So- a couple of remarks about this surprisingly interesting discussion… the questions really did appear basic, but I guess everyone- apart from savant-syndrome-like, math geniuses - always has a little short moment of hesitation when looking at the rates of ‘major’ currencies.
It’s a lot easier with PLN, ironically, when you know it’s ~4PLN per one unit of major currencies, oh well, specifically 3,6PLN per USD, 4,25per EUR and almost 5PLN per GBP.
Anyway, a couple of strategies for your mind to be able to get the idea in a split second:
“Normally”, you can remember that EUR is “always” “weaker” than GBP- and I don’t wish you, UK fellas, for it to be any different in the near future.
So any rate you see- you know you’re getting more EUR then GBP. From there, it’s pretty easy to imagine what was explained: the more rate goes up, the more GBP you get for 1 EURO
Use Revolut exchange tool rather than the converter! It doesn’t hurt just to set up the conversion from EUR to GBP and type in a value and just see what you get for it. Be careful not to hit ‘exchange’ though, if you don’t want to.
But that’s really useful- type in 1000EUR and observe how much GBP you tend to get for it. Very clear.
SIDE NOTE but important: it DOES DOES DOES matter how you input currencies in converter or rate projector. What I mean is that EUR/GBP is a different rate than GBP/EUR -> buy vs. sell.
On weekdays, the difference is super-tiny, b/c it’s awesome Revolut, but on the weekend you can get exactly what I mean; The sell/buy rates will be different b/c of the weekend markup.
So- back to the previous bullet, it’s a lot more clear to actually simulate an exchange.
And always, always, make your exchanges on weekdays and preferably in the UK working hours (for EUR/GBP), to get the bestest of the best rates. For major currencies, it’s pretty much the same rate you see on XE.com.
Discussions like these make me realize again and again that we’re offered a forex exchange rate, no commission, on your phone, and just how awesome Revolut actually is.