Questions tagged [exchange-rate]

refers to the rate at which two currencies are exchanged one-for-another.

Filter by
Sorted by
Tagged with
3
votes
2answers
142 views

Effect of media coverage on the exchange rate?

When mainstream media or some high-profile blogs etc. report about Bitcoin, does it have a direct effect on the exchange rate? Are there any examples in the past? Let’s say an author is about to ...
7
votes
3answers
1k views

Why does the Bitcoin conversion rate change wildly?

I don't understand why the conversion rate for bitcoin changes wildly. Why does it?
6
votes
5answers
7k views

Bitcoin's real-time Buy and Sell price API

What is the API to get Bitcoin's real-time Buy price and sell price on my site? and how can get it from to implement in my website developed in PHP.
1
vote
1answer
413 views

How do you know how much a product costs in Bitcoins?

When paying with Bitcoins how does that affect the price of the service or item? For example If I buy something that costs 20 CAD using Bitcoins and the exchange rate is 1 CAD = 0.01 BTC does that ...
0
votes
5answers
5k views

How to get current BTC rate for BRL(real) using php cURL or javascript

Is there anyway to get current rate of BRL = BTC. I saw the blockchiain ticker. But the value for BRL currency is not updated As listed here in preev. I want to get the current 1BTC= how much BRL ...
2
votes
3answers
5k views

Simplest way of obtaining MtGox exchange rate via an API?

I want to do a simple app that refreshes every minute to tell me the current exchange rate by Mtgox but I have a problem interpreting the JSON that some APIs return: Mtgox's fast ticker returns this ...
3
votes
2answers
2k views

When purchasing an item through BitPay, how do their exchange rates compare with the market exchange rates?

BitPay allows merchants to price their products in USD, and receive USD when a customer pays using Bitcoin. The exchange rate used at the time of purchase is calculated somehow by BitPay, but their ...
4
votes
1answer
2k views

Bitcoin Charts API Data

So I'm trying to learn how to work with an api, and how to get bitcoin historical price data. Ideally, I'd like all of it, and the nice gui that they have on the site for displaying the charts (but I ...
4
votes
1answer
25k views

Where can I find historical exchange rate data for BTC/USD? [duplicate]

I'm looking for historical exchange rate data for Bitcoins/USD beginning in 2010, but I haven't been successful. This is for academic research. I tried bitchart.org. I don't know how to access the ...
3
votes
1answer
595 views

How does Ripple decide on the exchange rate between different currencies?

When A pays in USD but B receives EUR, how exactly does Ripple decide on the EUR/USD exchange rate?
6
votes
3answers
4k views

What happens if an exchange's order book has only Market Orders [closed]

If a bitcoin exchange offers Market Orders, let's suppose there are X buy orders at market price, and Y sell orders at market price (no limit orders): How are these matched and at what price, since ...
2
votes
2answers
344 views

Bitcoin Price Fluctuations

Does anyone have any hard data on bitcoin price fluctuations in relation to time of day and/or week?
6
votes
6answers
5k views

How much energy will the Bitcoin network eventually consume? [duplicate]

A recent Bloomberg article stated that the Bitcoin network currently consumes about half as much energy as the Large Hadron Collider or enough to power 31,000 US homes. Even if the article is way off ...
1
vote
2answers
162 views

How much does an online store that sells in multiple currencies need to know about exchange rates?

Please take the title with a grain of salt. I couldn't make it short and also implying all that I am about to ask here. Consider Yen devaluation. Forex traders constantly buy USD and sell JPY, or ...
0
votes
1answer
2k views

What will bitcoin prices do in the next months as ASIC miners become more widespread? [duplicate]

The next months will finally see ASIC miners come into play, which will increase the global network hashrate by an amount never seen before. Of course, mining difficulty will then increase accordingly,...
34
votes
7answers
58k views

Why do the price of bitcoins vary wildly between exchanges?

▼ mtgoxUSD 95.0000 108.452 -12.404% 2428892 ▼ btc24EUR 67.5047 89.036 -24.183% 348160 ▼ btceUSD 82.9900 106.794 -22.289% 277286 ▼ bitstampUSD 75.9900 109.320 ...
5
votes
1answer
284 views

How can we trust big exchanges? [closed]

After reading the question What are ways a BTC Exchange could steal from its customers, and how can they protect themselves?, it would seem that you can't really trust the big exchanges (or anyone) ...
0
votes
2answers
961 views

Calculating the current price of 1 BTC?

I am planning to get into BTC as I have some PC with xfire (7970's) laying around here and I am currently trying to learn more about it; what I would like to first understand is BTC pricing to make ...
4
votes
2answers
30k views

What determines a bitcoin's value? [duplicate]

I've been talking with my friend about this, and apparently, it seems that Bitcoins have some sort of value that is given to them. On some websites like bitstamp, there are graphs and charts that ...
1
vote
7answers
67k views

How do I calculate the value of some amount of bitcoins in my native currency?

If I know the exchange rate, how can I calculate the value of some amount bitcoins in my native currency?
0
votes
4answers
323 views

Is there a way to estimate the price based on the blockchain?

Suppose I need a rough estimate of the current value of BTC in USD, is there anything in the blockchain that could be used for that? For example, is there some kind of correlation between block ...
9
votes
5answers
12k views

Is anyone taking advantage of different prices across exchanges?

Say I have funds on two exchanges. Whenever the price of bitcoin is higher on the first one, I sell on that one and buy on the other one. Is anyone doing this or has a program that does this? Is it ...
1
vote
0answers
103 views

Has anyone here used bitcoins to swap dollars for pesos in Argentina? [closed]

I've seen some chatter online about using bitcoins as a workaround for Argentinian currency controls (see below) and I'd like to speak to people who have actually done that, whether it means ...
5
votes
2answers
931 views

How does Mt.Gox calculate high and low price?

How does Mt.Gox. calculate high and low price? How can last price, over time, be higher than the high price?
2
votes
1answer
297 views

How can we prevent distortion of the bitcoin exchange rate?

Is there anything within the structure of bitcoin exchanges to prevent bitcoin price distortion with multiple accounts controlled by one person? I have seen stocks with similar levels of liquidity be ...
3
votes
2answers
222 views

Effect of price increase on usage of Bitcoin

I was just about to pay for something with Bitcoins today and I hesitated for an instant thinking that the price might be $10 more next week. Is it possible that Bitcoin holders will be less likely ...
7
votes
3answers
1k views

Pricing bitcoins

Bitcoin functions as a a quasi-commodity currency and I believe it can be priced according to particular factors, variables, instead of simply by the supply and demand in the exchange order book. The ...
6
votes
1answer
137 views

How does Ripple decide which offer to fulfil if they offer the same rate?

If two offers have the same exchange rate, how does Ripple decide which one to fulfil first?
6
votes
1answer
1k views

Is Ripple's trade history recorded?

Currently there isn't a graph of the ripple trade values. I'd like to know if each trade is recorded in the Ripple's equivalent of the blockchain, so that if in future someone wants to build such ...
5
votes
1answer
8k views

What and where is the easiest way to convert bitcoin back to cash without showing ID?

so im thinking about purchasing a big bitcoin miner, but the question now is how do i convert my BTC back to cash? I don't feel safe giving out my info to mtgox or other exchanges as they require ...
10
votes
1answer
441 views

Why does blockchain.info say BTC was traded for $35?

According to blockchain.info, BTC reached a peak rate of $35 in June 2011. According to the data available from bitcoincharts.com, the highest price BTC was traded in Mtgox that month (and until ...
2
votes
3answers
694 views

Avoiding currency conversion markup

For example, I want to travel from Country A to Country B. If i exchange money from Currency A to Currency B, i will have to pay conversion fees. Is it possible to convert my money from Currency A to ...
2
votes
1answer
201 views

Bitcoin price speculation resources

Where could I discuss Bitcoin price speculation, and calculating fair spot and future price. In general for stackexchange sites, the factors for here and now would be "too localized" I think. So I ...
2
votes
2answers
1k views

How much are bitcoins worth? [duplicate]

I'm new to this bitcoin thing-I am trying to find out what is the conversion of bitcoins to US money? I.E. a bitcoin is equal to how much US dollars? Thank you for your help.
2
votes
2answers
3k views

Average cost of mining per BTC over time

Are there any approximations to the average cost of mining of a BTC over time? The reason I ask is because I think that as this ratio will affect the general availability of Bitcoins on MtGox, and ...
3
votes
1answer
742 views

Is buying and selling bitcoin in large volumes possible, or wise?

I'm asking because I think it could be a decent investment, but on clarkmoody the volumes aren't very large. Which could mean that bitcoin is only useful in small volumes, and that larger ...
2
votes
1answer
707 views

How does the price of 1 BTC compare to other commodities?

I'm looking for a chart of Bitcoin's price and market cap to other commodities like silver, gold, etc. Does such a chart exist? Why is this useful? Because I want to see how the USD compares to ...
3
votes
4answers
2k views

How is hoarding to be prevented?

If all humans used bitcoins now (Jan 2013) for most of their transactions, then a dollar would be worth about a billionth of a bitcoin (1/10 Satoshi). If bitcoins take ten years to catch on that ...
1
vote
2answers
216 views

Can a bitcoin bank solve the problem of intensive value fluctuation caused by hoarding?

Let's assume a bank dealing in bitcoins is not any central of government bank that could control the money supply. Instead, let's say there was a bank where the people would deposit money at some ...
5
votes
3answers
524 views

Bitcoin price drop in the past few days (25/10/12 to 27/10/12)

Does anyone have any solid ideas or knowledge on why the price has dropped so much over the past few days? There is a lot of speculation, but nothing I have read to date seems to adequately explain ...
6
votes
2answers
4k views

How will the Bitcoin network look after BFL ASIC hardware shipments?

There have been over 7000 pre-orders of BFL SC series mining machines, with the cheapest one supposedly running at 3.5 GH/s and the most expensive being 1000GH/s thats a lot of hashes about to be ...
12
votes
4answers
9k views

Need authoritative source for historic Bitcoin conversion prices from all exchanges

What are the authoritative sources for historic Bitcoin prices? Ideally this will be an API for all major exchanges.
8
votes
3answers
1k views

How much should I charge a client if they pay me in bitcoins?

The price of bitcoins fluctuates rapidly against other currencies. If I were to go to a restaurant and pay for a meal in bitcoins the price at the start of the meal would almost certainly be different ...
8
votes
1answer
437 views

Is there an API for price estimation?

I need to display at my website what a certain amount of Bitcoins will likely cost. I can fetch the latest price using the MtGox API and multiply it by the amount, but for large amounts this is ...
9
votes
2answers
6k views

Is there a website that shows historic price data?

I need to find what the Bitcoin-Mt. Gox USD price was at certain historic dates and times (exact timestamp). Is there a website where I can input a specific historic date+time, and get the rate for ...
8
votes
4answers
397 views

Psychological price

I live in Europe, and more than a decade ago our national currency was replaced by the Euro. For a few years, everyone calculated back the price in Euro to the old currency when buying something, ...
3
votes
1answer
2k views

What's a good site to see bid/ask walls?

I'm currently using Mtgoxlive to view ask and bid walls. But ... I can't see the chart beyond about $1.5 +- the current price. Is there another site for viewing ask/bid walls graphically, in a ...
3
votes
2answers
903 views

Where can I find bitcoin price charts?

I am trying to see some bitcoin charts but looks like all sites are down. Any help?
8
votes
5answers
10k views

Is there a Bitcoin gadget for Windows 7?

Is there a Bitcoin gadget for Windows 7, which features conversion rate with EUR? (i.e. EUR/BTC)
9
votes
3answers
2k views

How does bitcoin's price volatility compare to commodities/stocks with comparable market capitalizations?

Bitcoin's long term (after 21 million units have been created) market cap is about $102 million. Price volatility of individual commodities/stocks is inversely correlated with their market cap, so ...