Do you want to be up-to-date with currency conversion for the sake of your business? Then keep reading because we have the solution!
If you’re a retailer, investing in foreign stocks or buying products from a foreign currency are things that may happen at some point. In fact, the majority of e-commerce websites are looking to expand their reach outside of their countries of origin. With that being said, international sales can be difficult to manage and automate. Fortunately, there are ways to help you improve your business strategy.
APIs are continuing to become more important for e-ecommerce companies, both large and small. When it comes to currencies, retailers want to be able to accept payments from multiple countries but also want a quick way to convert that currency. This is where collecting foreign exchange rates via an API can help you with currency conversion and more!.
Now, we know that working with foreign currency is a complicated subject, since it is always fluctuating. That’s why we have prepared a list of 3 APIs that will help you find the right exchange rate for your business efficiently.
Exchangr
Exchangr is a currency exchange rate API that uses the JSON data format to deliver accurate currency exchange rates and conversions. Whether you need to get historical rates, convert single amounts, or get a currency’s change parameters and percent moves along with it, this API can do all of that.
It provides you with reliable and up-to-date information for 164 currencies + 8 cryptocurrencies. That’s a total of 174 world currencies! The updates are delivered at regular intervals, with intervals that range from 60 seconds to one hour.
Exchangr makes it easy for you to base your pricing on a currency that’s relevant to your customer. Also provides an excellent hedging tool against currency fluctuations. If your needs are simple, the free plan might be all you need!
Xecurrencydata
Xecurrencydata provides real-time, accurate and reliable currency exchange data for hundreds of worldwide currencies. This API connects you to comprehensive in-depth currency market history along with updated foreign exchange data, that is intergrated with over 100 highly reputable global sources.
It offers 170 world currencies + precious metals. Information about Cryptocurrencies are coming soon! These rates are updated once per day.
Currency Conversion
Currency Conversion is a lightweight API that offers the basic functionality for online currency conversion. It’s designed for ease-of-use for software developers of any skill level!
This API provides you with 150 different currencies. It’s currency values data is refreshed every 60 minutes in the free version, and updated every 15 minutes in the commercial editions.
To know more about currency conversion APIs you can also read: Best APIs For Currency Conversion In Real-Time
Also published on Medium.