Great feature - could have done with it last week!
That is pretty good.
Not enough for me to casually hold a balance in Revolut though.
But a great feature none the less!
I send a few hundred in euros each month, the extra would probably be worth it, but I don’t particularly like revolut. But for the extra money, I shall have to look at them again.
I used this before it was actually posted about and I can confirm it’s a pretty good feature. Shame it relies on the currency fluctuating though not helping much due to Brexit in securing a better rate. Much easier to avoid a loss though!
I need to pay some big bills in Poland this year and have been watching the currency fluctuate with horror.
I’ve been working on a hope that I can get at least 5 PLN to the GBP.
The rate I get fluctuates because politicians in both countries seem to be hell-bent on causing as much damage to their economies as possible.
While UK Politicians are knocking the stuffing out of each other over Brexit, Poland’s finest are like cats in a barrel over constitutional change, and allegations over skyscrapers and senior members of the ruling party.
The window of opportunity is very small each time the rate ticks over 5 Zł before somebody says something stupid.
One day last year, I calculated that the mere appearance of this text at the bottom of the screen on Sky News added about £40 to my bill…
Being able to automatically lock in a good rate is brilliant.
Is your bill a mortgage or something?
Given that this was entirely predictable…
…I bet some enterprising people will have made a few quid in the last 24 hr.
The new revolut currency conversion thing would have been great for that if I had only set it up lol
I know a lot of people here convert money and use a lot of foreign currency… But do these fluctuations really make much difference?
2 euros for every £100 converted?
I guess for prolific converters (or businesses), it can be huge.
But for the everyday holiday maker - It’s not really much of a thought.
We are not talking huge numbers, unless you’re converting huge amounts.
But, hypothetically, if you were paying for a wedding in a foreign country in a few months time, buying a tranch of currency at 8am this morning versus now is worth several bottles of vodka!
If you make your dough by shorting currencies though…
Well, let’s just say I’m now > £200 poorer than I was three hours ago - without spending a single penny in between