Are you a trader based in India and want to obtain forex data? If so, you should use this API!
India has one of the largest economies in the world, and it is no surprise that people are always looking for reliable forex data. However, forex data in India is not easy to come by. There are a few providers who provide it, but the quality is poor, and the cost is high. This makes it difficult for traders and investors to get access to the forex data they need.
The good news is that you can easily get forex data in India without having to pay exorbitant amounts of money or rely on poor quality sources.In this article, we will look at how you can get forex data in India using a foreign exchange data API.
How Do Forex Data APIs work?
An Application Programming Interface (API) is a set of instructions that allow two applications to interact with each other. When it comes to foreign exchange data APIs, they gather information from several sources; and algorithmically combine them to deliver it to you. The most common types of data that an API provides are:
- Historical data. This data is usually available as part of the API itself and it contains old historical records on currency movements. Anyone can use this information to analyze past trends and predict future changes.
- Real-time data. This type of information is updated constantly and it can be considered as a live feed of currency rates. The best thing about having access to real-time forex data is that it allows you to make quick decisions based on real-time information; instead of waiting for weeks or months before knowing how things went wrong or right with your investment strategy.
Get Foreign exchange Data In India By Using This API
The currency of India is the Indian rupee. The Indian rupee is the fifth most traded currency in the world. So, if you are a trader and want to get the latest forex data in India, then you can use Exchangr API. This online service helps you get foreign exchange data; and provides the most accurate forex rates and other financial tools. You can use this API while trading on Forex or any other financial market.
Exchangr API provides you with the most accurate exchange rates and currency information available on the internet for 170 world currencies. Furthermore, this API can be used by developers who want to integrate real-time and historical forex rates into their products or services. This is because the data is provided in JSON format for maximum usability; ease of integration; and compatibility with any of your applications.
How To Easily Use This API
First you need to read the documentation given by Exchangr here. There you’ll find information about how to use this API, and how to make API calls, among other things. Once you’ve finished reading it; you may put it to use by following these steps:
- Sign up here. You will obtain an API key after registration. This one-of-a-kind number and letter combination will be used to access Exchangr’s endpoints.
- Choose the currencies for which you want to convert or get rates.
- Make the API call.
That’s all there is to it! Just wait a few seconds for Exchangr API and you will get the information! For more information about this API you can visit Exchangr’s website here.
Related post: Get Live Forex Data For Free Using An API
Also published on Medium.