OANDA Introduces fxPense For Business Travelers

International and Domestic Travelers Now Able to File Expense Reports and Convert Foreign Currency Online

NEW YORK - November 13 - OANDA Corporation, the Internet's leading provider of currency localization tools, information and transaction services today announced the availability of fxPense™, a free online Expense Report Manager for business travelers.

Designed for the international and domestic business traveler, FXPense automatically calculates exchange rates for 164 currencies, and enables travelers to add expenses and file reports in their home currency. Business travelers simply input the date of purchase, and OANDA's Expense Report Manager automatically retrieves the currency exchange rates for that date from its exchange servers when calculating the total of foreign expenses.

"For business travelers, especially those traveling internationally, convenience and speed are top priorities. By enabling travelers to initiate expense reports from the airport, hotel room or taxi cab, we allow them to utilize their time more productively," said Jeffrey Hunter, EVP of OANDA. "With fxPense, business travelers can replace traditional paper-based methods of filing expense reports with an efficient and user-friendly Web-based application that lets them quickly calculate international currency exchange rates and file expense reports with the click of a button."

FXPense also comes with additional features such as "Remember My Info" functionality, which automatically fills in the name, company, email and company logo once initially entered in to the system. The system's itemized expense details make it easier for printing and submission for reimbursement, and its additional help functionality illustrates how charges are calculated through an easy to access "Payment Method and Rate" link. To make record keeping more convenient, expense reports can also be converted and saved as Microsoft® Excel files.

FXPense is available immediately and is compatible with existing FXTechnologies.

About OANDA
OANDA is a leading provider of currency conversion and localization applications for owners of e-commerce web sites, the travel industry and the financial community. Established in late 1996, OANDA intends to offer online, real-time trade execution for currencies in the first quarter of 2001. With over 13,000 customers using its applications and currency information and over 10 million page views per month on its web network, OANDA is committed to making essential currency information easily accessible to anyone including currency investors and traders, professionals in corporate procurement, business and private individuals who buy and sell globally, or the peripatetic road warrior. Actively providing currency conversion services for the Internet users of CNNfn.com, AOL.com, Alta Vista Concierge.com, Swissair, among others, OANDA has won wide acclaim as the best source for foreign exchange rates. For more information, please visit the company's web site at www.oanda.com.

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