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Xenon obtain their rates from a variety of sources. The primary sources are live, real-time rate feeds containing data from foreign exchange markets all around the world. Because it's always daytime somewhere in the world, there is a good chance that a currency market somewhere is currently trading. Since the feed is global, this means that a currency's rate can be updated even when the markets of its home country are closed.
Using the live rates, Xenon calculate a time-weighted average for use in their services. The rates always include the latest market currency rates, and are composed weighted towards market data in the last fifteen minutes. This mechanism, along with highly advanced logic for detecting mistakes in the feeds, ensures that the rates closely follow the market while minimizing the effect of anomalous trades.
This Currency Converter page was brought to you by:
The Mexican Hammock Company
42 Beauchamp Road, Bristol BS7 8LQ
Tel/Fax: +44 (0)117 942 5353
Email: info@hammocks.co.uk
Web: www.hammocks.co.uk
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