Xeneta uses market low, high, and average data points to create benchmarks for comparing your prices. The methodology used to provide these benchmark figures is described below.

**Market Average**

The Market Average is the arithmetic mean of the total rates returned in a query. It represents the calculated "central" value within a list of rates. This figure is determined by the following process:

- A rate query returns three results: Rate A, Rate B, and Rate C.
- Rates A, B, and C are added together. (A + B + C =
**D**) **D**is divided by three (the total number of query results)- D
**E** **E**now represents the market average

**Market Low - Bottom 2.5% Rate Point**

Example: You would like to find the market low benchmark for all 40 ft. containers with short-term contracts between Amsterdam and Melbourne on August 1st.

The process for calculating the market low benchmark is as follows:

- You've entered your search terms (listed in the paragraph above).
- The query has returned 400 results within the filters specified.
- All 400 results are sorted from lowest to highest rate price.
- Xeneta finds the rate that represents the 2.5% rate point (In this case, 2.5% of 400 is
**10**). - The
**10th**price from the beginning of the list is chosen (remember, we have sorted all prices from low to high). In this case, the 10th price from the beginning of the list is $1,500. - $1,500 is now chosen to represent the market low rate.

**Market High - Top 97.5% Rate Point**

Example: You would like to find the market high benchmark for all 40 ft. containers with short-term contracts between Shanghai and Rotterdam on July 1st.

The process for calculating the market high benchmark is as follows:

- You've entered your search terms (listed in the paragraph above).
- The query has returned 200 results within the filters specified.
- All 200 results are sorted from highest to lowest rate price.
- Xeneta finds the rate that represents the 97.5% rate point. In this case, 97.5% of 200 is 195.
- Subtracting 195 from the list of 200 prices equals
**5**. - The
**5th**price from the beginning of the list is chosen (remember, we have sorted all prices from high to low). In this case, the 5th price from the beginning of the list is $950. - $950 is now chosen to represent the market high rate.

**Interpolation**

Sometimes the number of rates returned cannot be divided by 2.5% or 97.5% in order to provide a whole number. In these cases, we use a process called interpolation.

Interpolation is the process of taking the two closest number to the percentile point and averaging them to create the most accurate rate at that particular percentile point. The usual processes for market low and market high calculations still apply, except that an additional averaging step is added to the rates that have been sorted.