How much could 10 french franc in 1898 buy in today's rupees? What was the worth of 1 billion German mark in 1923 or 1000 Polish zloty in 1980? Was an annual wage of 25 pounds per year in 1780 much compared to the wage rates at the time? To answer these questions the Historical Currency Converter uses a short-cut, by comparing the worth of various sums in various currencies in their purchasing power of Swedish consumer goods and the pay of workers in Sweden. For more information, please visit or follow us on Twitter, Facebook or YouTube.Historical Currency Converter (test version 1.0) Established in 1996, OANDA has offices in the world's most active financial markets including New York, San Francisco, London, Singapore, Tokyo, Toronto and Sydney and is fully regulated by six major authorities. The company also offers OANDA Rates®, a set of corporate solutions that help the world's leading audit firms, taxation authorities and MNCs mitigate currency risk, improve efficiencies and optimize working capital. These rates are used for financial reconciliation, tax and audit, as well as to power digital products, apps and pricing engines.Ī global leader in online multi-asset trading services, OANDA combines award-winning technology and institutional-grade execution across a wide range of asset classes, enabling clients to trade global market indices, commodities, treasuries, precious metals and currencies on one of the world's fastest platforms. OANDA Exchange Rates API has long provided historical daily average rates to top audit firms, leading brands, and thousands of small and medium-sized companies around the world. As a result, our customers enjoy increased precision in our pricing models." In addition to connecting our platform to real-time FX market data, we leverage OANDA's API to enable currency options for our customers. As such, we are always searching for opportunities to create efficiencies in the marketplace. Keara Killian, Treasurer at AppNexus, a world-leading independent advertising technology company, explained, "Ad tech is becoming increasingly more sophisticated, and platforms must serve millions of buyers and sellers that transact in the billions of dollars. The new API is already proving to be of value to OANDA clients. Trusted for accuracy and reliability, our rates are acknowledged by several tax authorities and governmental agencies around the world, and are widely considered to be the gold standard in exchange rate data." However, because OANDA has been collecting FX data for more than 20 years, we are uniquely positioned to combine this knowledge with access to a full range of interbank liquidity, proprietary trading technology, and pricing algorithms in order to create an accurate market consensus across a wide range of FX instruments, including real-time foreign exchange rates. Vatsa Narasimha, President and Chief Executive Officer, OANDA Corporation, commented, "As an over-the-counter market, there is no central exchange for currency pricing, which can make it difficult to gauge accurate FX rates. Simple to use, extensive API documentation is available on OANDA's website, including easy-to-follow instructions in order to ensure the seamless integration with ERP, TMS, billing software and more. The API will also be of value to product managers and application developers who require reliable forex data to power their web services, pricing engines, and digital products. The new API aims to provide corporate treasurers and finance directors with a greater degree of visibility over the FX market, helping them mitigate risk, reduce currency exposure and improve cash flow. Customers also have access to daily and period average rates aligned to their time zone and can now access open and close prices. Available at 15-minute intervals, each fixing rate provides bid, ask, and midpoint rates. In addition to providing live rates, the new API also offers 96 fixing rates daily – more than any other currency data feed on the market. The rates available on the new API are updated every five seconds, providing a more accurate reflection of current market prices. SAN FRANCISCO, Ma/PRNewswire/ - A global leader in corporate and consumer foreign exchange solutions, OANDA recently released a new version of its trusted Exchange Rates API, which has been updated to include real-time currency rates.
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