Enhancing financial accuracy with OANDA Exchange Rates API for Microsoft Dynamics 365

In today’s global economy, businesses operate across multiple currencies, markets, and jurisdictions, requiring constant precision in financial reporting. Even the smallest exchange rate discrepancy can cascade into misstatements, compliance issues, or operational inefficiencies. To solve this, OANDA’s Exchange Rates API now integrates seamlessly with Microsoft Dynamics 365 for Financials and Operations, giving organisations automated, audit-trusted access to the most reliable foreign exchange data available.

For finance and treasury teams, this integration means no more manual uploads, no more reliance on disparate data sources, and no more uncertainty around which rates should be used in reconciliation and reporting. Instead, OANDA’s rates now flow directly into the Dynamics 365 environment, ensuring every transaction, conversion, and report reflects accurate and consistent market data.

OANDA has been a trusted name in foreign exchange for more than 25 years, recognised globally for its data accuracy, transparency, and breadth of coverage. Its exchange rate data powers financial statements, tax calculations, and audits for corporations, accounting firms, and government institutions worldwide.

Through this new Dynamics 365 integration, businesses can access:

• 200+ currencies, commodities, and precious metals
  
• 38,000+ currency pairs
  
• 25 central bank rates, including the European Central Bank, Bank of Canada, and Banco de México
  
• Historical data dating back to 1990

Each dataset is derived from OANDA’s proprietary OANDA Rates®, which are widely regarded as the industry’s “gold standard” for exchange rate accuracy. These rates are aggregated from a broad set of market contributors and central bank data, offering an unbiased and transparent reflection of real-world currency values.

For corporate users, this provides the confidence needed for financial reconciliation, transfer pricing, tax compliance, and global risk management - all within their existing ERP system.

Integrating the OANDA Exchange Rates API into Microsoft Dynamics 365 has been designed to be as streamlined and straightforward as possible. Within just a few steps, finance and accounting teams can begin importing rates automatically, eliminating the need for manual data collection or conversion.

Getting started is easy:

1. Start your free trial: Request your API key directly from OANDA through the free trial form. Each key allows for 1,000 quotes during a 30-day period.
   
2. Activate within Dynamics 365: Navigate to General Ledger → Currency → Configure exchange rate providers and select OANDA Rates®.
   
3. Enter your API key: Link your OANDA account to Dynamics 365 and specify which rate data you’d like to import — average, bid, ask, or mid rates, for any period you require.
   
4. Import rates automatically: Run the import process manually or schedule it to update daily, weekly, or across a custom date range.
   

Once configured, the exchange rates are applied directly within Dynamics 365, updating all relevant modules such as general ledger, reporting, and consolidation automatically..

This simple setup not only improves speed and accuracy but also allows teams to operate with complete visibility into the rates used for every financial decision.

Behind every OANDA integration is an infrastructure built for reliability and trust. The OANDA Exchange Rates API is hosted on fully redundant servers with 99.99% uptime, ensuring uninterrupted access to live and historical data. The system operates on secure HTTPS connections and supports multiple data formats - JSON, XML, and CSV - to integrate smoothly into existing financial workflows.

From a governance perspective, OANDA meets the highest global data security standards, including:

• SOC 1 Type II and SOC 2 Type II certification
  
• ISO 27001 compliance
  
• SSAE16 audit requirements

For multinational organisations, these standards matter. They ensure every imported rate can be validated against an audit-trusted source, helping companies meet internal control standards and satisfy external auditors with ease.

The integration between OANDA and Microsoft Dynamics 365 is more than just convenience - it represents a significant step forward in how modern finance functions operate. As businesses expand globally, their ability to make fast, informed decisions relies on real-time, trusted data.

By embedding OANDA’s exchange rates directly into their ERP systems, organisations can:

• Reduce manual workload: Automating the daily import of exchange rates saves hours of manual effort each month.
  
• Minimise risk: By standardising FX data across departments, companies prevent discrepancies between accounting systems, reports, and audits.
  
• Ensure audit transparency: With OANDA Rates®, every value can be traced back to an independently verified data source.
  
• Gain historical context: OANDA’s database includes more than three decades of historical data, enabling year-on-year comparisons and long-term financial analysis.
  
• Streamline multi-currency reporting: Dynamic rate imports ensure global subsidiaries work from the same consistent datasets, simplifying consolidation.

For CFOs and controllers, the integration presents an opportunity to eliminate friction from financial operations and elevate confidence in reported figures.

While built to serve finance and treasury professionals, the OANDA Exchange Rates API also offers flexibility for technical teams managing ERP integrations.

Developers can easily connect to the API through standard REST protocols, with support for both GET and POST methods, and full compatibility with UTC timestamps for consistent reporting. Sample code and developer documentation are available through the OANDA Developer Portal, allowing teams to test integrations and explore advanced rate classes, including:

• Real-time (spot) exchange rates
  
• Forward rates
  
• Tick-by-tick data
  
• OANDA’s forex order book

These advanced datasets are available through OANDA’s Advanced and Custom API plans, which can be tailored to each organisation’s data requirements and reporting cadence.

Accuracy in FX data doesn’t just improve daily accounting - it underpins the credibility of financial statements. For global enterprises, fluctuating currency values can have a measurable impact on margins, tax liabilities, and consolidated results.

By leveraging OANDA’s Exchange Rates API inside Dynamics 365, organisations can:

• Maintain consistency between intercompany transactions and group reporting.
  
• Strengthen transfer pricing documentation with verifiable rate sources.
  
• Reduce the risk of misstatement in multi-currency financials.
  
• Support compliance with IFRS and other global accounting standards.

Whether preparing for an external audit or managing internal reconciliations, teams gain the assurance that their data aligns with the same benchmarks trusted by auditors, regulators, and financial authorities.

Beyond Microsoft Dynamics 365, OANDA continues to expand its integration ecosystem. Through its participation in the Boomi Technology Partner Program, OANDA Data Services now provides automated exchange rate integrations for an even wider range of ERP, treasury, and financial management platforms..

By connecting OANDA’s trusted FX data with Boomi’s AtomSphere™ integration platform, businesses can unify applications, data, and processes across global operations - from treasury and risk management to compliance and reporting.

Together, OANDA and Boomi are helping enterprises simplify cross-border finance, eliminate manual data silos, and gain a single, consistent view of currency performance across all systems.

Businesses interested in improving the accuracy and efficiency of their financial workflows can explore the OANDA Exchange Rates API for Microsoft Dynamics 365 through the Microsoft Marketplace.

To get started:

• Visit the OANDA Exchange Rates API Marketplace page.
  
• Sign up for a free trial to receive your API key.
  
• Follow the simple setup steps to connect OANDA Rates® directly into your Dynamics 365 environment.

With this integration, organisations can modernise their financial systems, reduce risk, and enhance confidence in every transaction - powered by the trusted exchange rate data that OANDA has delivered to the world’s leading institutions for over two decades.

OANDA Data Services provides corporations, tax authorities, and auditing firms with reliable exchange rate data for accurate financial reconciliation, reporting, and compliance. Backed by decades of expertise and trusted by leading companies worldwide, OANDA delivers solutions that integrate seamlessly with ERP, treasury, and financial management systems to simplify global finance.

To learn more, visit oanda.com/fx-for-business/exchange-rates-api.