For sugar stock owners and investors, is key to know the real-time prices of this raw material. Furthermore, it’s also important to know it in different currencies, in order to make international business more easily
International
Almost every country consumes sugar. Some have a long history of usage, while others are beginning to turn to more natural alternatives.
Nonetheless, it is utilized on a large scale in the food industry and it can be found in every home.
Sugar is a cost-effective investment. This is because the performance is always improving and is used by the vast majority of countries. Moreover, this raw material is also used for other edible products
Keep updated
You’ll also need to be aware of current exchange rates in a range of currencies if you’re considering investing. In fact, an API is the most exact way of getting this information.
Commodities-API
This website gathers data prices in a wide range of currencies from a variety of sources throughout the world. Commercial sources are used because they provide a more accurate reflection of market rates, especially for major currencies.
Commodities-API originated as a modest, minimalist Open-Source API for financial institutions’ recent and historical commodity prices.
Reliable
The API can offer real-time commodities data with a two-decimal-point accuracy 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 calls, fewer than 50 milliseconds.
Secure
To protect your connection, the website employs bank-grade 256-bit SSL encryption.
Commodities-API is used by thousands of developers, small businesses, and huge corporations on a daily basis. Because of its extensive data sources and 6+ years of experience, this API is the most popular.
Endpoints
The API offers a number of endpoints, and each one serves a specific purpose. Endpoint features include getting recent commodity rates data for all or a specific group of currencies. Also, converting values between exchange rates, retrieving Time-Series data and requesting the API for daily fluctuation data.
Specific Symbols
Most API endpoints allow you to limit the number of output currencies to a specified set of your choosing to save bandwidth. Simply add the symbols argument to your Commodities-API request and set it to one or more comma-separated currency codes or metal codes.
Example:
https://commodities-api.com/api/latest ? access_key = API_KEY & symbols = USD,CAD,JPY
The API’s response for the request above will be limited to the currencies USD, CAD and JPY.
Also published on Medium.