OANDA Exchange Rates Powers Global Business
E-businesses, accounting firms, and tax authorities trust OANDA’s robust, reliable, and compliant currency exchange data
NEW YORK CITY – April 29, 2014
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 export."
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 averages.
“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 exchange information.”
OANDA Corporation has 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 Exchange Rates® data provides benchmark rates for corporations, auditing firms, and global banks.
OANDA has seven offices worldwide, in Toronto, Chicago, New York, Boston, London, Singapore and Tokyo. 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 (FSA).