Is the data provided by the 164 Currency Converter comparable to the exchange rates published in the Wall Street Journal?
Yes, it is. The 164 Currency Converter provides averages for the global foreign exchange market gathered from “high frequency” databases. The data is compiled from the leading market data vendors as well as contributing financial institutions. The data is filtered and stored in a proprietary data repository. We do not take market closing prices as the “average” price. Instead we take the average from all our collected data, reflecting the fact that the foreign exchange market never really “closes” but operates 24 hours a day on a global basis.
