Oanda was co-founded by Dr. Richard Olsen, an economist, and Dr. Michael Stumm, a computer scientist, in 1996. It was built on the principle that technology and internet can open up the markets for trading and data while providing fair access to everyone. The company was the first one to provide comprehensive currency exchange information over the internet and develop internet-based currency trading.
In the last two decades, Oanda has grown from a tech startup to a leading worldwide corporation with offices in eight major financial centers, memberships with six major regulators, clients in more than 196 countries, and customer service available in nine languages. Oanda is a proud possessor of the world’s most accurate and largest database of forex rates. It is the widely-trusted provider of CFD and forex trading, forex transfers for small corporations and businesses, and exchange rate data. Dealing with Oanda can get you access to its innovative tools such as automated technical analysis, trader sentiment, advanced charting and market commentary.
Oanda money converter tools use Oanda Rates that are the touchstone foreign exchange rates compiled by leading market data contributors. Its rates are quite reliable and are used by major corporations, auditing firms, tax authorities, and individuals all over the world. These rates are regularly filtered to provide conversions for more than 190 currencies and four metals. Moreover, Oanda offers you the option to add a percentage to approximate the actual rate that your credit card company or bank charges you. You can use Oanda money converters at any time by simple downloading the app on your phone.