Pay now vs pay later at expedia.com
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Accepted answer
The price you pay at the hotel through their "pay later" option will be the same price that Expedia quotes you when you make the reservation. You will not be charged their walk in rate.
Chances are the verbiage "(approx.)" is hard coded into their html and shows on all bookings like this regardless of currency. But it is there because exchange rates can change between now and when the hotel actually charges you and large percentage of Expedia's bookings are cross border (either hotel location or customer location).
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Source: stackoverflow.com
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