Invest in rubber using a foreign currency thanks to an API!
Natural rubber is an exceptionally strong, flexible and highly waterproof material. It provides us with the tires of our vehicles, the soles of our shoes, the gaskets of motors and refrigerators, and it serves to insulate cables and other electrical components.
Even during the last year of the pandemic, it has played a key role in the personal protective equipment used by doctors and nurses around the world, leaving figures that already hinted at a clear change of direction in the plastics and rubber machinery industry. In October 2021, the sector had grown 17% compared to the previous year. Among the countries with rubber trading companies are Austria, Switzerland and France with a supply of around 20 million tons per year.
Because of this, many investors have started to invest in this new commodity product that is rising in the market. But, to avoid having large losses, they have decided to bet on the Swiss Franc, a currency with stable growth in the stock market, coming from an economically strong country with no deficit. Therefore, in order to pour their money into a new product and stable coin, they need to be constantly informed. For this, we recommend Commodities-API.
What Is Commodities-API?
Commodities-API it´s a light-weight Open-Source API for current and historical commodity rates issued by banks and stock exchanges. The API can supply real-time commodity data with a precision of two decimal points and a frequency of up to every 60 seconds.
How Is It Used?
You can get data from the Commodities-API in whatever currency you choose, with an accuracy of 2 decimal points, and from a wide range of over 170 possibilities. You can also get 60-second data updates and conduct 100.000 API requests every month.
How To Use It For The First Time?
It´s very simple to get the data! Just follow these steps:
- Log in to the website
- Get an API key
- Choose the currency (CHF) or commodity (RUBBER) you want.
That’s all there is to it, and you’re free to utilize the API anyway you see fit.
It Is Safe?
With bank-grade 256-bit SSL encryption, the Commodities-API protects your connection. Thousands of developers, small enterprises, and large corporations utilize Commodities-API on a regular basis. This API is the most popular site for commodity rates because of its reliable data sources and more than six years of experience.
For more information, check their website.