What Are Historical Exchange Rate Snapshots?
A historical exchange rate snapshot represents the value of one asset relative to another at a specific moment in time.
Instead of retrieving an entire historical time series, snapshot APIs answer a single question:
- What was BTC worth in USD on April 1, 2025?
- What was the ETH/EUR exchange rate yesterday at noon?
- How much was USDT worth in GBP during a historical transaction?
- What were the exchange rates from BTC to multiple fiat currencies at a specific timestamp?
This approach is ideal whenever an application needs a precise historical valuation rather than continuous historical market data.
CoinAPI calculates historical exchange rates using the same standardized methodology as its real-time rates, providing a consistent pricing model across both current and historical queries. Exchange rates are derived from a rolling 24-hour Volume Weighted Average Price (VWAP) calculated across carefully selected market data sources.