XE.com

XE.com Inc.
Public Company
Industry Foreign Exchange Services
Financial Services
Founded Newmarket, Ontario, Canada (1993)
Founder Steven Dengler
Beric Farmer
Headquarters Newmarket, Ontario, Canada
Area served
 Worldwide
Key people
 Steven Dengler, Co-founder & Director
Beric Farmer, Co-founder, President & CEO
Products
  • XE Currency Converter
  • XE Currency Data
  • XE Money Transfer
  • XE Currency App
Number of employees
 50-60
Parent Euronet Worldwide
Website www.xe.com

XE.com (XE) is a Canadian-based online foreign exchange tools and services company headquartered in Newmarket, Ontario. It is best known for its online currency converter application and offers exchange rate information, international money transfers, and other currency-related services on its website.[1] As of early 2013, independent ranking site Alexa ranked XE in the top 500 of all sites worldwide by traffic, and a top 100 traffic site in Ireland, South Africa, and the UAE.[2] XE.com has over 275 million unique visitors each year.

History

XE.com was founded in 1993 by Steven Dengler, who currently serves as Director, and Beric Farmer, who currently serves as President and CEO. Its name at founding was Xenon Laboratories Incorporated and originally, the company provided computer consulting and internet services to businesses.[3] In December 1994, the company registered the domain name XE.com, choosing the letters XE from the two-letter atomic symbol for Xenon. A year later, the company launched a currency converter, providing live currency information online. In early 2001, as the Internet became more prevalent, the company formally changed its name to XE.com Inc. and focused its efforts on its website and online currency tools. In 2002, XE launched an international money transfer service called XE Money Transfer. Offered online, this service allowed both consumers and businesses to send funds internationally.[4]

On July 06, 2015, electronic payments provider Euronet Worldwide, Inc. acquired XE.[5]

Services

XE.com offers various free online currency tools, including the XE Currency Converter which allows visitors to check live exchange rates of any world currency.[6] The website also offers free historical charts and rate tables.[3] The company provides a foreign exchange service (XE Money Transfer) and a commercial currency data feed service (XE Currency Data) that offers accurate and reliable exchange rates for businesses. Other features include customized converters, a currency encyclopedia, travel expense calculator, and forex currency news.[7] In 2010, the company introduced a free mobile app (XE Currency)[8] which is available on iOS, Android, BlackBerry, Windows Phone, Windows 8, and Firefox OS devices. In early 2013, a paid version (XE Currency Pro) was made available for iPhone users. In September 2016, the XE Currency App reached over 55 million downloads.

References

  1. ↑ "In the race to hire the best, small firms pick up speed". The Globe and Mail. Toronto. Retrieved 2008-09-22.
  2. ↑ "XE.com – Traffic Details from Alexa". Retrieved 2009-02-13.
  3. 1 2 "Currency Giant XE.com Built on Friendship, Perseverance" (PDF). Retrieved 2013-02-11.
  4. ↑ "About XE". Retrieved 2008-08-22.
  5. ↑ http://ir.euronetworldwide.com/releasedetail.cfm?ReleaseID=920834
  6. ↑ "10 travel websites that can save you money". The Star. Toronto. 2010-06-11. Retrieved 2013-02-18.
  7. ↑ "Site Converts $1 Into Any Currency" (PDF). Retrieved 2013-02-28.
  8. ↑ "APP OF THE DAY: XE Currency". Retrieved 2013-02-28.
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