OANDA Launches Mobile Currency Converter Application for BlackBerry PlayBook Tablet

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Global leader in currency data develops free mobile app that gives users access to real-time foreign exchange rates trusted by corporations, tax authorities, auditing firms, and financial institutions

OANDA Corporation, provider of innovative online forex trading and the world’s most accurate currency data, has developed a free currency conversion application for the BlackBerry PlayBook—the new tablet device launched in April by Research In Motion.

The OANDA BlackBerry PlayBook Currency Converter app is the first native app built by OANDA for the brand new RIM BlackBerry PlayBook mobile platform. The app provides access to currency data powered by OANDA Rates® — the daily filtered rates relied on by multinational corporations, tax authorities, auditing firms, financial institutions, and central banks.

PlayBook users who download the free currency app can calculate foreign exchange rate conversions for more than 190 currencies and four metals. The app automatically lists the user’s 10 most frequently used currencies for easy access. Convert today’s rate or rates for the past 30 days; a simple graph displays the 30-day trend for each currency. Its innovative design displays both the “bid” and “ask” rates for each currency, and allows users to add percentages to their conversions for more realistic rates – for example, the higher rates typically charged by banks and credit card companies.

“Tablet devices are now a mobile computing mainstay and RIM is the latest Apple competitor to launch an iPad alternative,” said Michael Stumm, CEO, OANDA Corporation. “We are pleased that our currency converter is among the first wave of apps available on this new platform. As mobile experiences become available on more platforms, OANDA’s mobile development strategy will evolve to meet customers’ expectations for access to innovative currency tools anywhere, anytime.”

OANDA started in 1995 as the first online provider of comprehensive currency exchange information. Since then the OANDA Rate® has become the benchmark for corporations, tax authorities, auditing firms, and central banks. In 2001 OANDA launched fxTrade, the first fully automated online forex trading platform. fxTrade was the first platform to offer immediate execution, support trades and accounts of any size, enable true 24/7 trading, and eliminate the rollover swap by calculating interest by the second. OANDA’s innovative technology has enabled it to sustain a large trading volume. Peak performance has been measured at 1.5 million trades a day, far exceeding the volume typically handled through any of the leading global banks or electronic communication networks (ECNs) that trade forex.

OANDA Corporation is a registered Futures Commission Merchant (FCM) with the U.S. Commodity Futures Trading Commission (CFTC) and is a forex dealer member of the U.S. National Futures Association (NFA). OANDA Corporation owns the following subsidiaries: OANDA Asia Pacific Pte Ltd, regulated by the Monetary Authority of Singapore with a Capital Markets Services license; OANDA Middle East Corporation Ltd., with a license from the Dubai Financial Services Authority (DFSA); and OANDA Canada, regulated by the Investment Industry Regulatory Organization of Canada (IIROC).


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Paul Jeszenszky
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