Electrum exchange rates. Where do they come from and why are they incorrect?

7

On the simple view on the Electrum client, the value of the bitcoins is displayed in USD, GBP and EUR (changeable by clicking on it).

Currently by clicking through, I am seeing exchange rates:

  • 10.29GBP/BTC
  • 10.40EUR/BTC
  • 11.90USD/BTC

This is completely out of line with mtgox, and also completely out of line with international currency markets (currently 1.6usd/gbp and 1.24eur/gbp)

So could someone explain where these rates come from and why they are so incorrect?

bencoder

Posted 2012-12-08T16:42:52.480

Reputation: 173

Answers

4

As of this writing, Electrum retrieves its exchange rate from Intersango. The last sale there must have been abnormally low for the current exchange rate.

Colin Dean

Posted 2012-12-08T16:42:52.480

Reputation: 6 559

In this forum post: https://bitcointalk.org/index.php?topic=100502.msg1308531#msg1308531 BkkCoins says he has an Electrum fork (https://github.com/bkkcoins) that allows it to support multiple exchanges. But be careful as reading later posts from Bkkcoins indicate that his fork may not be compatible with latest mainline Electrum build.

– kirian – 2012-12-09T00:45:04.947

2MultiBit uses the Java XChange library which is able to work with multiple exchanges. It might be possible to leverage the code in that library in your own projects. – Gary Rowe – 2012-12-10T09:15:42.767

Asked: 2012-12-08T16:42:52.480

Viewed: 2 356 times

Active: 2012-12-08T20:39:55.150