Are you trying to get uranium rates in Australian dollar but don’t know how? Try using an API!
Uranium is a heavy silvery-grey metal in the periodic table’s actinide class that is employed as an abundant source of concentrated energy. It is the element with the largest atomic weight among the primordially occurring elements. It has a density that is around 70% more than that of lead and somewhat lower than that of gold or tungsten.
Uranium has become a critical commodity with the advent of nuclear energy since the 1950s. This is especially true for countries that rely heavily on nuclear energy to meet their domestic energy requirements. In 2019, global uranium output was 54,752 metric tons. Kazakhstan is the world’s greatest single producer of uranium, with a total output of around 22,808 metric tons. Canada, Australia, and Namibia are all major uranium producers.
Now that we understand better why uranium is so important to the global industry and why it can be critical to know its rates in Australian dollar, the currency of one of the countries that produce the most uranium. However, how can you stay updated on these rates at every hour or minute? For that, you should use an API.
What’s An API?
An API is an interface that collects data from a place and then provides it to you almost instantaneously. With this, you and your clients can check the price of uranium every time it’s needed.
To access this, you need to find a good software that counts with an API perfect for getting the price of uranium. This can be a hard task, since not every software works the same way or is able to give you the information you need. Choosing the wrong one can make you lose a lot of money and time, so you have to advance carefully.
To help you with that, we highly recommend using Commodities-API, one of the most useful and complete softwares for commodities rates available at the moment. This platform supports rice, wheat, coffee, corn, sugar, Brent crude oil, WTI crude oil, soybeans, gold, silver, and a variety of other commodities.
To obtain the information, you must:
1. Go to www.commodities-api.com and create an account to get your API key.
2. Look for the Uranium and Australian Dollar symbols (AUD).
3. Once you’ve got them both, enter them and make the API call.
4. The program will respond with a JSON response that you can adapt and use however you like.
The response will look something like this:
{
"success": true,
"timestamp": 1519296206,
"base": "EUR",
"date": "2018-09-10",
"rates": {
"AUD": 1.566015,
"CAD": 1.560132,
"CHF": 1.154727,
"CNY": 7.827874,
"GBP": 0.882047,
"JPY": 132.360679,
"USD": 1.23396,
[...]
}
}
How Accurate Is This?
100%! This program uses an API to get data from banks and the stock market, making it completely dependable. It then offers you this information with an accuracy of two decimal points and can adapt it to JSON, PHP, and Python. Furthermore, Commodities-API employs bank-grade 256-bit SSL encryption to safeguard your connection.
Also published on Medium.