What does QUODD do to ensure
FX rates are accurate?

QUODD employs a proprietary monitoring system that continuously tracks each currency pair. Our filtering mechanism adjusts to real-time market conditions, designed with the intent to enable us to detect and exclude anomalous or erroneous rates. Additionally, we apply specific methodologies tailored to both liquid and illiquid/exotic currencies, ensuring that our FX rates remain reliable, consistent, and reflective of true market value.

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How often are QUODD forex rates data refreshed?

The Global Currencies API provides real-time forex data which is updated in true real-time as new quotes are issued by market participants.

03.28.2025

Crypto & FX

FAQ

Why do Foreign Exchange (FX) rates vary between different data vendors?

Foreign exchange (FX) rates are traded over-the-counter (OTC), meaning there is no centralized exchange to standardize rates. Different providers source rates from various contributors, leading to discrepancies ...

03.28.2025

Crypto & FX

FAQ

Why are QUODD’s FX rates not aligned when triangulating?

FX rates can vary due to differences in data sources, rate timing, and market fluctuations. Since our rates come from multiple providers, slight discrepancies may occur when triangulating currency pairs. As a result, we do not recommend using triangulation as a method to validate a specific currency pair.

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What does QUODD do to ensure FX rates are accurate?

Other Question Frequently Asked

How often are QUODD forex rates data refreshed?

Why do Foreign Exchange (FX) rates vary between different data vendors?

Why are QUODD’s FX rates not aligned when triangulating?

What does QUODD do to ensure
FX rates are accurate?