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Could be, the website's not that clear. I thought it was Mastercard for withdrawals and interbank for exchanges but maybe not looking at the website.
One other thing I was unaware of, rates can be higher at weekends:
At the weekend (Friday 00:00 - Sunday 23:59) we apply a small mark up on the spot rate as the Forex markets are closed. We take the rate from Friday 00:00 and apply a 0.5% mark up on major currencies and 1.0% on other currencies to protect the company from potential losses due to a large fluctuation in the rate. For illiquid currencies Russian Ruble and Thai Baht, there is 1.5% mark up on weekend.
aggi
I thought Revolut uses interbank rates and not MasterCard.