Hi Revolut Community,
This is a tricky one. A long time ago, I converted EUR (my base currency) to JPY for a total of 500,000 JPY.
Now I am traveling to Japan, but the current exchange rate is much more favorable, so I want to avoid using any of those 500,000 JPY. I can’t convert back those 500,000 JPY to EUR because I’d take a hit, I just want to leave them there untouched hoping for better times.
While in Japan, how can I force any transaction (payment, ATM withdrawal) to keep away from my JPY?
Do I always get the option to select “with conversion” ?
When selecting “with conversion”, what rates apply? Revolut’s favorable day rate or some horrible conversion rate from the merchant’s bank?
Assume small transaction & weekday, to keep things simple.