Did you ever wonder, how can forex rates APIs help developers? We know the answer, so keep reading!
Forex apis are programmable interfaces that allow developers to access foreign market data; or build trading platforms for brokers and currency exchanges. With these apis, developers can integrate real-time or historical foreign exchange rates into their own websites and applications; or create new forex trading platforms for clients.
For developers looking to build out forex apps and other tools, Forex APIs are useful. They can provide real-time or historical exchange rates by allowing you to perform automated currency conversions. Besides, they can help developers make the most of their own applications, but they can also enable them to create a variety of tools that traders can use. These include, but are not limited to:
- Forex apps
- Research tools
- Trading platforms
- Broker gateways
Now, developers can integrate forex rates into their website or application by using free or premium APIs. For that reason, we have compiled a list of three free forex rates APIs that we believe will help developers find the perfect currency exchange api for their business needs.
1. Exchangr
Exchangr is a forex API that uses JSON data to deliver the latest currency exchange rates and conversions. Hence, this API provides the fastest and easiest way to integrate real-time currency exchange rates into your own existing website; as well as, compatible with any application and programming language.
Is integrated with a number of highly reputable foreign exchange rates sources, and offers the most recent and accurate rates for 164 currencies + 8 cryptocurrencies – a total of 172 world currencies. Therefore, Exchangr provides rates for 30.000 currency pairs.
If your needs are simple, you can get the free plan that allows you to make 250 API calls monthly, hourly updates, access to historical data, all base currencies; and conversion, time-series and fluctuation endpoints.
2. Currencylayer
Currencylayer is a real-time JSON API for exchange rates and currency conversion. Due to that, its format allows maximum usability, ease of integration and compatibility with any of your applications.
Furthermore, its forex data is collected from various commercial sources and banks; offering accurate exchange rates for 168 world currencies. For Currencylayer‘s free plan, you can make 250 API requests monthly, have daily updates, and get historical rates.
3. Fixer
Fixer is a simple and lightweight JSON API for current and historical foreign exchange rates. Thus, it can be implemented in under 10 minutes. Aside from live data, Fixer also comes with separate endpoints for single currency conversion and Time-Series data.
What’s more, it offers real-time exchange rates data for 170 world currencies; sourced from financial data providers and banks. The free plan provides 100 API calls monthly, hourly updates, and access to historical data.
So now you know, start using a forex rates API right now!
Read more: Are you looking for foreign market data?
Also published on Medium.