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Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / Currency exchange rate...
Microsoft Dynamics AX (Archived)

Currency exchange rate providers for GBP, CAD, EUR

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Posted on by Community Member

We are implementing Foreign Exchange in AX 2012. Since Dynamics AX 2012 comes with only 3 out of box FX feed providers, and those providers don't provide rates for GBP and CAD. Can anyone please suggest a FX daily closing rate provider for USD to GBP , USD to CAD , USD to EUR. We are not using triangulation, and we just want direct download from the feed provider.  Link to Bloomberg or Wall street journal feeds. 

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  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on at

    Hi hiteshg,

    How often do you need to update those exchange rates that you miss? (daily, weekly...) I'm asking because most exchange rate providers services are not for free (e.g. https://openexchangerates.org/ , www.oanda.com/solutions-for-business) if you require a hand full of exchange rates e.g. On a monthly basis only that the default provider's do not deliver I would ask users entering those rates manually. Other than that try to find sites of official government or government like sources such as the bank of England (www.bankofengland.co.uk/.../Rates.asp;into=GBP

    ) IMF, world bank and alike to see whether they offer their information for free. Be very careful with that investigation as you can easily get into legal difficulties if you just download some - on first sight - freely available exchange rates.

    Hope this helps

    Ludwig

  • Suggested answer
    Community Member Profile Picture
    Community Member on at

    Hi,

    We are using xml of European Central Bank: https://www.ecb.europa.eu/stats/exchange/eurofxref/html/index.en.html

    Our consultant Ciber Netherlands wrote a script for a daily update. The script imports the rates and translates 'EUR to XXX' to 'USD to XXX' (like you want as well).

    Regards,
    Daan

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