Thank you for your interest in XE.com, the world's favorite currency site. We hope you enjoy our company update.
XE Powers Ahead
In Q1, we went into high gear resulting in unprecedented growth. We signed Interactive Data to supplement our rates, released two new products - XE Forex News, and XE Cash - and partnered with CreditCards.com to offer targeted credit card products. Revenue from our partnership with FXCM has increased 500% in the first two months of 2008 compared to the same period in 2007, and XE Trade celebrated 6 years of successful operation.
In addition, market volatility has caused foreign exchange to dominate news headlines. The attention has amplified demand for our services and reinforced our position as the principal currency site on the Internet. In Q1, we served 741 million page views - an increase of 89% over Q1 2007.
Interactive Data to supplement XE rates
We are pleased to announce that we have signed Interactive Data to our proprietary multi-feed currency rate infrastructure. They are a leading provider of financial market data, analytics and related services. Interactive Data will deliver forex data for more than 170 global currencies and rates for up to 1,200 currency pairs.
Our advanced systems factor in multiple sources and automatically correct errors. Interactive Data is another source of high-quality data to join the ranks of our other quality feed providers. Read the press release
New XE Forex News draws significant traffic
Since its October 2007 launch, the beta version of our new XE Forex News has been receiving thousands of daily visits. With multiple news feeds - including respected sources like Thompson Financial, Associated Press, XFN-Asia, and DailyFX - it's no surprise that people are gravitating towards our first-rate foreign exchange news.
In the near future, we plan to promote XE Forex News from its beta status and expand the service to include a news headline application, RSS, guest authors, article discussion, and syndication.
FXCM Currency Trading Relationship Grows by 500%
In late 2006, we partnered with FXCM to promote their currency trading services on our site. In the first two months of 2008, revenue increased by 500% compared to the same period in 2007.
"Our partnership with XE.com is very important to FXCM," said Mark Prosser, Chief Marketing Officer of FXCM. "XE is our largest source of retail client leads. We look forward to continuing to work with them to fully develop the opportunity."
We recently launched a series of currency trading articles to inform people about currency trading, and to promote FXCM's services. The articles incorporate dynamic forex tools such as Forex News headlines, Live Currency Rates, and Central Bank Rates. Read our Currency Trading Articles
XE Launches Foreign Cash Delivery with Travelex
Launching XE Cash, in association with Travelex, is one of our most exciting ventures to date. This new service, launched in February, lets people buy foreign cash online with next day delivery right to their door. The best part? People can order foreign cash without the hassles of opening an account. XE Cash is quick, easy, and convenient, and we are certain that it will be a hit with our users.
The service is still new, and is currently only available to US and Canadian customers; but initial results are promising. Expansion of the service to the UK is in the works. Visit XE Cash
CreditCards.com partners with XE to offer credit cards
We have partnered with Austin-based CreditCards.com to bring targeted credit card offers to our user base. This campaign, comprising credit card products related to travel and international purchases, is geotargeted to American users.
"The first two months have proven successful. We are excited to be working with XE and look forward to further developing the relationship." said Wendy Stahl, Vice President of Corporate Development. The relationship was launched in February and has attracted significant interest.
XE Trade Global Payments marks 6th Anniversary
XE Trade, presented in alliance with Custom House, enables users to make payments and transfers all over the world. This March, we celebrated 6 years of successful operation since its 2002 launch.
"There exists no more important partner for Custom House than XE.com," said Peter Ciceri, President of Custom House. "We are committed to doing everything we can to reinforce their strong value proposition, market reach and product offering."
XE Trade currently processes about $1B in annual volume and is growing steadily. The service is currently undergoing a major upgrade, including a significant expansion of the currencies available for trade. The new and improved XE Trade will be available soon. Visit XE Trade
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