Skrill allows exchanges in over 40 different currencies, enabling broad international transaction capabilities.

Skrill's exchange rates are set competitively and may include a markup over the interbank rate, reflecting market conditions and currency volatilities.

Skrill updates its exchange rates regularly throughout the day to reflect the dynamic forex market conditions.

Skrill may apply fees to currency exchanges, which can vary based on the currencies involved and the type of transaction. They may also make money on the exchange rate spread.

Users can view the latest exchange rates directly through Skrill's platform when initiating a transaction, ensuring transparency before any money conversion occurs.

Skrill provides features like direct conversion within the digital wallet, competitive rates, and the ability to send money in multiple currencies across borders.

To exchange currency on Skrill, users select the amount to send and the desired currency; Skrill then displays the conversion based on the current rate before confirming the transaction.

Skrill uses high-standard encryption and security protocols to protect user transactions and sensitive data, ensuring secure exchanges.

A user can initiate a currency exchange by logging into their Skrill account, choosing the amount to exchange, selecting the desired currency, and confirming the transaction details.

Skrill offers competitive rates and rapid transaction capabilities, often with lower fees compared to traditional banks and some other digital transfer services, making it a favourable option for many users.