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Xe.com (Xe) is a Canada-based online foreign exchange tools and services company headquartered in Newmarket, Ontario.It is best known for its online currency converter application that offers exchange rate information, international money transfers, and other currency-related services via its website, mobile apps, and other online channels.
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Foreign exchange companies are normally distinct from money transfer companies or remittance companies and bureaux de change as they typically perform high-value transfers unlike their money transfer counterparts that focus on high-volume low-value transfers generally by economic migrants back to their home country or to provide cash for travelers.
“The currency conversion is thus made by the DCC provider, using the DCC provider’s exchange rate, without the customer’s knowledge.” Consumers take a hit to their pocketbooks as a result.
Currency conversion fees, also called foreign currency exchange fees, come in two forms. Both involve charges for converting one currency to another during an international transaction. Credit ...
The company provides wholesale services for financial institutions and other foreign currency exchange companies as well as retail services at branch locations. The company's products and services include the exchange of foreign currencies; wire transfer payments; purchase and sale of foreign bank drafts and international traveler's cheques ...
NEW YORK (Reuters) - U.S. corporations are turning to foreign exchange options again to protect their cash flow as they fear the U.S. presidential election and diverging central bank interest-rate ...
Also in April 2017, the company announced the opening of its APAC hub in Singapore. [23] In 2019, the company announced opening an office in Brussels. [24] In May 2017, the company announced its customers were sending over £1 billion every month using the service, [25] and that the company had turned profitable six years after being founded. [26]