Xe.com (Xe) is a Canada-based online

foreign exchange The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all as ...

tools and services company headquartered in

Newmarket, Ontario Newmarket ( 2021 population: 87,942) is a town and regional seat of the Regional Municipality of York in the Canadian province of Ontario. It is part of Greater Toronto in the Golden Horseshoe region of Southern Ontario. The name stems from the ...

. It is best known for its online currency converter application offers exchange rate information, international money transfers, and other currency-related services via its website, mobile apps, and other online channels. It has been a subsidiary of

Euronet Worldwide Euronet Worldwide is an American provider of global electronic payment services with headquarters in Leawood, Kansas. It offers automated teller machines (ATM), point of sale (POS) services, credit/debit card services, currency exchange and oth ...

since 2015. , independent ranking site

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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. As of 2016, Xe claimed that its services attracted over 280 million unique visitors annually.

History

Xe's name at founding was Xenon Laboratories Incorporated and originally, the company provided computer consulting and

Internet The Internet (or internet) is the global system of interconnected computer networks that uses the Internet protocol suite (TCP/IP) to communicate between networks and devices. It is a '' network of networks'' that consists of private, pub ...

services to businesses. In December 1994, the company registered the

domain name A domain name is a string that identifies a realm of administrative autonomy, authority or control within the Internet. Domain names are often used to identify services provided through the Internet, such as websites, email services and more. As ...

Xe.com, choosing the letters Xe from the two-letter

atomic symbol Chemical symbols are the abbreviations used in chemistry for chemical elements, functional groups and chemical compounds. Element symbols for chemical elements normally consist of one or two letters from the Latin alphabet and are written with th ...

for

Xenon Xenon is a chemical element with the symbol Xe and atomic number 54. It is a dense, colorless, odorless noble gas found in Earth's atmosphere in trace amounts. Although generally unreactive, it can undergo a few chemical reactions such as the ...

. A year later, the company launched a

currency converter In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of ...

, 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. In 2016, Xe Trade was rebranded as Xe Money Transfer. Offered online, this service allows both consumers and businesses to send funds internationally. On July 6, 2015, electronic payments provider Euronet Worldwide, Inc. announced that it had acquired Xe. In December 2018, Xe merged with sister company

HiFX HiFX is a UK-based foreign exchange broker and payments provider that has been owned by Euronet Worldwide since 2014. The company provides foreign exchange and international money transfer services to individuals and corporate customers. One ...

and the two companies will continue to do business under the Xe brand name.

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. The website also offers free historical charts and rate tables. 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 The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all as ...

currency news. In 2009, the company introduced a free

mobile app A mobile application or app is a computer program or software application designed to run on a mobile device such as a phone, tablet, or watch. Mobile applications often stand in contrast to desktop applications which are designed to run on d ...

(Xe Currency) on

iOS iOS (formerly iPhone OS) is a mobile operating system created and developed by Apple Inc. exclusively for its hardware. It is the operating system that powers many of the company's mobile devices, including the iPhone; the term also includes ...

, Android,

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Windows 8 Windows 8 is a major release of the Windows NT operating system developed by Microsoft. It was Software release life cycle#Release to manufacturing (RTM), released to manufacturing on August 1, 2012; it was subsequently made available for downl ...

, and

Firefox OS Firefox OS (project name: ''Boot to Gecko'', also known as ''B2G'') is a discontinued open-source operating system made for smartphones, tablet computers, smart TVs, and dongles designed by Mozilla and external contributors. It is based on the ...

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

{{DEFAULTSORT:Xe.Com Online remittance providers Foreign exchange companies Canadian companies established in 1993 Financial services companies established in 1993 Companies based in Newmarket, Ontario Financial services companies of Canada 1993 establishments in Ontario 2015 mergers and acquisitions Canadian subsidiaries of foreign companies