Revolut Exchange Rates
Revolut uses the interbank exchange rate, which is one that where the bank will change currencies with other ones. The rate used is real-time and because of this it is always constantly changing in the Revolut application as well as the website. The digital wallet gets its rates from third parties.
If you decide to exchange currencies Monday through Friday (DST) there is not any markup on the interbank exchange rate for any currency. The only exception to this is the Thai Baht (THB) and for that currency, there is a 1% markup. Also, you should be aware that any amount over $1000 US Dollars will have a 0.5% fee attached.
On Saturday and Sunday (DST) the rates that are given are fixed ones in order to get fluctuation protection. Also, for every currency, there is a 1% markup on the weekend and for the Thai Baht, there is a markup of 2%.
The interbank exchange rate is one that is always changing and because of this, the weekend locked-in rates may be different from those on Monday morning when the markets open.
One of the cool things about the Revolut application is that you can check out the current foreign exchange rate prior to the exchanging of currency or transferring funds to a bank using foreign exchange. Making a payment on a card or taking out money in a currency that Revolut does not support is possible, and they will give you the best rate available.