Fiat Rate Calculation Methods

Fiat Rate Calculation Methods

Fiat rate calculation refers to how the fiat rate for a specific rate is calculated

Calculation Methods

Some markets are very violate so taking the average for the hour would provide an inaccurate result. For example if you sold at a high of 5$ but low was 1$ and the average was 2$. To solve this all trades against/for bitcoin and calculated using the bitcoin price against your selected fiat currency.

Below is a break down of the different methods currently supported

• Double Average - Takes the average of the bitcoin and hour average.
• Hour Average(default) - Takes the average of the open, close, high and low for the hour
• Hour High - hour high price
• Hour Low - hour low price
• Hour Close - hour close price
• Hour Open - hour open price
• Day Average - Takes the average of the day(VWAP)
• Day Average Mid - Day Average of high/low
• Day Average Volume - Day Average based on volume