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Clients can convert funds to Indonesian Rupiah (IDR), Indian Rupee (INR), Malaysian Ringgit (MYR) or Philippine Peso (PHP) for payments to these four countries.

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Supported Currency Pairs

Conversions are available from:
  • US Dollar (USD)
  • UK Sterling (GBP)
  • Euro (EUR)
  • Australian Dollar (AUD)
  • Canadian Dollar (CAD)
to any of the four APAC currencies listed above.

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Weekend Trading

Yes, it is possible to get rates and trade the pairs listed above over the weekend.

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FX Tenors

T+0, T+1 (default), and T+2 are supported. Forwards are not available.

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Payment Costs

No, the recipient receives the full payment amount.

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Maximum Transaction Limits

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Payment Type Restrictions

Loan payments to Indian businesses and INR payments from India-domiciled senders are prohibited. Other business and all individual payments are permitted.

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Currency Conversion Back

These currencies may be converted back only in exceptional cases when payments fail and remaining funds must be recovered.

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Balance Holdings

No, you need to pay all funds immediately. Balances held over five days may be automatically converted.

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Failed Conversions

Failure to fund by settlement cutoff results in cancellation. Missed conversions may trigger automatic conversion subject to exchange rate changes.

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Local Payment Rails

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Additional Notes

  • Payment traces and recalls are not supported for these currencies
  • These currencies are not available by default and must be requested
  • Access requires contacting support or a customer success manager