Do you ever wonder how you can increase your productivity and business profits? If so, forex APIs may be your solution
As a financial service provider, your job is to understand the market and deliver solutions to your clients to meet their needs. Whether it be payment processing, money transfers, or currency exchange; you need to be able to offer your services in a timely manner.
While having an in-depth understanding of the market is essential for providing excellent service; that knowledge means little unless you are able to convert it into action. This is where foreign exchange APIs come in.
What is a Forex API?
An API (Application Programming Interface) is a software intermediary that allows two applications to talk to each other. In terms of foreign exchange (forex) trading, forex APIs provides users with live and historical currency rates through different providers.
Three ways Forex APIs will increase your productivity and profits:
- They offer easy integration of forex data with your system, application, or website.
- Retrieve up-to-date information about currency pairs and convert one currency into another.
- Minimize data entry errors when processing international transactions.
Of course, you can get a lot more using a forex API. If this three advantages have caught your interest, then keep reading! We’ll recomend you the best forex API for you: Exchangr.
Use Exchangr
Exchangr is a currency exchange rate API that uses JSON data to deliver accurate currency exchange rates and conversions on the fly. Therefore, this API provides the fastest and easiest way to integrate real-time currency exchange rates into your own existing application or website. It provides updated information for 164 currencies, plus 8 cryptocurrencies. That means, recent and accurate rates for 30,000 currency pairs!
All of the 172 currencies can be used as base currencies, one at a time, to look up as many currencies you want at once, Moreover, you also can access advanced features, such as historical rates, convert single amounts, get a currency’s change parameters, and more!
Exchangr is simple, quick and reliable; just perfect for business! Click here to sign up.
Related post: How A Forex API Can Be Useful For Businesses
Also published on Medium.