“As we have already communicated in our response to the Ministry of Finance, search functions, such as displaying currency exchange rates, are based on data from external sources,” says the Polish subsidiary of Google on the X portal.
Google Poland: We’re sorry
It emphasizes that “Google does not verify data from suppliers, does not interfere in their content and cannot guarantee the validity of the presented exchange rates,” and the data is displayed in the same form as it was delivered. Google Polska ensures that if errors are reported, it contacts the data provider to correct them as soon as possible. The Polish subsidiary of Google announced that it has temporarily disabled the function of displaying currency rates. “We apologize for this situation,” he adds.
Yesterday, in currency quotations published by Google, the zloty exchange rate exceeded PLN 5 for one euro. This would mean an increase in quotations by over 20 percent. In reaction to this, the Minister of Finance, Andrzej Domański, wrote on the X platform that the zloty exchange rate visible in Google’s sources is a “data source error”. He added that “markets in Asia will open soon and the situation will return to normal.” To confirm these words, he showed the exchange rate from Bloomberg – PLN 4, 34 groszy per euro.
PLN exchange rate
Today, the zloty exchange rate on Google Finance is PLN 4.35. The same value is provided by Bloomberg.
The exchange rates shown by Google do not always provide accurate and correct data. The company is not responsible for the correctness of the rates, as it informs on its website. “The data is provided by financial exchanges and other providers and the content may be delayed to the extent indicated by these exchanges or other data providers. Google does not verify the data and excludes its liability in this respect,” we read.
“All financial data and information from suppliers are presented in the form in which they were sent by them. Google provides access to this data for informational purposes only. In particular, this data should not be used for investment purposes or constitute financial, tax or legal or accounting,” the company emphasizes.
Incorrect PLN exchange rate data sparked comments on social media. The president of the Institute of Public Finance, Dr. Sławomir Dudek, emphasized on the X platform that “it is necessary to explain why the Google website provides the wrong rate” and “from what source it gets the rates.” The economist added that this situation “upset many people.”
Source: Gazeta
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