Cryptocurrency Q&A How does the exchange rate service work?

How does the exchange rate service work?

Stefano Stefano Thu Jan 30 2025 | 7 answers 1531
I'm curious about how the exchange rate service operates. I want to understand the mechanism behind it, like how it determines the rates and how often these rates are updated. How does the exchange rate service work?

7 answers

CryptoEnthusiast CryptoEnthusiast Sat Feb 01 2025
The service provides a real-time exchange rate query function.

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Andrea Andrea Fri Jan 31 2025
To obtain the Converted Amount Value, an additional step is required.

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MysterylitRapture MysterylitRapture Fri Jan 31 2025
Upon receiving a request, it fetches the most current exchange rate from the market.

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WhisperWindLight WhisperWindLight Fri Jan 31 2025
The user's specified amount is multiplied by the Current Exchange Rate retrieved.

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mia_rose_painter mia_rose_painter Fri Jan 31 2025
This data is then packaged into a JSON string format.

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