About Currency Exchange International, Corp. - A Leading Provider of Foreign Currency Exchange Services in North America (2024)

CXI is a publicly traded company on the Toronto Stock Exchange (CXI) and OTC (CURN)

CXI’s subsidiary, Exchange Bank of Canada, provides foreign exchange services in Canada

OUR VALUES

We help our clients identify and create foreign exchange solutions, delivering a best practices approach throughunparalleled customer service and integrated technology to create significant financial and operational efficiencies.

Customer First

We earn the right to be our clients’ first
choice.

Integrity

We hold ourselves to the highest standard
to build trust.

Collaborative

We always win as a team.

Innovative

We find new methods to deliver change
and advance technology to the industry.

Passionate

We are driven to be the best in class.

CXI is not a sponsor or affiliated with any organization listed. CXI and its employees make donations or volunteer independently. All product names, logos, and brands are property of their respective owners. All company, product and service names used in this website are for identification purposes only.

2022

• CXI expands its omni-channel, direct-to-consumer presence ending the fiscal year with 37 branch locations, 207 agent locations, and 38 states though OnlineFX Home Delivery.

• CXI's agent program includes 23 airport agent locations including international airports in Charlotte, Chicago, Minneapolis, Newark, New York, Pittsburgh, Portland, and Raleigh-Durham.

• CXI has more than 2,500 unique customer relationship and services more than 18,000 transacting locations.

• CXI and its subsidiary EBC processes $14.8 billion in exchange volume, a 135% increase in volume compared to 2021.

2021

• CXI expands its direct-to-consumer foreign currency exchange service to U.S. airports with new agent relationships.

• CXI's OnlineFX ecommerce solution increases its services to 29 states and enables a white-labeled option for clients.

• CXI joins the Jack Henry Banking® Vendor Integration Program (VIP) to integrate CEIFX with CXIFX, to integrate with platforms like SilverLake, CIF 20/20, and Core Director. The integration provides financial institutions enhanced automation through an efficient end-to-end payment process supported by an experienced, foreign exchange specialist.

• CXI's subsidiary Exchange Bank of Canada is approved to participate in the Federal Reserve’s Foreign Bank International Cash Services (FBICS) program. Through FBICS, EBC receives access to the Federal Reserve’s International Cash Services (ICS) program including the ability to place orders for USD banknotes from the Federal Reserve Bank of New York (FRBNY) and to receive expedited processing of large-denomination USD banknotes deposited with the FRBNY.

2020

• CXI's subsidiary, Exchange Bank of Canada, closed its acquisition of a Canadian international payments business's assets that operated 24 years in Québec. The assets included FX traders, working out of EBC's Montreal office, with more than 20 years of experience and long-time customers.

• CXI expands OnlineFX from a reservation system to an ecommerce solution offering online ordering featuring overnight Home Delivery to consumers in 24 states.

• CXI responds to the global health crisis by ensuring the safety of its employees and customers. Being an essential business in the financial services, CXI remains committed to continuous service and dedicated support to its customers and employees in a safe and secure way.

• CXI has more than 1,600 unique customer relationship and services more than 14,000 transacting locations.

2019

• CXI launches its international payments integration with WireXchange®, a wire-transfer solution from financial services technology provider Fiserv. The integration provides financial institutions with enhanced automation through an efficient end-to-end payment process that is supported by an experienced foreign exchange specialist.

• CXI launches CXI FX Now platform providing faster and easier global payment management for organizations moving money around the world.

• CXI acquires eZforex.com, Inc. a Longview, Texas-based privately held foreign currency and technology business, which has wholesale banknote financial institution customers located throughout the United States.

• CXI enters into an exclusive relationship with Duty Free Americas, Inc. (“DFA”). As the first phase of this new strategic relationship, DFA will operate as an agent of CXI at more than 30 of DFA’s retail stores located on the United States and Canadian border.

2018

• At 2018 fiscal year end, CXI exchanges more than USD $4.2 billion worth of currency, has more than USD $73 million in assets, and services 1,337 companies at 17,000+ transacting locations.

• CXI launches its Digital Remote Deposit Service for Canadian Checks, increasing accuracy, security, and transmission times for US financial institutions.

• CXI launches Online FX, a website allowing consumers to reserve foreign currency online and pick it up at their local branch.

2017

• Exchange Bank of Canada is accepted for SWIFT membership, the world’s leading provider of secure financial messaging services, expanding its global payment capabilities.

• CXI establishes its corporate payments trading desk, providing live trading support, currency market analysis, and FX strategies.

• CXI expands its payments APIs for its cross-border payments solution for financial institutions, enhancing workflow automation and facilitating efficient end-to-end transactions with The Pathfinder Groups and its Wire Transfer System (WITS).

2016

• Expiration of the Regulation S restriction removed from CXI.S Common Shares — now trades as CXI on the TSX.

• In September 2016, the Minister of Finance in Canada approves the continuance of Currency Exchange International of Canada Corp. as “Exchange Bank of Canada” in English and “Banque de change du Canada” in French.

• CXI services 25% of the top 20 banks (in asset size) in the US.

2013 - 2015

• CXI group surpasses servicing 10,000 transacting locations and is a provider for national financial institutions in the US and Canada.

• CXI acquires certain assets of US Exchange House, Inc. pertaining to the wholesale banknote operations located in the US and Canada.

• Using some of these resources from the acquisition, CXI’s West Coast vault in California moves to Los Angeles, increasing service capacity and operational support.

2010 - 2012

• CXI commences services for financial institutions, allowing its wholesale relationships to grow rapidly.

• CXI establishes regional vaults for a total of three vaults in the U.S. its main currency processing center in Miami, Florida and regional vaults in New York and California.

• Currency Exchange International of Canada Corp. opens for business and establishes the Toronto vault.

• CXI completes its Initial Public Offering (IPO) on the Toronto Stock Exchange (TSX).

• Currency Exchange International of Canada Corp. files application to continue as a new Schedule 1 Bank in Canada.

2007 - 2009

• CXI, under President and CEO Randolph Pinna, purchases the retail branches of Foreign Currency Exchange Corp. from the Bank of Ireland Group.

• Company-owned branches include eight retail locations.

• CXI launches its proprietary, web-based foreign currency software solution, CXIFX.

• CXI focuses on establishing its backend processes for wholesale operations while growing retail operations for consumers.