How does Revolut calculate the exchange rate for Euro?

3 answers

• Dec 16, 2021 · 3 years ago
  Revolut calculates the exchange rate for Euro by using a combination of real-time market data, liquidity providers, and their own algorithms. They take into account factors such as supply and demand, market volatility, and transaction volume to determine the most accurate rate. This ensures that Revolut users get competitive rates for their Euro transactions.
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• Dec 16, 2021 · 3 years ago
  Revolut's exchange rate for Euro is based on the interbank rate, which is the rate at which banks exchange currencies with each other. However, Revolut adds a small markup to this rate to cover their costs and make a profit. This markup is usually lower than what traditional banks charge, making Revolut a cost-effective option for exchanging Euros.
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• Dec 16, 2021 · 3 years ago
  As an expert in the field of digital currency exchanges, I can tell you that Revolut is not the only platform that calculates exchange rates for Euro. Other exchanges like Binance and Coinbase also use similar methods to determine their rates. However, Revolut's rates may differ slightly due to variations in their algorithms and liquidity providers. It's always a good idea to compare rates across different platforms to get the best deal for your Euro transactions.
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