Multi-currency
Hold, convert, and pay in multiple currencies
One account for all your business currencies, synced to Xero automatically.
Hold — A separate balance for each currency
Convert — Swap between currencies at a locked rate
Reconcile — Auto-sync to Xero
Currently in pilot. For this product, we onboard companies that also have a legal entity outside Indonesia, such as Singapore.
Convert between currencies in seconds
Pick the currency to convert from and to, enter an amount, and Monit shows the real-time rate and exactly what you will receive. The rate is locked while you review, so the number you see is the number you get.
Convert when the rate works for you and keep the proceeds for upcoming payments. Your finance team decides when and how much to convert.
Pay vendors in their currency, without double conversion
When a vendor bills in SGD, pay straight from your SGD balance. Funds never round-trip through IDR and back, so you avoid the FX spread and extra fees on both legs.
Payments still follow the same approval flow as Monit account payable and international payment.
Auto-reconcile with Xero
Connect Monit to Xero and each currency balance maps to its matching Xero bank account. Payments, receipts, and conversions sync automatically with the exact FX rate used.
No more keying in exchange rates or matching statements at month end. Learn more about Monit accounting integrations.
Licensed and safeguarded
Partnered with an MAS licence holder
This product is offered with a partner that holds a Major Payment Institution licence from the Monetary Authority of Singapore (MAS).
Funds held at a tier-1 bank
All customer funds are safeguarded in a tier-1 bank in Singapore.
ISO/IEC 27001:2022
Certified
PCI DSS
CompliantBuilt for businesses that work across borders
Importers and exporters
Collect from overseas buyers and pay suppliers in the same currency, without converting back and forth.
Global software subscriptions
Keep a USD balance for cloud, SaaS, and ad bills so monthly costs do not swing with the exchange rate.
Groups with regional entities
Manage funds for entities in Singapore, Europe, and Indonesia from one dashboard, with books that stay clean in Xero.