An Exchange rates map is a map that displays the prices of currencies in different countries. It can help you decide where to buy and sell currency so that you can profit from the exchange rate.
A forex rates map is useful because it allows you to see the prices of all the currencies at once, so you can make more informed decisions about when to buy and sell.
The usefulness of a forex rates map depends on what you intend to use it for, but there are many reasons why someone might want to create a forex rates map. For example, if you’re planning to travel internationally, a forex rates map can help you plan an itinerary that will allow you to minimize the amount of money converted into foreign currencies and ensure that your travels go smoothly.
A exchange rates map can be created using an API, or application programming interface. An API is a set of instructions that a developer can use to access information from another program or website.
Use Exchangr to create an exchange rates map
Exchangr is a REST API that uses the JSON data format to provide consumers and businesses with accurate currency exchange rates and conversions. As a consequence, you can rely on the Exchangr FX API to handle even the most complex business requirements.
To use the Exchangr API, establish a free account and acquire your API key; no credit card is required. You can also join up with your Google account. Exchangr presently accepts 164 currencies and eight cryptocurrencies from customers worldwide. They get their information from a range of commercial currency data sources and organizations. They combine it using an algorithm before delivering it to clients. It provides data that is updated on a regular basis at intervals ranging from 60 minutes to 60 seconds.
What currency data does the API provide?
The Exchangr API will return or compute the most representative forex market rate available, which is often the “midpoint” number, depending on the API endpoint you request for your query. The “mid” value will also be the most important tool for your company’s finance department for accounting and invoicing financial predictions or planning, calculator and converter applications, and any other Exchangr forex data-powered apps.
It displays all of the exchange rates in the form of currency pairs.
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Also published on Medium.