The Ultimate Guide to Currency Data 2021
What is Currency Data?
Currency data is a subset of financial market data. It is useful for calculations involving money especially between differet currencies. It can provide an insight into conversion and exchange rates and help you understand the value of different currencies.
How is Currency Data collected?
Currency data is collected by tracking real-time changes in the value of currencies and compiling this together often to make accurate conversion rates. Good datasets will collect the data regularly, as currency rates are constantly changing.
What are the attributes of Currency Data?
Typically currency data will provide real-time currency values. Good datasets will be regularly updated to reflect changing rates. Currency data will show conversion rates between currencies across the world. This does not have to be real currency, but can also be information on the value of currencies such as Bitcoin.
What is Currency Data used for?
Currency data has many different uses.
Businesses can buy currency data to provide accurate conversion rates between different currencies. This is especially useful for international buisnesses.
It can also be used for valuations and portfolio analytics which is important in risk management calculations. Currency data can also be used to predict changes in the market by highlighting trends for different currencies.
How can a user assess the quality of Currency Data?
The best currency data sets will provide regularly updated currency information. A good dataset will also provide historical data so that you can see how currency values have changed over time. Make sure to read the data provider’s reviews before you buy currency data. You should also ask for a currency data sample before buying to ensure that the currency dataset suits your needs.
Who are the best Currency Data providers?
Finding the right Currency Data provider for you really depends on your unique use case and data requirements, including budget and geographical coverage. Popular Currency Data providers that you might want to buy Currency Data from are New Change FX, Finage, TraderMade, RDA Index, and Kaiko .
Where can I buy Currency Data?
Data providers and vendors listed on Datarade sell Currency Data products and samples. Popular Currency Data products and datasets available on our platform are Finage Real-Time & Historical Cryptocurrency Market Feed - Global Cryptocurrency Data by Finage, NCFX Cryptocurrencies - Live Cryptocurrency Data, Global Coverage by New Change FX, and RDA Exchange Rates: Fundamental Exchange Rates for each Cryptocurrency Pair by RDA Index.
How can I get Currency Data?
You can get Currency Data via a range of delivery methods - the right one for you depends on your use case. For example, historical Currency Data is usually available to download in bulk and delivered using an S3 bucket. On the other hand, if your use case is time-critical, you can buy real-time Currency Data APIs, feeds and streams to download the most up-to-date intelligence.
What are similar data types to Currency Data?
Currency Data is similar to Stock Market Data, Alternative Data, ESG Data, Merger & Acquisition Data, and Proprietary Market Data. These data categories are commonly used for Investing and Currency Data analytics.