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What are Wholesale Exchange Rates and How to Use

Douglas Yong
6 February 2019

A guide to Wholesale Exchange Rates and how you can exchange money around the world, even without money changers near you!

What are Wholesale Exchange Rates?

Wholesale Exchange Rates are foreign exchange rates used by banks, large corporations, and public & private institutions for large volume currency transactions.

How good are Wholesale Exchange Rates?

Wholesale Exchange Rates are real-time exchange rates that are very close to the rates published on Google, XE.com, and other financial sites.

MYR RM1,000
Google Rates	SGD $330.25	+0%
YouTrip (Wholesale Exchange Rates)	SGD $330.70	+0.13%
Money Changer	SGD $334.39	+1.23%

Rates accurate to 8 Jan 18, 4:02 am UTC

Who manages the Wholesale Exchange Rates?

YouTrip’s Wholesale Exchange Rates are managed by the YouTrip platform with foreign currency partners and Mastercard®, typically with a marginal difference of only 0.1% to 0.4%.

Can I look at the Wholesale Exchange Rates?

Yes, you can check the live rates for the 10 selected currencies in the YouTrip app:

SGD, USD, EUR, GBP, JPY, HKD, AUD, NZD, CHF, SEK.

You can exchange and store any of these 10 currencies in your YouTrip account anytime, anywhere.

Do the other 140+ currencies have Wholesale Exchange Rates too?

Yes, when you use your YouTrip card to make payment with the remaining 140+ currencies, our SmartExchange™ will be activated automatically to convert your currency for you with Wholesale Exchange Rates.

What are the other 140+ currencies?

MYR, THB, CNY, IDR, INR, PHP, TWD, KRW, VND, CAD, AED, AFN, ALL, AMD, ANG, AOA, ARS, AUD, AWG, AZN, BAM, BBD, BDT, BGN, BHD, BIF, BMD, BND, BOB, BRL, BSD, BTN, BWP, BYN, BZD, CDF, CHF, CLP, COP, CRC, CUP, CVE, CZK, DJF, DKK, DOP, DZD, EGP, ETB, EUR, FJD, FKP, GBP, GEL, GHS, GIP, GMD, GNF, GTQ, GYD, HKD, HNL, HRK, HTG, HUF, ILS, IQD, ISK, JMD, JOD, JPY, KES, KGS, KHR, KMF, KWD, KYD, KZT, LAK, LBP, LKR, LRD, LSL, LYD, MAD, MDL, MGA, MKD, MMK, MNT, MOP, MRO, MUR, MVR, MWK, MXN, MZN, NAD, NGN, NIO, NOK, NPR, NZD, OMR, PAB, PEN, PGK, PKR, PLN, PYG, QAR, RON, RSD, RUB, RWF, SAR, SBD, SCR, SEK, SGD, SHP, SLL, SOS, SRD, SSP, STD, SVC, SZL, TJS, TMT, TND, TOP, TRY, TTD, TZS, UAH, UGX, USD, UYU, UZS, VEF, VUV, WST, XAF, XCD, XOF, XPF, YER, ZAR, ZMW.

For example, when you’re paying for your skincare products in Seoul with your YouTrip card, the SmartExchange™ function will convert your SGD into Korean Won (KRW) through Wholesale Exchange Rates automatically.