Input file
OFX
- Full Name: Open Financial Exchange Format
- Developer: N/A
Output file
XPS
- Full Name: XML Paper Specification Format
- Developer: Microsoft
What is OFX file?
The OFX (.OFX) file extension is a generic XML-based open-financial exchange file used by software applications to facilitate financial information exchange between financial institutions, financial data aggregators, or financial software. It is based on the Open Exchange Specification (OFX), a standardized set of data structures for exchanging financial data such as PIN security authentication with an online banking system. [ ⏩ ] OFX file extension
What is XPS file?
The .XPS file extension stands for XML Paper Specification - a fixed-layout file format developed by Microsoft. The XPS file format was designed to facilitate the transfer of documents in an electronic form, as a means of providing more privacy and security than the alternative PDF format. XPS files are similar in structure and purpose to PDF files, but because the XPS format is a subset of XML, it is easier to modify documents stored in this format. [ ⏩ ] XPS file extension
How to convert the file from OFX to XPS?
To successfully convert the OFX file to XPS, you should install one of the applications from the list. After installing the software, open the program and select the file you want to convert (file-name.OFX). The next step is to select the target format from the list, in this case XPS (usually converters allow you to convert to several different formats, so check out their features - maybe one of the available formats will suit you more than XPS).
What is a file conversion?
A data conversion is normally an automated process to some extent. The effect of the operation of one program is automatically the input product of another application. If that does not happen we need to help the process a little bit and convert the file on our own, e.g. OFX to XPS. To obtain a matched structure of the data, it is necessary to use an appropriate converter.
Program for converting OFX files to XPS files is a kind of a "binary code translator" compensating for the differences in the code or translating it in such a way so that another application could use it. For us, as users, the visible change will be only another file extension. (After converting the file, it will be the extension XPS, while before this step we had the OFX file). For the programs, the difference is on a much higher level – either the application will be able to open a new XPS file, or not.