Every time you make an internationaltransaction like this, the foreign currency has to be converted to US dollars in order to be charged to your monthly bill.
Similar to a credit card, shop around and look for a bank or credit union that offers a debit card with no international ATM withdrawal fees or foreign transaction fees.
Our central bank has not fully grasped that the dollar is now an international currency, with more than 60% of that now in circulation being used as transaction money outside our borders.
The International Securities Association for Institutional Trade Communication (ISITC), an industry trade group focused on transaction processing, reports that a pool of members surveyed show that almost all think that finance industry could benefit from greater leadership.