What Are Currency Exchange Rates?
An exchange rate represents the reference value between two assets.
For fiat currencies, exchange rates are used to convert one currency into another. For digital assets, they provide a standardized reference price that allows applications to value cryptocurrencies alongside traditional currencies using the same interface.
Rather than reflecting the latest transaction from a single market, FinFeedAPI Exchange Rates are calculated as a rolling 24-hour Volume Weighted Average Price (VWAP-24H) across multiple data sources. The contributing sources are selected and managed by FinFeedAPI to provide consistent reference pricing.
This approach produces a stable reference rate that is less influenced by activity on any individual venue and better represents the broader market.
Exchange Rates are particularly useful when applications need to convert between many currencies without maintaining individual market relationships. Developers can retrieve the latest rate for a single currency pair, request one-to-many conversions from a single base asset, query historical rates at specific timestamps, or analyze historical exchange-rate time series.
Exchange Rates are designed for reference pricing rather than execution. Applications commonly use them for currency conversion, portfolio valuation, accounting, treasury operations, reporting, reconciliation, financial dashboards, historical analysis, and AI systems that require standardized market reference data instead of executable prices.
