What is the currency exchange rate applied to the IAT payment I received?

The currency exchange applied to your payment is entirely up to the financial institution from which the payment originated. Revolut receives the payment in USD from the originating bank and does not perform any currency exchange.

Revolut does not apply any fees whatsoever to IAT payments it receives, including foreign exchange fees. If the amount you received was different from the amount you were expecting, we suggest contacting the bank or financial institution from which the payment originated.