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Can I use my BMO MasterCard in Europe?When converting foreign currency transactions into CAD, Mastercard uses the current exchange rate plus % of the transaction?. This is a. Avoid unnecessary currency conversions if you make plenty of purchases in US Dollars with the BMO U.S. Dollar Mastercard. Here's the details on this unique. This currency converter tool provides foreign exchange rates by Mastercard to convert from the transaction currency to your card's currency.