It is the foreign exchange rate used by banks, large corporations and public & private institutions for large volume currency transaction. In the simplest term, it is the real-time exchange rate that is very close to published rates on Google, XE.com and other financial sites.
YouTrip’s wholesale exchange rate is managed by the YouTrip platform with our foreign currency partners and Mastercard®, typically with a marginal difference of 0.1%. You can check the live rates for the 10 currencies available for in-app exchange in the YouTrip app at any time. For the other 140+ no-fee currencies that can be used with your YouTrip card, please refer to the Mastercard calculator to get the no-fee wholesale exchange rate and refer to this article of how your Mastercard wholesale exchange rate is reflected and updated in app.
Please ensure that you input “0” in the ‘Bank Fee’ field.