Bitcoin exchange rate dependence

Question

Cryptography

Began to be interested in this currency, a quite reasonable question arose. The price of the sale-purchase is set by the users of the exchanges themselves, however, the exchanges, according to some principle, display the current rate. Perhaps someone will explain how it is calculated or will push on the materiel on the stock exchange basis?

Answer 1

It all depends on supply and demand
en.wikipedia.org/wiki/Glass_of_trading_terminal

Answer 2

Matching of the exchange fundamentals you are interested in :
The current rate is usually displayed either as the price of the last transaction, or, if there is greater accuracy, as the best prices for buy and sell orders.

Answer 3

Removed