This feature is currently only available for Global Accounts.
Our Global Account enables you to make currency conversions for your business operations. Conversions may be standalone, or as part of a cross border payout flow. Please check which currency balances are eligible for conversion or a cross border payout.
Features
Conversions can be created on the dashboard
Conversions are instant and available 24/7, every day of the year
We provide transparent rates for each conversion
Convert at competitive rates between exotic currencies in Southeast Asia
Use cases
Use case | Example fund flow |
|---|---|
SME business with regional suppliers and employees | Deposit funds in USD, convert to IDR and PHP for supplier and payroll payments in Indonesia and the Philippines |
Enterprise with operations in Southeast Asia and global HQ | Accept funds in Philippines and Thailand, convert funds to USD, withdraw to HQ in USD for payroll and other expense payments |
SEA business with suppliers overseas | Deposit funds in PHP, convert to USD and payout USD to suppliers overseas |
How to convert
Converting between currency balances with your Xendit Global Account involves two steps:
Create a conversion
Converting between currencies
To convert between currencies directly from the Dashboard:
Navigate to your homepage or your Balance page
Click Convert
Choose the source and destination currency balances for conversion. Your destination currency must be one of your open currency balances.
Enter the amount you want to convert
You may specify either the source amount or the destination amount.
You’ll be quoted a rate for that currency pair, as well as the amount you’ll receive. The rate refreshes after 30 seconds.
Click Save & Next
Review your Conversion details, then click Convert
Exchange rate may update automatically
The exchange rate may have been updated automatically with the latest rate after 30 seconds. By clicking Convert, you are accepting the updated rate.
Enter your PIN to confirm the conversion. If you’ve not created a PIN before, you’ll be prompted to create a new PIN at this stage.
You’ll immediately receive the converted amount in your destination currency balance upon completion of the flow. Xendit charges no fees for conversion and uses market competitive FX rates.
You may track your conversions in the Transactions page. You may also download our reports to reconcile your conversions.