Every foreign currency invoice, consolidated financial statement, and revenue forecast depends on an exchange rate. Yet many finance teams still rely on manually updated spreadsheets or disconnected data sources, creating inconsistencies that complicate reporting and reconciliation. Xe Currency Data provides embedded exchange rates in Microsoft Dynamics 365 Business Central and Finance, delivering validated currency data directly within finance teams' existing systems.
Key Highlights
- Manual exchange rate updates can create reporting discrepancies, reconciliation challenges, and audit risks.
- PwC's 2025 Global Treasury Survey found that 83% of respondents considered foreign exchange risk their most critical economic exposure.
- Xe Currency Data aggregates and validates exchange rates from more than 100 global financial sources and central banks.
- Built-in integrations for Dynamics 365 Business Central and Finance reduce the need for custom API development.
- Consistent currency data supports financial reporting, treasury management, forecasting, billing, and other business processes.
Why Is Manual Exchange Rate Management a Risk?
Managing exchange rates through spreadsheets or disconnected systems can introduce inconsistent data into financial reporting. One department may use a rate downloaded each morning, while another relies on a different provider or an outdated spreadsheet.
For businesses operating across multiple currencies, legal entities, and financial systems, these differences can create significant reporting and compliance challenges.
The scale of the problem is reflected in , which gathered responses from 350 treasury professionals worldwide:
- 83% identified foreign exchange risk as their most critical economic exposure.
- 36% still incorporated manual processes into FX exposure management.
- 65% planned to expand their use of APIs to improve connectivity between financial systems.
These findings highlight the need for reliable, traceable currency data. When the exchange rate used to record a transaction differs from the rate used for month-end revaluation, finance teams may struggle to explain FX gains or losses, investigate margin changes, or respond to audit questions.
How Does Embedded Exchange Rate Data Improve Financial Reporting?
Integrating a consistent exchange rate source into financial systems eliminates the need for separate teams to maintain and reconcile currency data manually.
Instead, validated rates can feed ERP systems, billing platforms, business intelligence dashboards, and treasury models from a shared source.
This improves financial operations in three important ways:
- Consistent reporting: Connected systems reference the same exchange rate data, reducing discrepancies during reconciliation.
- Faster month-end close: Automated updates reduce manual entry and the time spent comparing different versions of exchange rate data.
- Better auditability: Documented rate sources and timestamps make it easier to trace the currency information used in financial calculations.
These improvements help finance teams who manage transactions in multiple currencies spend less time verifying inputs and more time analyzing financial results.
What Does Xe Currency Data Provide?
is a currency data API that provides exchange rates for more than 220 currencies, precious metals, and selected cryptocurrencies.
Xe aggregates information from over 100 global sources and central banks, then cleanses, normalizes, and blends the data. Its validation process detects and filters errors before rates are published.
The service provides four main types of exchange rate data.
Spot Market (Mid-Market) Rates
Current mid-market exchange rates are available with daily, hourly, 15-minute, or minute-level updates, depending on the service plan.
Historical Exchange Rates
Xe maintains an archive of historical mid-market rates going back decades, along with monthly averages. This information supports historical analysis, month-end accounting, and financial restatements.
Central Bank Rates
Official reference rates from approximately 100 central banks support regulatory, tax, and accounting calculations that require an authoritative rate rather than a market rate.
Alternative-Source Rates
Xe also provides rates published by customs authorities, ministries of finance, and similar organizations for markets where official rates come from sources other than central banks.
Additional capabilities include time-frame queries, currency volatility data, and customizable rate margins for pricing applications.
Where Can Businesses Use Automated Currency Data?
A shared exchange rate source can support several business functions that would otherwise maintain separate currency data.
| Business Function | Application |
| Financial reporting and ERP | Currency revaluation and financial consolidation across legal entities |
| Treasury and forecasting | FX exposure analysis and financial planning |
| Business intelligence | Consistent currency inputs for dashboards and KPIs |
| Subscription billing | Multi-currency pricing and revenue recognition |
| E-commerce and marketplaces | Currency conversion for checkout pricing |
| Payments and money transfers | Benchmark rates for pricing, settlement, and reconciliation |
By using consistent exchange rate data across these processes, businesses can reduce the discrepancies and manual reconciliation associated with multiple sources.
How Does Xe Currency Data Integrate with Microsoft Dynamics 365?
Xe provides integrations for Microsoft Dynamics 365 Business Central and Dynamics 365 Finance, allowing organizations to access exchange rate data within their existing ERP environments.
The Xe applications handle the connection to the currency data service, reducing the need to develop and maintain a custom API integration.
Organizations can explore the available integrations through Microsoft Marketplace:
With the integration already available, implementation can focus on licensing, configuration, and selecting the appropriate currency data rather than building the connection from scratch.
How Does the Xe Currency Data API Work?
Xe Currency Data is a REST API accessed over HTTPS, with responses available in JSON, CSV, or XML formats.
The service supports token-based authentication and legacy HTTP Basic authentication, with traffic encrypted using TLS 1.2 or higher. It runs on Amazon Web Services infrastructure and is supported by Xe's 24/7, follow-the-sun support model across North America, Europe, and Asia.
Exchange rates can continue updating through weekends whenever new source data becomes available, with the same validation processes applied.
Businesses can review additional technical information in the .
Why Trust Xe for Business Exchange Rate Data?
and is part of Euronet Worldwide, a NASDAQ-listed financial technology company.
With more than three decades of currency market experience, Xe combines a global network of financial data sources with processes for validating and standardizing exchange rates.
Its currency data service is designed to operate behind business applications, delivering reliable exchange rate inputs without requiring employees to manage the data separately.
Simplify Exchange Rate Management in Dynamics 365
Automating financial processes delivers limited benefits when the exchange rates behind those processes still require manual updates and reconciliation.
Xe Currency Data helps close that gap by providing validated exchange rates directly to the systems finance teams already use, including and .
Automate FX with Embedded Exchange Rates
See how our app simplifies embedded exchange rates in Dynamics 365 Finance and Dynamics 365 Business Central.
Apps also available on the Microsoft Marketplace.
By Xe |
Frequently Asked Questions About Exchange Rates in Dynamics 365
Can exchange rate updates be automated in Microsoft Dynamics 365?
Yes. Xe Currency Data offers integrations for Dynamics 365 Business Central and Dynamics 365 Finance that deliver exchange rate information directly into ERP systems, reducing manual updates and custom integration requirements.
What types of exchange rates does Xe provide?
Xe provides spot market rates, historical rates, central bank reference rates, and alternative-source rates. It also offers monthly averages, currency volatility information, and customizable margins.
How frequently does Xe Currency Data update exchange rates?
Xe offers daily, hourly, 15-minute, and minute-level updates, depending on the selected service plan. Rates may also update during weekends when new source data becomes available.
How does automated exchange rate data help with financial audits?
Automated currency data provides a consistent rate source with documented timestamps, making it easier to trace exchange rates, investigate discrepancies, and support financial reporting.
How many currencies does Xe Currency Data cover?
Xe Currency Data provides exchange rates for more than 220 currencies, along with precious metals and selected cryptocurrencies. Xe aggregates information from over 100 global sources and central banks, then cleanses, normalizes and blends the data. A validation process detects and filters errors before rates are published, so the rates reaching Dynamics 365 Business Central and Dynamics 365 Finance have already been checked.
Where can I get the Xe exchange rate app for Dynamics 365?
Xe publishes its integrations through Microsoft Marketplace: Xe Currency Data for Dynamics 365 Business Central and Xe Currency Data for Dynamics 365 Finance. Because the integration already exists, implementation can focus on licensing, configuration and selecting the appropriate currency data rather than building the connection from scratch. The Xe applications handle the connection to the currency data service.
Why is updating exchange rates manually in spreadsheets a risk?
Managing exchange rates through spreadsheets or disconnected systems can introduce inconsistent data into financial reporting. One department may use a rate downloaded each morning while another relies on a different provider or an outdated spreadsheet. For businesses with multiple currencies, legal entities and systems, this can create reporting and compliance problems, including difficulty explaining FX gains or losses and answering audit questions.
Does Xe provide central bank rates for tax and regulatory reporting?
Yes. Xe Currency Data includes official reference rates from approximately 100 central banks, supporting regulatory, tax and accounting calculations that require an authoritative rate rather than a market rate. Xe also provides alternative-source rates published by customs authorities, ministries of finance and similar organisations, for markets where official rates come from sources other than central banks.
Can I get historical exchange rates for month-end close and restatements?
Yes. Xe maintains an archive of historical mid-market rates going back decades, along with monthly averages. This information supports historical analysis, month-end accounting and financial restatements. Documented rate sources and timestamps also make it easier to trace the currency information used in financial calculations, which helps finance teams explain differences between transaction rates and month-end revaluation rates.
Is the Xe Currency Data API REST, and what formats does it return?
Xe Currency Data is a REST API accessed over HTTPS, with responses available in JSON, CSV or XML. It supports token-based authentication and legacy HTTP Basic authentication, with traffic encrypted using TLS 1.2 or higher. The service runs on Amazon Web Services infrastructure and is backed by Xe's 24/7, follow-the-sun support model across North America, Europe and Asia.
Besides the ERP, where else can a business use the same exchange rate data?
A shared source can feed several functions that would otherwise maintain their own currency data: financial reporting and ERP revaluation and consolidation across legal entities, treasury FX exposure analysis and forecasting, business intelligence dashboards and KPIs, subscription billing and revenue recognition, e-commerce checkout pricing, and payments and money transfers. Using one consistent source reduces discrepancies and manual reconciliation across these processes.
How long has Xe provided currency data, and who owns it?
Xe has provided currency information since 1993 and is part of Euronet Worldwide, a NASDAQ-listed financial technology company. With more than three decades of currency market experience, Xe combines a global network of financial data sources with processes for validating and standardising exchange rates. The service is designed to operate behind business applications, delivering exchange rate inputs without requiring employees to manage the data separately.
Does the integration require custom API development?
No. Xe provides built-in integrations for Microsoft Dynamics 365 Business Central and Dynamics 365 Finance, and the Xe applications handle the connection to the currency data service, reducing the need to develop and maintain a custom API integration. Organisations can instead concentrate on licensing, configuration and choosing the currency data they need within their existing ERP environments.
