Is Oanda's historical currency converter suitable for tracking the value of cryptocurrencies over time?

3 answers

• Ultim8 PedigreeJan 03, 2025 · 7 months ago
  Yes, Oanda's historical currency converter can be used to track the value of cryptocurrencies over time. It provides historical exchange rates for various currencies, including cryptocurrencies, which can be helpful in analyzing their value fluctuations over a specific period. However, it's important to note that Oanda's historical currency converter may not provide real-time data for cryptocurrencies, so it may not be suitable for tracking their value in real-time. For real-time cryptocurrency prices, it's recommended to use dedicated cryptocurrency exchanges or platforms.
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• Tejaswini SarwadeJul 31, 2022 · 3 years ago
  No, Oanda's historical currency converter is not suitable for tracking the value of cryptocurrencies over time. While it may provide historical exchange rates for traditional currencies, it may not have accurate or comprehensive data for cryptocurrencies. Cryptocurrency markets are highly volatile, and their prices can change rapidly. To track the value of cryptocurrencies over time, it's better to use dedicated cryptocurrency exchanges or platforms that provide real-time and accurate data.
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• Max GohrenFeb 16, 2021 · 5 years ago
  As an expert in the field, I would recommend using dedicated cryptocurrency exchanges or platforms to track the value of cryptocurrencies over time. While Oanda's historical currency converter may provide some data on cryptocurrencies, it may not be as reliable or up-to-date as platforms specifically designed for tracking cryptocurrency prices. Additionally, dedicated cryptocurrency exchanges often provide additional features and tools for analyzing and monitoring cryptocurrency prices, making them a better choice for tracking the value of cryptocurrencies over time.
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