diff --git a/desktop/src/main/java/bisq/desktop/main/offer/offerbook/OfferBookView.java b/desktop/src/main/java/bisq/desktop/main/offer/offerbook/OfferBookView.java
index e1133a16b24..417fe20730d 100644
--- a/desktop/src/main/java/bisq/desktop/main/offer/offerbook/OfferBookView.java
+++ b/desktop/src/main/java/bisq/desktop/main/offer/offerbook/OfferBookView.java
@@ -324,11 +324,8 @@ protected void activate() {
                 currencyComboBox.getSelectionModel().select(SHOW_ALL);
             model.onSetTradeCurrency(currencyComboBox.getSelectionModel().getSelectedItem());
         });
+        updateCurrencyComboBoxFromModel();
 
-        if (model.showAllTradeCurrenciesProperty.get())
-            currencyComboBox.getSelectionModel().select(SHOW_ALL);
-        else
-            currencyComboBox.getSelectionModel().select(model.getSelectedTradeCurrency());
         currencyComboBox.getEditor().setText(new CurrencyStringConverter(currencyComboBox).toString(currencyComboBox.getSelectionModel().getSelectedItem()));
 
         volumeColumn.sortableProperty().bind(model.showAllTradeCurrenciesProperty.not());
@@ -359,6 +356,7 @@ protected void activate() {
             if (paymentMethodComboBox.getEditor().getText().isEmpty())
                 paymentMethodComboBox.getSelectionModel().select(SHOW_ALL);
             model.onSetPaymentMethod(paymentMethodComboBox.getSelectionModel().getSelectedItem());
+            updateCurrencyComboBoxFromModel();
             updateSigningStateColumn();
         });
 
@@ -405,6 +403,14 @@ protected void activate() {
         model.priceFeedService.updateCounterProperty().addListener(priceFeedUpdateCounterListener);
     }
 
+    private void updateCurrencyComboBoxFromModel() {
+        if (model.showAllTradeCurrenciesProperty.get()) {
+            currencyComboBox.getSelectionModel().select(SHOW_ALL);
+        } else {
+            currencyComboBox.getSelectionModel().select(model.getSelectedTradeCurrency());
+        }
+    }
+
     private void updateSigningStateColumn() {
         if (model.hasSelectionAccountSigning()) {
             if (!tableView.getColumns().contains(signingStateColumn)) {
diff --git a/desktop/src/main/java/bisq/desktop/main/offer/offerbook/OfferBookViewModel.java b/desktop/src/main/java/bisq/desktop/main/offer/offerbook/OfferBookViewModel.java
index 98737f4036c..72ad32fd20e 100644
--- a/desktop/src/main/java/bisq/desktop/main/offer/offerbook/OfferBookViewModel.java
+++ b/desktop/src/main/java/bisq/desktop/main/offer/offerbook/OfferBookViewModel.java
@@ -281,10 +281,17 @@ void onSetPaymentMethod(PaymentMethod paymentMethod) {
             return;
 
         showAllPaymentMethods = isShowAllEntry(paymentMethod.getId());
-        if (!showAllPaymentMethods)
+        if (!showAllPaymentMethods) {
             this.selectedPaymentMethod = paymentMethod;
-        else
+
+            // If we select TransferWise we switch to show all currencies as TransferWise supports
+            // sending to most currencies.
+            if (paymentMethod.getId().equals(PaymentMethod.TRANSFERWISE_ID)) {
+                onSetTradeCurrency(new CryptoCurrency(GUIUtil.SHOW_ALL_FLAG, ""));
+            }
+        } else {
             this.selectedPaymentMethod = PaymentMethod.getDummyPaymentMethod(GUIUtil.SHOW_ALL_FLAG);
+        }
 
         applyFilterPredicate();
     }