XE.com

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XE.com Inc.
Type Private
Industry Foreign Exchange Services
Financial Services
Founded Newmarket, Ontario, Canada (1993)
Founders Steven Dengler
Beric Farmer
Headquarters Newmarket, ON, Canada
Area served Worldwide
Key people Steven Dengler (CEO)
Beric Farmer (President)
Products Currency Converter
Currency Data Feed Services
Foreign Exchange Money Transfers
Employees 20 - 30
Website www.xe.com

XE.com Inc. (XE) is a privately held online foreign exchange tools and services provider. Headquartered in Newmarket, Ontario, XE offers exchange rate information, online money transfers, and other currency-related services.[1] XE claims to be the world's favorite currency site. As of early 2013, independent ranking site Alexa ranks 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]

History[edit]

XE.com was founded in 1993 by Steven Dengler, who currently serves as CEO, and Beric Farmer, who currently serves as President. 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 Trade. Offered online, this service allowed both consumers and businesses to send funds internationally. [4]

Services[edit]

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.[5] The website also offers free historical charts and rate tables.[3] The company provides a foreign exchange service (XE Trade) and a commercial currency data feed service (XE Data Feed). Other features include customized converters, a currency encyclopedia, travel expense calculator, and forex currency news.[6] In 2010, the company introduced a free mobile app (XE Currency)[7] which is available on iOS, Android, BlackBerry, Firefox OS, Windows Phone, and Windows 8 devices. In early 2013, a paid version (XE Currency Pro) was made available for iPhone users.


References[edit]

  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. ^ a b "Currency Giant XE.com Built on Friendship, Perseverance". Retrieved 2013-02-11. 
  4. ^ "About XE". Retrieved 2008-08-22. 
  5. ^ "10 travel websites that can save you money". The Star (Toronto). 2010-06-11. Retrieved 2013-02-18. 
  6. ^ "Site Converts $1 Into Any Currency". Retrieved 2013-02-28. 
  7. ^ "APP OF THE DAY: XE Currency". Retrieved 2013-02-28.