Are you looking for an Exchange API data to integrate into your financial product? In this article, we’ll present three options.
People who want to invest in financial products are always watching the currencies states. This is because they need to be cautious before putting their money in stocks, bonds, or derivatives. This kind of inversion allows individuals to save and borrow money and this situation can help their economies.
Something that people want to consider before purchasing in interest rates and exchange rates. First, because buying financial products always has to do with improving the financial situation in the future. So it is important to keep in mind the current state of the currency you want to invest in or the currency the client uses.
For example, in countries with greater devaluation, in addition to taking into account the value of their currency, they have to be comparing it with others all the time to know if their purchasing power is going to increase or decrease.
On the other hand, knowing what the future behavior of the currency will mean taking into account the current state of the currency, but also the historical rates and how they fluctuated over time.
This will give the client greater security and confidence when participating. A financial products company that provides this type of information will prove useful to its customers. It will show that you want to help them.
How To Get An API?
For this reason, if you have a financial products company and want to become a professional company that provides excellent services, you should use an API. In your application or website you can include it that constantly update through the “API calls”.
You can integrate the responses of the API calls and show current data, historical data as well as the different changes over time. Depending on the API, you can choose to display different types of currencies around the world. Here are three of the best options you can find online.
Exchangr
Exchangr is a currency exchange rate API that uses the JSON data format to give accurate currency values and conversions. As a result, the data provided by this API is the most reliable because it is sourced from trusted sources such as foreign banks and brokers. It displays the FX market in real-time to help users make informed financial decisions.
You will be able to give real-time conversion rates from over 170 currencies and digital currencies if you incorporate the Exchangr API into your website. You’ll also get access to historical data from the previous few years, allowing you to follow changes in currency exchange rates. It gives frequent data updates at periods ranging from 60 minutes to 60 seconds.
Currency Converter
Currency Converter is a simple API that converts one currency to another. The API only provides the bare minimum of functionality for online currency conversion. The API only provides the bare minimum of functionality for online currency conversion. It provides endpoints for listing currencies and nations, as well as getting historical currency data for up to 365 days.
It takes around 150 different currencies. In the free plan of the API, the currency values data refreshes every 60 minutes. The data in the commercial versions updates every 15 minutes.
CurrencyAPI
Currencyapi.com offers unparalleled coverage of international currencies and virtual currencies. It updates data every minute.This REST service has a robust architecture capable of processing millions of queries per day.
Every law governing the online selling of digital items and services can be consolidated. As a result, it was designed with programmers in mind, and it includes a whole suite of REST Clients and pre-built connectors.