How does Revolut's exchange rate for digital currencies fluctuate over the weekend?

3 answers

• May 10, 2022 · 3 years ago
  The exchange rate for digital currencies on Revolut can fluctuate over the weekend due to various factors. One of the main factors is the overall market sentiment and demand for the specific digital currency. If there is increased demand for a particular digital currency, its exchange rate may go up. On the other hand, if there is decreased demand, the exchange rate may go down. Additionally, external events such as news announcements or regulatory changes can also impact the exchange rate. It's important to keep in mind that the cryptocurrency market is highly volatile, and the exchange rate can change rapidly even during weekends.
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• May 10, 2022 · 3 years ago
  Revolut's exchange rate for digital currencies can be influenced by market factors during the weekends. The exchange rate is determined by supply and demand dynamics, which can fluctuate based on various factors such as trading volume, liquidity, and market sentiment. It's important to note that the cryptocurrency market operates 24/7, including weekends, so trading activity and price movements can still occur during this time. Revolut aims to provide real-time exchange rates, but it's important to monitor the market and be aware of potential fluctuations.
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• May 10, 2022 · 3 years ago
  When it comes to Revolut's exchange rate for digital currencies over the weekend, it's important to understand that Revolut sources its exchange rates from multiple exchanges and liquidity providers. This means that the exchange rate can be influenced by the market conditions of these exchanges during the weekends. Revolut aims to provide competitive rates and minimize the impact of fluctuations, but it's important to keep in mind that the cryptocurrency market is highly volatile. It's advisable to monitor the exchange rate and consider market conditions before making any transactions.
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