Are you looking for an exchange rate API to convert USD to CHF? In this note, we will talk a little about its current state and what API is best for you to use.
According to forex data, the dollar previously rallied and then failed to lift its previous figure. So far it has retraced just above the 100-day moving average and the USD/CHF ratio is at 0.9514. However, it is modulating around that figure.
This wobble in the prices and rate relationship of various currencies is related to the inflation. It is rising all over the world. Both in American countries and Swiss, inflation rates are existing as they did not exist for a good number of years.
On the other hand, there is a world scenario of economic recession. As is well known, the combination of these two factors results in stagflation. It puts the world economy in a huge crisis.
US equities had their worst percentage decline since 1970. The dollar is negative and lost 0.38%. For this reason, it is under a lot of pressure.
Be Updated With An API
As you will see, the times for currency prices are very changeable. Many factors exist that make the main currencies of the world wobble. Both the Swiss franc and the dollar are experiencing some weakening.
Also every day there is new news that makes them move. The global stagflation situation and the war in Eastern Europe are causing the values of the currencies of the countries to fluctuate almost every day.
If you want to invest or buy in the foreign exchange market or have an agency that assists people who want to do so, you need to use an API. This is software that sends information to different devices. What the programmers do is incorporate the software into the designs of apps and websites.
In this way, you will be able to show everyone the updates of different currencies in real-time. You can convert the USD to CHF and as many currencies as you want. You will also be able to observe historical rates and the fluctuation of prices. Exchangr does all this and is a favorite among developers for its ease of API programming and extensive documentation.
About Exchangr
If you start using this currency conversion API, you will be able to enjoy all the benefits it has. You will be able to research currency rates at different times which will allow you to historically compare the factors that influence currencies. For example with other moments of economic stability or other moments of crisis. That way you can make an exhaustive analysis of this data and decide the best time to invest.
A company that provides this type of information, such as in a newspaper in the financial section or different financial agencies, will be much more acclaimed by its clients. Both the new ones and the ones you want to retain are clients who value the transparency of a company and the fact that it provides complete services.
That is why being able to give all kinds of information on foreign exchange rates will help you to consolidate the relationship with your clients. Exchangr sources its information from major financial authorities with forex spot and futures data.
Among the programming codes in which you can use this API is JSON, C #, Python, Ruby, and PHP. You will be able to find vast documentation with information on various physical and virtual currencies around the world and convert one into any other.