XE Currency Exchange
There are several ways in which you can use the tool, including performing currency and foreign exchange rate calculations directly on the site, as well as using live, up-to-the-minute mid-market currency rates. These mid-market rates are neither "buy" rates nor "sell" rates. Instead, they have been derived from the mid-point between the buy and sell rates from the global currency markets. To get the data, they obtain the rates from a wide variety of sources. For one, they have proprietary systems that use these sources and automatically detect errors in the individual feeds. This also means the mid-market data is more timely and accurate than many of the individual feeds. Their ambition is to use as much as possible live, real-time rates, which is why their data sources are global in nature. If a currency pair is not regularly traded, the company uses the most recent data available. They also incorporate data from Tenfore Systems as one of our preferred data sources. If you travel frequently, you can subscribe to the data feed of free rates by e-mail, which gives you regular updates as to what has been the prevailing rate. Since their inception, the website xe.com has expanded beyond just offering information, and now also provides global payments and transfers on-line with guaranteed rates, with the name XE Trade. |