this post was submitted on 17 Aug 2023
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It's based on the elo of the player. As an example, a Women's Grand Master (WGM) is someone with an elo of atleast 2300 with three norms (played against others with a similar title). Compare that to an International Master, which is someone with an elo of 2400 and three norms (here the norms are against an IM). A Fide Master has an elo of 2300 with no norm, so a WGM is as strong as an FM. So FIDE argues that a WGM transitioning to a man may be given the title FM, and so on. However, in the other case, an IM (male or female) transitioning would have the same rating since IM > WGM, and hence the same title.
Edit: elo is a rating scale irrespective of gender. Higher elo implies better player.