Looking for a way to thrive and save money at the same time? Then a Foreign Exchange API is the solution!
In recent years, governments and banks around the globe have tried to make their currencies more stable by intervening in the foreign exchange markets. The problem is, they’ve been meddling with the most volatile asset class imaginable. The result: unstable currency prices and wild swings in trading volumes. Those are not things investors should count on when they are searching for a way to thrive and save money.
So, exchange rates change all the time, and it’s hard to keep track of them on your own. The best way to make sure you’re getting a good deal is to rely on an automated service like foreign exchange APIs. These services provide you with information on foreign exchange rates and real-time pricing so that you can be confident that you’re getting the best deal possible. And in this article, we’re here to help you find which one will work for you!
Thrive and save money with a Foreign Exchange API
For instance, if you want to trade foreign currency, you can do so using an API. These are programs that allow you /and even your website or app) to connect directly with a bank, broker or market and get the information it needs — which currency you’re trading and how much you’ll need to exchange in that currency. With that information you will be ahead of what’s currently happening and bet on a more stable result.
There are dozens of APIs available. They range from simple ones that work only with a handful of currencies, to full-blown solutions that let you see everything there is to know about international market. To help you choose one of these, we have the perfect one for you.
Exchangr is your Get-Go Forex API
Exchangr is a JSON foreign exchange rates API, which provides accurate data for about 170 currencies. This tools gathers international exchange information from realiable banks and financial sources; and delivers it to you in no time. Hence, Exchangr will provide you with real-time currency data so that you can make the best decisions!
What’s more, this API is not only for currency rates and conversion. With just using the Small Plan, that is totally free, you can get:
- Historical data; so you can analyse currencies’s past high and low points to predict their future outcome.
- WordPress Plugin; to insert Forex Rates and Currency Conversion into your website without coding them.
- Access Exchangr’s endpoints; for conversion, timeseries, and fluctuation.
- Access to a comprehensive Documentation; to learn more about the use of Exchangr’s API.
- And more!
Get going with Exchangr
Let’s see how to do so:
First and foremost, you have to sign up here. Creating your account is for free, and you won’t need to give any credit card details, so don’t worry about that! When you are finished, you will obtain your own API key. This will be used to access Exchangr’s endpoints. Step two is to choose the currencies for which you want to get rates, or conversions. The final step is to carry out the API call. You can do so by following Exchangr Documentation that has code examples about these API endpoints. And there you have it! Your information will be delivered in a matter of seconds!
But hold on, if you are having problems when using Exchangr, you can either: click here to visit the Frecuent Asked Questions page. There you will find answers to general concerns; sources and data; API access and functions; and plans, costs, and how to pay for them. Or, you can send a direct message to Exchangr’s team, through the contact form or via e-mail. Someone will definitely respond to you as soon as possible!
So that’s all you need to know about how to use Exchangr API to thrive and save money!
Related post: What is The Foreign Exchange Market? And Why Should You Care?
Also published on Medium.