21 sats \ 6 replies \ @Hamstr 27 Apr \ on: Is there an online tool that shows true currency exchange rates? econ
I sometimes use trading view to view the price/rate. It's usually up-to-date. Did I answer your question?
Does it show the “black market” unofficial exchange rate fiat/fiat? Like USD/ARS blue dollar rate instead of govt exchange rate?
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Meaning, the real, free market exchange rate, not the official government capital control exchange rate.
Most currencies are free floating so it is the same, but the really bad ones are not (Turkey, Argentina, etc)
Blue market is the rate you get on the street (USD buys 10-40% more), official is what you get from a bank.
By comparing what each currency sells for in BTC, you can compare free market rates, fiat/fiat, instead of looking at forex. I just wondered if there was an automated tool that did this.
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No, these aren’t published anywhere, individuals set the price. It’s just derivable from Bitcoin market prices.