About XE

At XE, our mission is to facilitate global commerce. We are an idea-driven, customer-dedicated, and technology-focused firm with a commitment to creating the best foreign exchange solutions for the world.

As the world's trusted currency authority, ranks among the top 400 sites in the world. We serve over 22 million unique visitors each month with a variety of tools and services including the XE Currency Converter, forex market analysis, and the XE Currency App, which has received over 40 million downloads. Since 2002, XE Money Transfer has processed more than $10 billion in global payments and served thousands of businesses and individuals. Additionally, the XE Currency Data is used by thousands of businesses from SMEs to Fortune 500 companies. As leaders in our industry, we continually strive to be innovative and always work to improve our products.

Top 400website in the world

40+ millionXE Currency app downloads

Over 2000XE Currency Data commercial clients

35klicenses of the XE Currency Converter

$10+ billionin money transfers booked through XE Money Transfer

In 1993, two friends fresh out of university joined forces to start a company. Steven Dengler and Beric Farmer started out from a basement office, offering computer consulting and internet services. A couple of years later, the duo introduced a demo currency converter to show clients how interactive the internet could be. As the years passed, it was clear that they were running the web’s dominant currency tool and started to focus on XE’s currency services. With years of hard work, Steven, Beric, and the XE team cultivated this tool into the world’s largest currency brand - XE. Today, XE is one of the last remaining independent first-wave Internet companies around.

  • 2014
    The XE Currency app reaches over 25 million downloads.
  • 2013
    XE celebrates its 20th anniversary as one of the last remaining independent first-wave Internet companies.
  • 2012
    XE Market Analysis is launched on, giving users daily insights on market activity.
  • 2010
    XE is named Greater Toronto Top Employer and is repeatedly selected in subsequent years.
  • 2009
    The first XE Currency mobile app is launched. It is downloaded a million times in the first year.
  • 2007
    Currency Charts, Graphs, and Forex News are launched on the website.
  • 2005
    XE moves its office once again, this time to Newmarket. The office continues to expand overtime.
  • 2002
    The "Universal Currency Converter" and "XE" are trademarked in Canada. Both are eventually registered in the USA, EU and around the world.
  • 2002
    To meet customers' demands, XE Money Transfer is launched, offering easy and secure online money transfers.
  • 2002
    The company officially changes its name to Inc.
  • 2000
    Xenon Laboratories begin to focus on its currency and foreign exchange tools and services full time.
  • 1995
    The Universal Currency Converter is launched. Within a few years, it becomes the world's most popular currency tool.
  • 1995
    XE moves HQ from the basement of a farmhouse to an office in downtown Toronto.
  • 1993
    Xenon Laboratories Incorporated is founded by two high school friends, Steve and Beric.

Every day, millions of customers from all over the world use XE’s foreign exchange tools and services. Our customers range from individuals looking for exchange rate information to multi-national corporations transferring money abroad.

  • Countries

  • Europe - 20%
  • United Kingdom - 15%
  • United States - 11%
  • India - 11%
  • Canada - 6%
  • Australia - 6%

  • Purpose

  • 54% Personal
  • 21.3% Both
  • 24.3% Work
  • Employment Level

  • 54% Sr. Management+
  • 25% Management
  • 21% Non-Management
  • Household Income

  • $100k+ 40%
  • $75k-$100k 15.5%
  • $60k-$75k 8%

To us, being responsible means engaging with our community and making a commitment to our environment. XE strives to make a positive impact in both our local and global communities and so, we support six principal charities every year. Additionally, every XE team member gets to pick a charity to which we donate $1000 to annually. Here are some of the organizations we sponsor:

We believe that everyone has the responsibility to take care of our environment. That’s why XE uses Bullfrog Power to offset 100% of our energy consumption. Bullfrog Power’s green electricity comes exclusively from wind and hydro facilities that have been certified as low impact by Environment Canada. It’s a small step, but we think it’s important to support clean energy and invest for a greener future.

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