Community

Where’s My Korean Won and Thai Baht? (and 140+ Currencies)

Douglas Yong
1 February 2019

“I’m flying to South Korea soon, but I can’t find the Korean Won in my YouTrip app!”

Many YouTroopers have slid into our DMs, asking why are there only 10 currencies in their YouTrip app. What happened to the rest? Is there a glitch or what?

Don’t worry! The 10 currencies (SGD, USD, EUR, GBP, JPY, HKD, AUD, NZD, CHF, SEK) you see in-app are the top most-traded currencies in the world, and you have the advantage to exchange and store them in real time.

Read: Fluctuating Exchange Rates and How to Take Advantage

The remaining 140+ currencies, including the popular Malaysian Ringgit (MYR), Korean Won (KRW) and Thai Baht (THB), are not available for storage. However, when you spend in these currencies, you will still get to enjoy the same Wholesale Exchange Rates that’s managed by the YouTrip platform with our foreign currency partners and Mastercard®.

Simply top up sufficient Singapore Dollars (SGD) in your YouTrip mobile wallet and you’re ready to spend anywhere.

But I still want to see the rates though!

So you’re in Seoul right now and ready to purchase your skincare haul of KRW ₩160,000 – and you wondering how much that is in SGD. Never ask to be charged in SGD, that’s a DCC trap you’d want to avoid.

Instead, follow this guide to check YouTrip’s competitive Wholesale Exchange Rates:

Access Mastercard® Currency Converter on Desktop

Select foreign currency (eg. KRW)
Enter the amount
Enter 0 for bank fee
Select home currency (SGD)

Mastercard® Currency Converter on Desktop

Access Mastercard® Currency Converter on Mobile

Select foreign currency (eg. KRW)
Enter the amount
Enter 0 for bank fee
Select home currency (SGD)

Mastercard® Currency Converter on Mobile

How good are these rates, really?

In short: REALLY GOOD. Here’s a quick comparison:

KRW ₩160,000
Google Rates	SGD $193.33	+0%
YouTrip (Wholesale Exchange Rates)	SGD $194.99	+0.85%
Money Changer	SGD $198.54	+2.62%

As promised, YouTrip’s rates remain very close to Google’s published rates, with only a marginal 0.85% difference for the Korean Won on this particular day.

How about other currencies like Malaysian Ringgit and Thai Baht?

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%

THB ฿10,000
Google Rates	SGD $423.67	+0%
YouTrip (Wholesale Exchange Rates)	SGD $425.22	+0.36%
Money Changer	SGD $437.34	+3.12%

Exchange rates accurate to 8 Jan 18, 4:02 am UTC

Again, YouTrip rates remain closest to Google rates, with only a marginal difference of 0.13% for Malaysian Ringgit and 0.36% for Thai Baht. What’s more, there are no fees when you use YouTrip, so you can spend anywhere in the world with a peace of mind.