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Global Clock #1, 2000 |
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Exhibited as part of
"The Fifth Element, Art or Money" at the Kunsthalle Düsseldorf, January - May 2000 Curator: Jürgen Harten Multimedia Exhibit Clock Projection: 3m x 4m Reuters terminals: 2 19" monitors, displaying real-time data Text Panel: 24" x 36" Money is, among many other things, a way of exchanging things that aren't similar. Money can also change hands faster than things. Rather than simply standing in for things being exchanged, sometimes money itself, as such, is exchanged. The exchange of different currencies is called "foreign exchange." The installation represented on a clock the relative values of the euro Today, in a networked world, money
moves from place to place as data, invisibly, across cables and satellites
at the speed of light. A feed from a global financial information network
was re-routed into the museum -- not so much to render the invisible
visible, but to investigate the luminous immateriality of money and its
mutable media. The medium
this money is light, and it shows up periodically on screens, as
translation of invisible into visible light. Two interfaces with foreign
exchange data provided by Reuters were displayed on the walls
(1 |
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Money, the storehouse of value,
changes its value from second to second. (2 |
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| "Global Clock" built a new interface for seeing
financial data in motion. The two hands of a clock moved in accordance with the
irregular rhythms of the foreign exchange market. The change in values of
the euro and the yen were each plotted, as they always are, against
the dollar and presented as a moving dot along the straight lines of
the big (minute) hand and the little (hour) hand of the clock. In these data feeds, the dollar is the implied and invisible
standard against which the euro and the yen are measured. As their dollar valuations changed, the euro and yen symbols
slid along their respective hands; meanwhile, the dollar remained stationary on the second hand.
The high-speed flow of foreign exchange data unfolded in three five-minute segments on the clock: the densest five minutes of data from the last full business day of 1999, and again the densest five minutes from the first full business day of 2000, and in between the entire data flow of 31 December 1999 and 1 January 2000, compressed into a very fast five minutes. Click on the previous text links for the data sets used, and follow the links below to the Java clock representation of the data.
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