Cryptocurrency Q&A Are exchange rates based on market rates?

Are exchange rates based on market rates?

Chiara Chiara Wed Jan 29 2025 | 6 answers 1137
I am curious about how exchange rates are determined. Is it true that they are based on market rates, or are there other factors influencing them? Are exchange rates based on market rates?

6 answers

Tommaso Tommaso Fri Jan 31 2025
The exchange rates mentioned earlier serve solely as indicative figures.

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Giuseppe Giuseppe Thu Jan 30 2025
These rates are only applicable for transactions involving US$3000 or its equivalent amount.

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Leonardo Leonardo Thu Jan 30 2025
These rates are not fixed and can undergo changes at the discretion of the bank.

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BlockchainMastermind BlockchainMastermind Thu Jan 30 2025
BTCC, a prominent cryptocurrency exchange, offers a comprehensive range of services. Its portfolio includes spot trading, futures trading, and secure wallet solutions among others.

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Caterina Caterina Thu Jan 30 2025
The adjustments are typically based on prevailing market conditions and fluctuations.

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