24bit to 16bit color formula?

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  • mosko

    Does anyone know how to convert a 24bit (hex or rbc) color value into a 16bit color value?

    I know colorloss will occur (this is my point).

    If this is not clear here's an example....

    say I have the following blue

    #0066B2

    what is the 16bit representation of this?

    Are there any tools (ie photoshop) or forumals to convert with the best color acuracy?

    Thanks!

    -Mosko