Hi I did some analysis on most recent localbitcoin transaction price across major FX ccy. Summary below. Any comment welcome.

Column description:
Fiat FX Rate: current official FX rate in the fiat world
BTC Implied FX Rate: FX rate implied from BTC price in different currencies. For example BTC price in CNY divided by BTC price in USD will be USD/CNY numer

BTC FX Premium: positive mean BTC price is more expensive in that currency compared to USD. Not surprising ARS is +53%

I calculate price using volume weighted price.

Surprising thing is you can see BTC is relatively expensive in USD compared to most currencies. For example using CNY as example, if I buy bitcoin in CNY and sell in dollar. I can realize exchange rate of 6.578 which is significaly better than official FX rate of around 7.0

Any comment welcome!




https://i.imgur.com/ZhWCD4I.png