Are you looking for a free exchange rate API? In this post, we’ll recommend one that allows you to convert colones to dollars.
The Costa Rican colon is the legal and official currency of Costa Rica. It is the currency that has circulated in that country since 1986, leaving behind the peso. The colones coins that currently circulate are 5, 10, 25, 50, 100, and 500. The entity that issues these coins is the Central Bank of Costa Rica. In addition, the banknotes issued by the same organization are 1,000, 2,000, 5,000, 10,000, 20,000, and 50,000.
Due to the rebound after the pandemic, the Costa Rican economy grew by 7.6% in 2021. This was the rate of increase in the economy with the highest levels since the 2008 crisis. Growth is still forecast for the country of America for this year of 5.4%.
Currently, there are many fluctuations worldwide in international currencies. These days the dollar has been experiencing several changes concerning the Costa Rican colon. Compared to the last few weeks, the United States currency has been experiencing a decrease of approximately 1%.
In any case, this does not affect the increase of last year, which is 11.80%. The latest movements mark a break from the negative streak in which the US currency came. The fluctuation is approximately 13.43% and in this way, the currency is shown as an asset with greater volatility. This would be showing a general trend of the currency.
Concerning how the year is coming, the dollar experienced a maximum value in Costa Rican colones of 691.76 on average. Its lowest level, on the other hand, was approximately 621.72 colones.
Use An API
An API is a programming interface that allows you to transfer information from one device to many others. In this case, the interface must have data on different currencies around the world and at different times to help you invest or advise investors and currency sellers. You can incorporate the API into your digital media depending on the programming code you use.
Exchangr will be a very useful tool for you. It is an API that contains these currencies you are looking for and hundreds more from all over the world. You will also be able to see the values of currencies at different historical moments to compare the macroeconomic factors that influence the costs of currencies. Incorporating this information on your website or app will help you provide an excellent service with confidence and transparency to your users.
Why Exchangr?
You’ll be able to use Exchangr in your preferred computer language: use it in Python, PHP, JSON, C#, and Ruby. Plus, you’ll find a wealth of API documentation to fully incorporate your digital media.
Start using Exchangr and become a specialist in international exchange rates! You can convert one currency into any other: you can use USD, CRC, CHF, pesos, and EUR or whatever currency you find convenient. There are both physical currencies of the different nations and virtual currencies. Obtain FX data with this currency conversion API too.