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?
- What's the difference between a market order and a Rate Alert?
How can Xe Rate Alerts help me?
Xe Rate Alerts can tell you when the market’s in your favour to help you transfer between two of your chosen currencies (a currency pair) at your ideal rate.
Set your desired rates for your currency pairs. Once your pair hits its desired rate, we’ll let you know by email or via push notifications in the app.
From there, it’s up to you. If you want to make a transfer, that’s the ideal time.
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 could and does change 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, which benefits from push notifications straight to your mobile device, or via our website.
It's quick and easy to create Rate Alerts on either of these platforms. Check out your preferred option below and follow the instructions to get signed up today!
I want to create a rate alert using the app
- To set up a Rate Alert in the app, sign in to your account and select the Bell Icon 🔔 at the top of the screen.
- If this is your first Rate Alert, you'll have the option to hit the Create Alert button. Otherwise, you'll see a list of your existing ones. Hit the ➕ or Create Alert button to get started.
- Select the two currencies you are interested in (your currency pair) and set the rate you wish to achieve before being alerted.
- You can either use the slider to select your chosen amount or enter it manually using your keyboard. Then add a nickname so you can easily find it later on.
- When you're happy with your setup, simply push the Create Alert button at the foot of your screen and you're all done.
- With your new Rate Alert created, you'll be taken back to the previous screen and you'll now see it listed for your reference.
- Now just sit back and relax as we monitor your currency pairing for you. If you've enabled push notifications then we'll send a message to your device when your Rate Alert is triggered. Your notification will also be sent via email.
Want to create another Rate Alert for a different currency pairing? Just hit that ➕ button and follow the same process again.
I want to create a rate alert using the website
- Head to the Xe website and choose the Alerts 🔔 tab.
- Click the Get Rate Alerts button.
- Sign in to your Xe account with your username and password.
- Click the Create Alert button to begin the setup process.
- Select the two currencies you are interested in (your currency pair) and set the rate you wish to achieve before being alerted.
- You can either use the slider to select your chosen amount or enter it manually using your keyboard. Then add a nickname so you can easily find it later on.
- When you're happy with your setup, simply push the Create Alert button at the foot of your screen and you're all done.
- You'll now see your rate alert listed alongside any others you've made.
- Now just sit back and relax as we monitor your currency pairing for you. Your notification will also be sent via email when your Rate Alert is triggered.
Please note: We recommend using the Xe app. We support push notifications for Rate Alerts, so you'll get a message pushed directly to your phone when your chosen rate is achieved.
What's the difference between a market order and a Rate Alert?
Market orders and rate alerts are both tools that you can use to help you maximise the value of your future money transfers. The big difference between the two is the commitment to send money.
Xe Rate Alerts: let you know that it could be time for a transfer. It informs you that the rates are in your favour, but it’s up to you whether you want to make a transfer at this time.
If you regularly make transfers (for purposes like sending money to an account in another country or family abroad), rate alerts will let you know the best time to do so. The rate alert function is available on the app and online.
Market orders: place an order for a future transfer. You’ll enter your currencies, amount to transfer, and desired rate, and your currency will be purchased as soon as your desired rate is achieved.
You’ve entered into a legally-binding agreement with us and we’ll send the money immediately upon settlement.
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 a market order.