OANDA Exchange Rates Powers Global Business

London - 7 May 2014

E-businesses, accounting firms, and tax authorities trust OANDA’s robust, reliable, and compliant currency exchange data 

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.”

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