Do you want to invest in Swiss francs and rubber? Don’t know how to do it? In this post we explain how to use an API to measure the metrics before investing.
Rubber is an elastic polymer that naturally occurs as a milky emulsion in the sap of many plants but may also be synthesized. This texture is derived from the milky juice of various tropical plants, and it is elastic, waterproof, and durable. It’s used to make tires, insulating pipes, and other products. The material is exposed to high temperatures known as vulcanization during its production.
More than half of all rubber produced is used in automotive tires, with the remainder going into mechanical parts like mountings, gaskets, belts, and hoses, along with consumer goods like shoes, clothes, furniture, and toys.
Rubber is a significant product in the market because of its large consumption in the industry, and many economic gurus bet on it. However, because the nations from where this material is sourced have relatively fragile economies, investors have mobilized their profits to Swiss Franc.
Economists choose the Swiss franc because it is a very stable currency. Although Switzerland has strong economic pillars focused on the export of chemical and pharmaceutical products, and the precision industry such as watches, electronics or machinery. Foreign trade is another main contributor to Swiss GDP.
Another of the main reasons that drives the economy is the parity of the Swiss franc against the dollar, currently its parity remains at a stable level. It is worth noting that the United States does not manage to bring down the level of income of Switzerland, this despite the fact that its economic structure is much larger. In order to measure stock market data, experts use Commodities-API.
What Is An API?
The API (Application Programming Interface) is the interface via which computer applications communicate with one another. The major goal is for developers to save time and money by decreasing the amount of work they have to complete.
Why Choose Commodities-API?
Commodities-API is a software application that shows real-time commodity data. It might update every 10 minutes or every 60 seconds, depending on the package. It also gives historical information, allowing you to reflect on past occurrences and formulate future goals.
Trustworthy
The API can offer real-time commodities data with a two-decimal-point precision and a 60-second frequency. Commodities-API is designed on a solid back-end framework that ensures high availability and response speeds for defined API requests of fewer than 50 milliseconds.
Practical
The platform has the convenience of being very simple to use. Just follow these simple steps:
- Log in
- Get an API-key
- Choose the currency (CHZ) and the commodity (RUBBER) of your desire.
Insurance
To safeguard your connection, the website employs bank-grade 256-bit SSL encryption.
Commodities-API is used by thousands of developers, small businesses, and huge organizations on a regular basis. Because of its broad data sources and 6+ years of expertise, this API is the most popular.
For more details, check their website.