By late evening on New Year's Monday, Google search results showed misquotes of major currencies. According to the Google Finance platform, the euro was valued at PLN 5.9 (the closing price on Friday was PLN 4.37), the dollar at PLN 5.37 (PLN 3.93 instead). Swiss Franc to PLN 6.38 (instead of PLN 4.67), and the British pound recorded an exchange rate of PLN 6.84 (instead of PLN 5).
“This zloty rate causing panic is 'fake' (data source error)” – Minister of Finance Andrzej Domanski commented. He also talked about Bloomberg quotes, where the euro was worth 4.34 PLN at the same time. After markets opened on Tuesday, the euro was valued at PLN 4.34, the Swiss franc at PLN 4.66 and the dollar at PLN 3.94.
Confusion around zloty quotes. Google has identified the person responsible
Google Polska asked Google Polska to provide information about the reasons for the misleading publication about the Polish zloty exchange rate. Minister of Finance and the Ministry of Digitization.
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The Polish branch of the giant has already issued a statement regarding the confusion. “Search functions, such as displaying currency exchange rates, rely on data from external sources. If inaccuracies are detected, we contact the data providers to correct the errors as soon as possible,” Google Polska told money.pl in response to a request for the company's position.
Meanwhile, according to information provided by the company, Morningstar is responsible for foreign exchange market data. These numbers are not verified by Google.
End-of-day prices are provided by Morningstar. Corporate performance data and company metadata are provided by Refinitiv, the release said.
On the other hand, “Dziennik Gazeta Prawna” reports unofficially The error detection information has already been reported to the data provider.
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