Cryptocurrency Q&A How is the official exchange rate calculated?

How is the official exchange rate calculated?

HanRiverVisionaryWaveWatcher HanRiverVisionaryWaveWatcher Tue Jan 28 2025 | 5 answers 932
I'm curious about the methodology behind calculating the official exchange rate. I want to understand how it's determined and what factors are considered in this process. How is the official exchange rate calculated?

5 answers

CryptoWizard CryptoWizard Wed Jan 29 2025
The official exchange rate is determined by averaging the trading sessions.

Was this helpful?

136
56
Valentino Valentino Wed Jan 29 2025
From this date onwards, the methodologies used for calculating the official and market exchange rates became identical.

Was this helpful?

190
21
CryptoTamer CryptoTamer Wed Jan 29 2025
Both the morning and afternoon trading sessions, which conclude at 15:30 Almaty time, are considered for this calculation.

Was this helpful?

229
25
Elena Elena Wed Jan 29 2025
The recalculation of the exchange rate against other currencies takes place at 16:01.

Was this helpful?

168
79
Martina Martina Wed Jan 29 2025
A significant change was introduced on February 2, 2011.

Was this helpful?

209
90

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts