Our bespoke exchange rate software constantly calculates changing forex rates globally and saves all of that data into a database which is then processed for use in our API services. That might sound simple, but we actually currently record over 400,000 new exchange rate data points every month from lots of sources each with their own base exchange rates and data exchange formats. Our application processes everything as it changes in real-time and once an hour (for free users) updates our API datasets. Premium users get more accurate 15 minute updates to the data.
One of our goals is to make Exchange Rate Lab one of the webs most comprehensive exchange rate tool sets and we are always improving our tools and streamling our processes. When you register you can subscribe to our newsletter and we will send you updated features every few months. (Don't worry, we wont spam you!). Were working on building up our exchange rate history database and are currently processing historical foreign currency data from the last 10 years into our system. Exchange Rate Lab is a work in progress and we're always working to add some awesome features. Something you need? Contact us and we would be happy to help