exchange rate of 1 euro = 1.05315 U.S. dollars (the current rate as of August 2022; updated EURO to USD).

Key Takeaways. Dynamic currency conversion (DCC), or cardholder preferred currency (CPC), is a merchant-provided service that lets you see your foreign credit card transactions in your home currency at the point of sale. Fees for DCC are higher than those charged on regular credit card transactions.

If you know the exchange rate, divide your current currency by the exchange rate. For example, suppose that the USD/EUR exchange rate is 0.631 and you'd like to convert 100 USD into EUR.To accomplish this, simply multiply the 100 by 0.631 and the result is the number of EUR that you will receive: 63.10 EUR.

Where Can You Exchange Currency? Banks, credit unions, and online currency exchange bureaus and converters provide convenient and often inexpensive currency exchange services. Also, your own bank's overseas ATM or a foreign bank's are ways to get local currency with a credit card or ATM card once you have arrived.

Dynamic currency conversion fees, often called DCC fees, are fees that merchants charge on card payments to convert a foreign currency payment into their local currency.