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What is Oanda rates®?

OANDA Rates® cover 38,000 FX currency pairs, and are easily downloadable into an Excel ready, CSV formatted file. This tool is ideal for auditors, CPAs, tax professionals, and anyone who needs accurate and authoritative foreign exchange data for spot checking, analysis, and reporting.

Does Bankrate use Oanda rates?

Bankrate’s currency converter uses OANDA Rates™ which have been compiled from leading market data and are trusted by worldwide corporations and authorities. If you're not careful, currency conversion fees can cost more than you expect. To get the best bang for your U.S. dollar abroad, update your knowledge of currency exchange.

How are Oanda rates calculated?

OANDA Rates® are calculated daily (Monday through Friday) and represent the previous 24 hour period aligned to UTC-midnight (8:00 PM Eastern Time). Bid, ask, and midpoint rates for the day are published and available no later than 10:00 PM Eastern Time. Pick your base currency and the currency (or currencies) you want converted.

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