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OANDA Exchange Rates Powers Global Business
|By Business Wire
|April 29, 2014 06:01 AM EDT
OANDA, a global provider of innovative foreign
exchange trading services, is pleased to introduce a refreshed
version of its authoritative Exchange Rates for Business service.
Leveraging the world’s largest and most accurate database of currency
rates, OANDA Exchange Rates provides businesses across all industries
with automated global exchange rate information for corporate planning,
finance, and e-commerce systems.
Easily integrated with most enterprise resource planning (ERP) and
management software suites including Oracle, NetSuite, PeopleSoft,
Microsoft Dynamics, and SAP, OANDA’s Exchange
Rates database enables businesses to book daily international
transactions, conduct month-end reporting, and perform expense
reporting. Fully automated and without any human intervention, Exchange
Rates is audit compliant.
"Whether your customer is a global corporation, or a single consumer
living on the other side of the world, having access to audit compliant
and automated currency information provides a tremendous business
advantage," said Trevor Young, Vice President of Product Management,
OANDA Corporation. "By leveraging the power of OANDA Exchange Rates,
businesses that operate in multiple geographies save time and money
across business processes, increasing their bottom line in import and
OANDA’s Exchange Rates provides businesses with unlimited data for 190
currencies dating back to January 1990. It delivers rates in several
different data formats (JSON, XML, and CSV) that are recognized by most
ERP, accounting, and finance packages. It provides daily average, high
and low bid and ask rates, midpoints, as well as weekly and monthly
“We are the currency authority for the ‘Big Four’ accounting firms, as
well as tax authorities, and financial institutions worldwide; leading
software providers trust OANDA Exchange Rates, and several globally
recognized companies include our offering in their e-commerce platforms
– none of that is by accident,” said Ed Eger, President and CEO, OANDA
Corporation. “Currency data is our legacy business. We were the first to
make comprehensive currency exchange information available over the
Internet in 1995 and we continue to be ranked No. 1 online for currency
For a free trial and more information, please visit www.oanda.com/rates.
Follow OANDA on Twitter,
OANDA (Canada) Corporation ULC is a member of the Canadian Investor
Protection Fund and is fully regulated by the Investment Industry
Regulatory Organization of Canada (IIROC).
OANDA Corporation transformed the business of foreign exchange through
an innovative approach to forex trading. The company’s industry leading online
trading platform, fxTrade, introduced a number of firsts to the
marketplace, including immediate execution; instant settlement on
trades; trades of any size between one unit and 10 million units; and
interest calculated by the second. The company’s many awards attest to
the power and flexibility of its trading platform. In 2013, OANDA was
honored with nearly a dozen awards, including Best Trade Execution
Provider, Best Retail Trading Platform and Best Mobile Trading Platform
by International Finance Magazine; as well as Best Value for Money by
Investment Trends in each the U.S., UK, and Asia Pacific markets.
OANDA was the first online provider of comprehensive currency
exchange information, and today the company’s OANDA Rate® data
provides benchmark rates for corporations, auditing firms, and global
OANDA has seven offices worldwide, in Chicago, Boston, New York, London,
Singapore, Tokyo, and Toronto. OANDA is regulated by the U.S. Commodity
Futures Trading Commission (CFTC), the U.S. National Futures Association
(NFA), the Monetary Authority of Singapore (MAS), the Investment
Industry Regulatory Organization of Canada (IIROC), the UK Financial
Conduct Authority (FCA), and the Japanese Financial Services Agency
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