OANDA Revamps Exchange Rates for Business Service

Foreign exchange (FX) trading services provider OANDA has launched a refreshed version of its Exchange Rates for Business service.

The service provides businesses across all industries with unlimited data for 190 currencies dating back to January 1990. It delivers rates in several different data formats (JavaScript Object Notation (JSON), extensible markup language (XML), and comma separated value (CSV)) that are recognised by most enterprise resource planning (ERP), accounting, and finance packages. It provides daily average, high and low bid and ask rates, midpoints, as well as weekly and monthly averages.

The database is easily integrated with most ERP and management software suites including Oracle, NetSuite, PeopleSoft, Microsoft Dynamics, and SAP. Businesses can book daily international transactions, conduct month-end reporting, and perform expense reporting. Fully automated and without any human intervention, the service is also 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.

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