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Today, we will learn how to add watermarks to documents using PDF Exchange Editor. Watermarks serve various purposes, such as protecting documents and indicating ownership. They can be added as text or images. To add a watermark, go to the organize tab, select watermarks, and click add. You can choose between using an image file or custom text to create the watermark. You can customize the text, font, and alignment options in the dialog box. Macros can also be used for further customization.