Do you wish to obtain ethanol rates in Indian Rupees? Use an API!
Ethanol fuel is a source of energy that is derived from ethyl alcohol, which is also found in alcoholic drinks. It is extensively used as a biofuel addition for gasoline as well as a motor fuel. Typically, biomass such as maize or sugarcane is utilized in the production of ethanol.
It is a commodity that is widely used and manufactured in Brazil, Europe, and the United States. Most cars on the road now in the United States can run on up to 10% ethanol blends, accounting for 10% of all gasoline sold in the country. Some flexible-fuel cars can only run on ethanol.
In July of last year, the Indian government established a target of 20% ethanol blending with gasoline by 2025. The government has also established a target of progressively transitioning to 100% ethanol-powered automobiles. The government of India has promoted the use of biofuels through the National Policy on Biofuels (NPB).
As a result, it may be critical to remain up to speed on ethanol rates in Indian Rupees in order to make wise investment selections. If you do not monitor the commodity and observe how it performs in the market, you may end up with poor outcomes and lose money.
This may be done by using an API, which is a user interface that receives data from a location and returns it to the person who performed the API request. This is popular on many websites and is quite useful when you need up-to-date information immediately.
But, What Exactly Is An API?
You will obtain data in a couple of seconds after initiating a request to an API (or, more correctly, making an API call). Depending on the API, this answer is sent in a variety of computer languages, including JSON, PHP, and Python.
If you’re seeking ethanol rates in Indian Rupees, we propose Commodities-API, a free online API that gives real-time data on commodity prices such as coffee, rice, sugar, and wheat.
You must do the following to make advantage of it:
- To obtain your own API key, go to www.commodities-API.com.
- Find the symbols you wish to put to the test (ETHANOL and INR)
- Locate the commodity and money in the list using these symbols. Make the API call after you’ve decided on them.
- Look for the most up-to-date price. The website will provide you with an API in a variety of computer languages that you are free to customize and use anyway you see appropriate.
You will obtain the following API:
{
"success": true,
"timestamp": 1519296206,
"base": "ETHANOL",
"date": "2018-09-10",
"rates": {
"INR": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
Additional Information About This Software
Commodities-API can deliver real-time commodity data with a 2 decimal point precision and a frequency of 60 seconds. Exchange rates for almost every commodity, as well as Precious Metals, currency conversion, Time-Series data, and volatility statistics, are all available.
Rice, wheat, coffee, corn, sugar, Brent crude oil, West Texas Intermediate crude oil, soybeans, gold, silver, and other commodities are all rising in price. This API provides accurate commodity and exchange rate data for over 170 currencies, including Bitcoin and other major cryptocurrencies.
Also published on Medium.