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Questions tagged [dated exchange rates]

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HallyuHeroine HallyuHeroine Wed Aug 07 2024 | 7 answers 1252

Why do we use dated exchange rates?

Could you please elaborate on the rationale behind utilizing dated exchange rates? It seems counterintuitive to rely on historical values when dealing with the highly volatile and dynamic world of cryptocurrency and finance. Are there specific advantages or scenarios where employing such rates becomes necessary or advantageous? Understanding the nuances behind this practice would greatly enhance our comprehension of the financial landscape.

Why do we use dated exchange rates?

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