Analyzing the beautiful charts and history behind ECB FX rates
Blog post from QuestDB
QuestDB is an open-source, high-performance database designed for market data, featuring superior ingestion throughput and SQL analytics that enable efficient data analysis with minimal hardware costs. The text explores the historical foreign exchange rates dataset from the European Central Bank (ECB), which governs monetary policy in the Eurozone, and examines how significant global events have influenced these rates over time. Utilizing the QuestDB Grafana plugin, the analysis reveals how major events such as the 2008 Financial Crisis, the Swiss Franc's peg removal in 2015, Turkish inflation, Iceland's financial collapse, and the Russian ruble's volatility following geopolitical conflicts have impacted currency values. The use of visualizations, such as price change and timeline overviews, provides insights into the dynamic nature of currency movements and highlights the potential for further discoveries within the dataset.