Do you want to obtain real-time currency exchange? If so, you can do it using this free API!
Currency conversion or currency exchange refers to the conversion of one currency into another at current market rates. This is conducted in foreign exchange markets by professional traders such as banks, international traders and brokerage houses who make a profit from buying and selling currencies.
However, the exchange rate is not stable. It fluctuates based on market conditions, and therefore changes over time. Real-time currency exchange gives you access to up-to-date data about this rate; so that you can make informed decisions about what is best to do. The goal of real-time currency exchange is to provide up-to-date real-world information about currencies; and their values in relation to one another.
How To Get Real-time Currency Data
With a currency exchange API (Application Programming Interface) at your disposal; you’ll have access to real-time currency rates and conversions so that you can do business globally without any issues.
This kind of tool is used to make sure one is getting the best possible rate when converting money. And also helps you by tracking changes in the value of various currencies over time; so you can adjust prices accordingly or predict what the exchange rate will be in the future.
A great thing about using a currency exchange API is that it is practical and easy for anyone to use. You don’t need an advanced degree in finance or computer science; just open up an account and get started today.
Is There A Free Currency Exchange API?
Yes, there is! There are several free currency exchange APIs, but not all of them offer reliable results. Fortunately, we know of an API that is perfect for you: Exchangr API. This tool is a currency exchange JSON API that gathers forex data from a number of reliable sources (brokers, world banks, etc.). As a result, you get access to real-time rates for 172 different currencies throughout the world. Its data is updated on a daily basis, with intervals ranging from 60 minutes to 60 seconds. This data will help you keep track of the world market and decide when and where to buy or sell.
Exchangr API provides a completely free Small Plan. By creating and account, you’ll receive: 100 API calls per month; limited support; hourly updates; access to historical data; all base currencies; as well as access to exchangr’s endpoints including Conversion, Timeseries, and Fluctuation.
How To Get Started With This Free API
You may begin using Exchangr right now for free and without providing credit card information. Here is how:
- Register here. After that, you’ll be granted a one-of-a-kind API key that will provide you access to Exchangr’s endpoints.
- Select the currencies for which you wish to convert or acquire rates.
- Make the API Call.
And that’s all! With this API, you’ll always have the information you need without having to sift through many websites or pages.
So, whether you are an e-commerce business, entrepreneur, or freelancer, it is important to be up-to-date with a currency exchange API. Don’t waste more time and start now!
Related post: Where Can I Find A Free API For Forex Data Retrieval?
Also published on Medium.