Have you spent hours trying to find foreign exchange market data? If so, we will help you with that!
The foreign exchange market is the world’s largest financial market. The volume of currency traded at forex daily is more than 3 trillion USD; making it an essential part of any global economy. It is a decentralized global market where all the currencies are traded.
As the market for foreign exchange grows and becomes more accessible to smaller companies and individual traders; it becomes harder for businesses to monitor and manage their currency exposure.
Now, in order to succeed in the forex market, you need to be able to understand the fluctuations in the exchange rate and make wise decisions. A Forex API will allow you to retrieve information such as currency conversion rates, current and historical exchange rates, market indicators, and other information that can help you make the right decisions for your business. But, which forex API is best for your needs? We’ll tell you which one!
What do you need in an API for foreign exchange market data?
One of the most important things to consider when choosing a real-time forex API is how well it can organize your data. Foreign exchange APIs need to be able to quickly retrieve data for thousands of possible currencies. It should also be able to process this data in real time and display it on a single dashboard in an easy-to-read format. Well, if you are looking for all of the above, then Exchangr is the API you need.
Why Exchangr is the best option?
Exchangr is a currency conversion API that uses JSON data to deliver real-time rates. Hence, this API provides the fastest and easiest way to integrate real-time currency exchange rates into your own existing application or website. The forex data is gathered from a number of commercial forex data services and banks; also, it’s engine is a sophisticated algorithm which updates the prices at regular intervals. These range from 60 minutes to 60 seconds.
Exchangr provides rates from 164 countries and 8 cryptocurrencies to cover up to 172 world currencies. Furthermore, all of them can be used as base currencies, one at a time, to look up as many currencies as you want at once,
Try it today! Just click here to sign up.
Related posts:
5 Things To Know About Currency APIs
Improve your currency exchange knowledge in just 15 minutes
Also published on Medium.