Currency markets are always moving. Set an alert so you never miss your desired rate.
In this article, we’ll cover:
- How can Xe Rate Alerts help me?
- Why we use mid-market rates for Xe Rate Alerts
- How do I set up Xe Rate Alerts?
- How will I know when the rate is triggered?
- What's the difference between a market order and a Rate Alert?
How can Xe Rate Alerts help me?
Xe Rate Alerts let you know when the market is in your favour, so you can transfer between two of your chosen currencies (a currency pair) at your ideal rate.
Set the desired rate for your currency pairs. Once your pair reaches this rate, we’ll let you know by email or via push notifications in the app so that you can send money.
If you don’t need to transfer now, just sit tight. Keep your rate alert set up and there’ll be more to come.
Xe Rate Alerts use mid-market rates
The mid-market rate is the halfway point between demand and supply for a particular currency, which means it changes all the time.
Our free information services always list the mid-market rate because it indicates the value of a currency that’s not weighted towards buying or selling.
There is no obligation to send money with Xe Rate Alerts. If you wish to send money when your chosen rate is achieved, you'll need to create a market order.
How do I set up Xe Rate Alerts?
You can set up a Rate Alert in the app and get push notifications when your rate's triggered, or on the Xe website.
To set up a Rate Alert in the app:
- Sign in to your account in the app
- Click Charts in the bottom right-hand corner of the screen
- Click Create Alert
- Choose two currencies (your currency pair)
- Set the rate by sliding the Desired rate line up or down, or enter your rate in the Equals field
- Click Create Alert
- The Rate alerts screen will show your alert
- From the Rate alerts screen, click the ➕ button to add a new rate alert for a different currency pair
To set up a rate alert on the website:
- On the Xe website choose the Alerts tab
- Click the Open free account button
- Sign in to your Xe account
- Click the Create Alert button
- Choose two currencies (your currency pair)
- Adjust the Alert line on the graph, or enter your rate in the Equals field to set your rate
- Add a nickname for your alert
- Click the Create Alert button
To amend a rate alert on the app:
- Go to Xe App & sign in
- Click More
- Click the bell icon on the top right
- Any existing rate alerts will appear
- Click into an existing rate alert
- Make changes and click 'save alert'
- To delete - Click the delete icon on top right
How will I know when the rate is triggered?
If you create an alert in the app and enable push notifications, you'll receive a message as soon as your rate is reached, otherwise we'll send you an email.
What's the difference between a market order and a Rate Alert?
Market orders and rate alerts help you to maximise the value of your future money transfers.
Xe Rate Alerts:
When your rate alert's triggered, it means that it could be a good time for you to send money.
Rate alerts use the mid-market rate. The mid-market rate is for information only (we also use it for our currency conversion tool). You won't receive the mid-market rate when you send money.
If you regularly make international money transfers, you might find rate alerts helpful; by getting a message when your rate alert's triggered, you can check the current send rate and decide if now's a good time to send money.
Market orders:
When you place a market order you're booking a future transfer.
You enter your currency pair, the amount you want to transfer and your desired rate. When the send rate reaches your desired rate, we purchase your currency.
When you create a market order, you enter into a legally-binding agreement with us. We send the money as soon as we've received payment from you.
Need to create a market order and want to make sure you get the best rate possible? Xe can help! Sign up or sign in to learn more about our money transfer product and to set-up a market order.