Are you looking for a tool that maximizes your rhodium investments? This is a post you must read!
It’s a tough, corrosion-resistant, and a chemically inert silvery-white transition metal. It is a precious metal that is both valuable and uncommon. Rhodium is used as one of the catalysts in three-way catalytic converters in cars, which accounts for approximately 80% of worldwide rhodium output. Rhodium detectors are used in nuclear reactors to track the level of neutron radiation. Rhodium is also employed in the synthesis of acetic acid and asymmetric hydrogenation, which is used to create pharmacological precursors.
The price of rhodium has changed a lot in recent weeks. So, if you work in one of these businesses and need to make your investments more efficient, staying up to current on rhodium prices hourly is critical. You can decide when the optimum time to invest is based on this data. You’ll need an API to accomplish this.
An API is a software program that enables two programs on different machines to communicate with one another. When you use a mobile phone app that is linked to the internet, it sends data to a server. Data is captured, analyzed, and suitable protections are taken before being sent back to your phone. The computer then analyzes the information and displays it to you in an easy-to-understand format.
Metals-API is a good option if you need to keep track of prices. It’s the most up-to-date API for this purpose, and it supports a wide range of metals and currencies. It collects and updates all important data from the world’s most prestigious financial organizations every minute.
Subscribing is easy:
- Your API key will be provided by www.metals-API.com.
- Look through the list of rhodium symbols (XRH) and monetary signs on the internet to find the one you want.
- Once you’ve added metal and currency to the list of symbols, make the API request.
- As a programmer, you have the option of using JSON or PHP.
It will seem as follows:
{
"success": true,
"timestamp": 1519296206,
"base": "XRH",
"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,
[...]
}
}
Why Metals-API?
Metals-API is one of the most precise and efficient API tools available. It collects data from about 15 reliable sources per minute. Among them are banks and financial data businesses. As a consequence, you’ll know exactly how much it will cost.
More than 170 currencies, commodities, and cryptocurrencies are accepted, including Bitcoin and Litecoin. The JSON API, which stands for JavaScript Object Notation, eliminates the need for each program to develop its ad-hoc code to connect to servers that interact in a certain way.