Cryptocurrency Q&A
How are currency exchange rates calculated?
How are currency exchange rates calculated?
Thu Jan 09 2025
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7 answers
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I'm curious about how currency exchange rates are determined. I know they fluctuate constantly, but what factors influence these changes? And how are these rates actually calculated?
7 answers
Sat Jan 11 2025
The rates are calculated based on the representative exchange rate of each currency.
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Sat Jan 11 2025
These rates are reported by the central bank and are usually compared against the U.S. dollar.
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Sat Jan 11 2025
The resulting rate is then rounded to six significant digits.
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Fri Jan 10 2025
It's important to note that these rates are not utilized in Fund transactions.
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