Are you looking for sugar rates? Here, we’ll show you how an API can assist you.
Sugar is consumed in almost every country. Some have a lengthy history of use, while others are moving toward more natural options. Nonetheless, it is widely used in the food business and may be found in almost every home.
Sugar is a budget-friendly investment. This is due to the fact that the performance is always increasing and that the great majority of countries utilize it. Furthermore, this raw material is employed in the production of various food goods. Sugar is vital to the global economy since it is the primary carbohydrate in the majority of sweet foods.
As a result, it may be found in a variety of forms in our everyday lives. This contributes to the growth in demand, which resulted in a 14 percent increase in output between 2009 and 2018. As a result of all of this, it’s clear that sugar is a fantastic investment; all you have to do is execute it effectively.
If you invest in this type of thing, you should be aware of how important it is to stay on top of everyday price fluctuations. This might be the event that causes your assets’ trajectory to change. You may end up with terrible results and lose money if you do not watch the commodity and see how it performs in the market.
Knowing this, if you want to grow your business or invest in sugar, you need to be aware of its price virtually every hour. This may be accomplished through the use of an API, which is an interface that accepts data from a location and provides it to the person who made the API call. This may be found on a lot of websites and is really beneficial when you need current information straight away.
What Is An API?
This is a sort of technology that is utilized all over the world to deliver information on whatever you want to know by connecting two computers or programs and allowing them to communicate with one another. When you make a request to an API, you will get a response right away.
This is used for a number of purposes and can be crucial in ensuring that your assets continue to grow.
You’ll need to find software that allows you to access the API every hour to make use of this. There are plenty of them available online, but you should be careful which one you choose because they do not all work in the same way or provide the same results.
To save you time and money, we recommend you try out Commodities-API.
Commodities-API
This website compiles data prices in a number of currencies from various sources all around the world. Commercial sources are employed because, especially for large currencies, they give a more accurate depiction of market rates.
Commodities-API began as a simple, minimalist Open-Source API for recent and historical commodities prices from financial institutions.
Reliable
With a two-decimal-point precision and a 60-second frequency, the API can provide real-time commodity data. Commodities-API is built on a robust back-end infrastructure that provides high availability and response times (less than 50 milliseconds) for defined API requests.
Secure
The website uses bank-grade 256-bit SSL encryption to safeguard your connection.
Thousands of developers, small enterprises, and large corporations utilize Commodities-API on a regular basis. This API is the most popular due to its large data sources and 6+ years of expertise.
Endpoints
The API has a variety of endpoints, each of which has a distinct function. Getting latest commodity rates data for all or a specified group of currencies is one of the endpoint functionalities. Converting numbers between exchange rates, getting Time-Series data, and requesting daily fluctuation statistics from the API are all included.
Specific symbols
To reduce bandwidth, most API endpoints allow you to limit the number of output currencies to a certain set. Simply include the symbols parameter in your Commodities-API request and specify one or more comma-delimited currency 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.