Home -> Law Blog Directory -> Legal Research Blogs -> AbsTracked

Legal Research

: AbsTracked

Foreign Exchange Rates

By Abbie Bradfield Mulvihill

I was just checking foreign exchange rates and noticed that none of the converters show the same rate. I checked the Euro versus the U.S. Dollar at xe.com, Yahoo! Finance, CNNMoney, and Oanda.

I finally went to the daily foreign exchange rates online from the U.S. Federal Reserve (H.10 Release). Here's what you get from that release:

"The H.10 release contains daily rates of exchange of major currencies against the U.S. dollar. The data are noon buying rates in New York for cable transfers payable in the listed currencies.

The rates have been certified by the Federal Reserve Bank of New York for customs purposes as required by section 522 of the amended Tariff Act of 1930."

You don't need a converter. The math couldn't be simpler.

Full post as published by AbsTracked on June 12, 2008 (boomark / email).