How does the Revolut exchange rate work?

If you’re exchanging currency with Revolut, the exchange rate you get can have a big impact on the total cost of your transaction. As a result, it’s best to understand exactly how it works, so that you’re not paying more than you expect.

This article is going to break down how the Revolut exchange rate works, including where it applies and the additional fees to be aware of. We’ll also let you know how Wise compares and why the mid-market exchange rate is a good thing for you.

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How does Revolut exchange rate work?

Any time an account holder uses a Revolut service that involves currency conversion, Revolut applies an exchange rate for that conversion.

There are three ways to convert currency with Revolut:²

• When sending money internationally
• Exchange currencies in the app
• Spending abroad with the Revolut card

The exchange rate used to convert currency is the same across each method, although the fees may vary based on factors like your account, and the time of week. For example, it can be subject to fair use and weekend fees, which impact the overall cost of the transfer or transaction.

What is the Revolut exchange rate?

When exchanging foreign currency, Revolut applies their own rates to the conversion. Revolut doesn’t share much about their exchange rate, simply stating that it’s a competitive variable rate based on data from multiple independent sources.¹

To see how competitive the rates are, you would need to compare it to other rates, like the mid-market exchange rate, which providers like Wise use.

Can you check the Revolut exchange rate?

To check the Revolut exchange rate you can log into your account on the app or go to the currency converter tool on their website.²

As well as the exchange rate, you’ll be able to see any additional fees that apply to the transaction.

Revolut weekend exchange rate: How does it work?

Revolut accounts come with multiple levels of paid subscription. When you convert currency on the weekend, you may be charged additional fees depending on which subscription level your account is.³

🔎 Keep in mind: The weekend hours aren’t based on Irish time. Instead, they’re defined as being all exchanges made outside of the foreign exchange market hours, which is 5pm Friday to 6pm Sunday, Eastern Time (ET). That's the same time zone New York is in.

Revolut exchange rate limits

**Revolut also has fair usage limits for each account type.**³ When you exceed this limit, any additional currency exchanges will incur a fair usage fee. This fee applies to all exchanges of fiat currencies, crypto and commodities, including transactions like Revolut card payments.

The Revolut fair usage limit resets once per rolling month. To check your current usage and the reset date, open the Revolut app, click on your profile and then the plan.

Wise vs Revolut exchange rate

One of the key differences between how Wise and Revolut handle currency exchange is the exchange rate.

Wise always uses the mid-market rate, which is the middle point between the buy and sell prices on the foreign currency exchange market. It’s considered a fair, transparent exchange rate, and Wise does not add any hidden markups on the currency conversion.

Also, Wise updates the mid-market rates displayed on the website and app every minute. There’s no fair usage limits or weekend surcharges to worry about, you’ll just pay a small, transparent conversion fee that’s shown upfront before you make the transaction.

On the other hand, Revolut uses its own variable rate. It may be or not close to the mid-market rate, and there’s no guarantee it matches it. Standard and Plus plan users may also face extra costs from the weekend fees or fair usage fees if they don’t carefully plan around it.

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FAQ: Revolut exchange rate

If you’re still curious about how the Revolut exchange rate works, here’s a few FAQs to delve into.

Does Revolut charge exchange rate fees?

The only exchange rate fees Revolut charges are the fair usage fees and fees for exchanging funds outside of the foreign exchange market hours.

This means Revolut Premium, Revolut Metal and Revolut Ultra account holders won’t have any exchange rate fees to worry about. Revolut Standard and Revolut Plus users might, depending on how they use the account.

Does Revolut offer the interbank exchange rate?

No. The interbank exchange rate is another term used to describe the mid-market exchange rate. Unlike Wise, Revolut doesn’t commit to using this rate. Instead they just state theirs is a competitive rate based on independent data.¹

Is Revolut exchange rate good?

The best way to determine whether the Revolut exchange rate is good is to compare it to other providers, like Wise or your Irish bank.

As an example, here’s how the rates offered by Revolut, Wise and Bank of Ireland compared at the time of writing for a few different currencies, when sending 1000 EUR.

Exchange rates shown are based on rates available 10:00 on 10 August 2025, always check the latest rates on the provider’s website before making a transfer.

As you can see, how good Revolut’s exchange rates are depend on what else is being offered.

Take the US dollar rates for example. On this day, Bank of Ireland was only offering 1.1358 USD for every EUR you convert, while Wise and Revolut were offering 2-3 cents more. This can make a big difference over time.

When choosing a provider for your currency conversions, it’s always worth comparing the exchange rates. You want to see which option has the highest number, as this means getting more money for the currency you're trying to convert.

Sources used:

Sources last checked on date: 10 August 2025