---
title: "Multi-currency balances (Beta)"
slug: "opening-balances"
updated: 2025-08-11T01:58:31Z
published: 2025-08-11T01:58:31Z
canonical: "docs.xendit.co/opening-balances"
---

> ## Documentation Index
> Fetch the complete documentation index at: https://docs.xendit.co/llms.txt
> Use this file to discover all available pages before exploring further.

# Multi-currency balances (Beta)

> [!NOTE]
> This feature is currently only available for [Global Accounts](/docs/available-features).

Xendit automatically converts all funds from payments into the default currency of your account. The default currency across all Xendit global accounts is USD.

![](https://cdn.document360.io/217abc43-8677-41fb-a81d-fceeb1fa0358/Images/Documentation/image(132).png)

You can add a new currency balance from your Balance tab - use the **+ Open New Balance** button and select your desired currency.

****Available currencies****

IDR, PHP, MYR, THB, VND, USD, HKD

After a currency balance is added, all payments with a matching presentment currency will settle into that balance going forward.

For example, if you are a Xendit user in Singapore with only a USD balance open, all payments with a different presentment currency (eg IDR, PHP) will be automatically converted and settled into that USD balance. When you add a IDR balance, any future IDR payments will automatically settle into the IDR balance without conversion.

Upon adding a balance, you can also use it for the same purposes as your existing balances:

1. Setting as default balance
2. Converting to/from other currencies
3. Initiating a payout

Some currencies will have [restrictions on the range of features you can use](/docs/global-account#currencies), depending on your country of incorporation.