Currency Exchange Rates

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Instructions

• To use this tool, simply enter a value in any field and press the Enter key.
• Enter the number of decimal places to be used in the top-right field. The default value is 2.

What is computed?

• This is a practical example of using O2M for the handling of resources from an external server. In this case we summon a remote server at the European Central Bank (ECB) which handles currency exchange rates.
• According to the ECB, the reference rates are usually updated around 16:00 CET on every working day, except on TARGET closing days. They are based on a regular daily concertation procedure between central banks across Europe, which normally takes place at 14:15 CET.
• As of 1 July 2016 the reference rates are updated at around 16:00 CET. (ECB, 2015).

Who can use it?

• Researchers, teachers, students, or anyone working currency exchange rates.

References

• ECB (2015). ECB introduces changes to euro foreign exchange reference rates. ECB press release.

Feedback

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