How do I get the best exchange rate on foreign currency?



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Exchange rates explained! The myth is cracked, check out this video to visualise what it means to get the real exchange rate with Revolut, The Global Money App. We’ll give you a hint: it means a lot more money for you to spend on the things you enjoy!

These numbers were accurate at the time of filming. Bank fee is an average fee extrapolated based on the combination of fixed fees and variable fees on exchange rates from several top UK banks. The exchange bureau fixed and variable fee is an average of several UK based providers and their disclosed information on their websites.

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FRM: Currency swap

Brief illustration of a fixed-for-fixed currency swap (e.g., dollars for euros). Please note: in a plain vanilla interest rate swap, we referred to the NOTIONAL because it is not exchanged (in that case, the notional is required only to compute the interest). However, in a currency swap the PRINCIPAL is exchanged. For more financial risk videos, visit our website at http://www.bionicturtle.com!