The average weighted Currency/USD exchange rate analyzes Currency/USD exchange rates, factoring in the volume of performed transactions and rates those transactions are performed at. Computational method:
Calculations are based on the volume of performed Currency/USD exchange operations and rates at time of transaction. Formula:
Average weighted Currency/USD exchange rate = [(Rate t1 x transaction volume.t1) x (Rate t2 x transaction volume.t2) x,…,x (Rate tN x transaction volume.tN)] / (Transaction volume.t1 + transaction volume.t2 + ,…, transaction volume.tN) Remark:
In other words, the average weighted Currency/USD exchange rate shows prices at which the bulk of transactions were performed on exchanges.