Powered by 100+ Trusted Data Sources
TrueRate Liberia aggregates exchange rate data from international financial APIs, verified money changers, and community reports to provide the most accurate rates in Liberia.
Our Data Sources
Multiple layers of data collection ensure accuracy and reliability
- Frankfurter API
- Exchange Rate Host
- Currency API
- Open Exchange Rates
- + 26 more APIs
- Monrovia (40 locations)
- Buchanan (8 locations)
- Gbarnga (6 locations)
- Harper (4 locations)
- Other cities (12 locations)
- Real-time user submissions
- AI verification system
- Photo verification
- Trust score validation
- Outlier detection
- Commercial banks (8)
- Microfinance institutions (5)
- Credit unions (3)
- Mobile money providers
- Remittance services
- Bloomberg (via API)
- Reuters financial data
- XE.com rates
- OANDA rates
- + 16 more providers
Our Methodology
Advanced algorithms and AI ensure data accuracy and reliability
We collect exchange rate data from 100+ sources every minute, including licensed money changers, international APIs, and verified community reports.
Update Frequency
- • International API rates: Every 60 seconds
- • Money changer rates: Real-time
- • Community reports: Instant (after verification)
Every data point goes through our multi-layer AI verification system to detect anomalies, fraud attempts, and ensure accuracy.
Verification Steps
- 1. Outlier detection (statistical analysis)
- 2. Source reliability scoring
- 3. Cross-reference validation
- 4. Historical pattern matching
- 5. Community trust verification
We use a weighted average algorithm that prioritizes more reliable sources and recent data to calculate the final displayed rate.
Source Weights
- • International APIs: 1.5x weight
- • Licensed changers: 1.2x weight
- • Verified community: 1.0x weight
- • Recent data: Time-decay factor
Our prediction engine uses ensemble machine learning with 5 different models trained on historical data, seasonal patterns, and economic indicators.
ML Models Used
- • Simple Moving Average (SMA) - 15% weight
- • Exponential Moving Average (EMA) - 20% weight
- • Linear Regression - 20% weight
- • ARIMA (AutoRegressive) - 25% weight
- • Seasonal Decomposition - 20% weight
Predictions are updated hourly and include confidence intervals based on model agreement and historical accuracy.
Our Commitment to Transparency
We believe Liberians deserve access to accurate, unbiased exchange rate information. That's why we've made our methodology completely transparent and our data sources verifiable.