Would you like to obtain data on the different exchange rates? Well, using this currency exchange rate API, you will be able to obtain the data you are looking for! Also, be 100% sure that the information is obtained from reliable sources. To find out more info, just read this post!
The exchange rate is an economic indicator that tells us the value of our currency or currency in relation to other currencies or, in other words, how much of those other currencies we need to buy or make a payment in ours or vice versa. The banking entity of each country, normally a central bank, supports the value of the currency, generating confidence in it not only through its reserves (amounts of gold or dollars that it has saved) but also through other indicators to generate confidence such as certain behaviors and characteristics of the economy in which it operates.
Therefore, the value of a currency depends entirely on the confidence or lack of confidence generated by who has issued it and their circumstances and economic policy, so there are strong currencies issued by economically strong and healthy states and weak currencies issued by states that they are not. This sets what its behavior will be and, above all, its loss of value over time or inflation, which will end up determining its price in the foreign exchange market. For example, a few months ago the dollar, historically lower than the euro, managed to outperform the European currency. This was due to the instability in Europe.
Trading in the foreign exchange market, known worldwide as Forex, is not easy. But by using Get Exchangr, this task will be much easier. It is one of the digital tools most used by investors in the world.
Get Exchange Rates Data by using Get Exchangr!
The world Forex market generates billions of dollars. Many people invest a lot of money to buy or sell currencies. Therefore, being such a risky business, the source of information must be secure. Get Exchangr is the ideal option for these reasons. All information is collected from commercial sources and international banks around the world. In this way, the information quality is 100% accurate. Also, this information is updated frequently! If you purchase the Pro plan, the information will be updated once every 60 seconds. In this way, your investments will be better protected.
Get Exchangr is used to power financial departments, mobile applications, and back-office systems around the world. In addition, thanks to the available endpoints, investors get the possibility to execute other financial strategies. For example, the endpoint called Historical Rates Endpoint will allow you to obtain historical data of the currency you want. Many users often use this information to create charts and thus compare the information and the evolution of each currency.
Currently, Get Exchangr offers information on 164 Currencies and 8 Cryptocurrencies, a total of 174 currencies. It is a great opportunity that you should not waste. Using this API, your investments in the Forex market will be more secure. If you have any doubts or questions, enter the website and you will see a virtual chat, always online from 10 am to 7 pm (EST time). Urgent requests are usually handled within minutes. Don’t miss this chance! You have to use this amazing API!
Also published on Medium.