XE Currency Data API - FAQ

Are there any restrictions on using XE Currency Data?

Answer

You can preview a sample of the full XE Currency Data Feed API License Agreement. here is an overview of some of the key terms on the use of the XE Currency Data API.

You must specify a “Permitted Application”. Permitted Application means a single software application used by You for a specific business product, service, process, or function. You are permitted to use the XE Data in Your Permitted Application for reference by Your End Users. Under no circumstances whatsoever may you transfer or permit the transfer of XE Data outside of Your Permitted Application. The XE Data and the XE Currency Data Feed API may not be shared between Permitted Applications and use of the XE Data and the XE Currency Data Feed API in another Permitted Application requires a separate XE Currency Data Feed API License.

You are permitted solely to use the XE Data in your Permitted Application for reference by your end users. You may not transfer or permit the transfer of XE Data outside of your Permitted Application. The XE Data and the XE Currency Data Feed API may not be shared between Permitted Applications. The data is licensed to you, not sold. So you do not become the owner of the data, and you cannot redistribute it or resell it.

You are not permitted to cache any XE Data in your Permitted Application, unless (a) you subscribe to an Enterprise level package, or you obtain the written permission of XE, and (b) you abide by XE’s terms and conditions applicable to the caching of such data.

Credit must be given to XE as the source of the XE Data. This notice must be a clickable hyperlink to XE’s website using one of the agreed wordings noted in the attribution section of the API license agreement.

You are not permitted to use XE Data for the purposes of trading securities. The rates provided in the Currency Data API are neither “buy” rates nor “sell” rates (bid/ask); they are “mid-market” rates. Mid-market rates are derived from the mid-point between the buy and sell rates of large-value transactions in the global currency markets. As per section 2.1 of our agreement our rates are not suitable for use by professional traders.

Our collective legal bases must be covered. You must ensure that use of our data, or using services employing our data, are governed by our End User Terms of Use. This is for our protection and for yours as well. Nobody wants to defend against a lawsuit because someone slipped a decimal point or misunderstood what an inverse is. People need to use the currency data and services at their own risk. Covering our legal bases is not hard to do. You can place a hyperlink to our terms on your own legal page for the services in question. Or you can put a link to our terms at the bottom of the page that uses them. You can even include the text of the full terms as part of your own clickthrough agreement.

These are just a few of the key terms of the service. Please be sure to read the full XE Currency Data Feed API License Agreement before ordering.


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