Do you want to learn how to use a currency conversion PHP API? If your answer is yes, keep reading!
The financial industry has always been one of the fastest growing areas of technology, so there’s no doubt that it will continue to grow at an exponential rate. Nowadays, having a foreign exchange data API is necessary if you want to stay competitive in this field.
Businesses need access to historical data and real-time information about currency exchange rates in order to make decisions about international currencies; and facilitate transactions between companies located in different countries.
How Do Currency Conversion PHP APIs Work?
A currency conversion API is a type of software application programming interface (API) that allows you to access real-time or historical data on foreign exchange rates. It’s a system that gathers data from several sources, such as Forex brokers and banks; and provides it in a format that’s easy to integrate into your application.
A PHP API use XML technology to send and receive data in the form of PHP objects. The API sends updates as they occur, often in less than one second. You can use this data to make decisions about foreign exchange trades; or other financial transactions. You can also use it to create charts and graphs on your website or web application.
Which PHP API Is The Best To Use?
There are a lot of PHP APIs throughout the Internet. However, not all of them are realiable and accurate. That is why, we have investigated them and found out the best foreign exchange data API. If you want to start using one, we recommend you Exchangr API.
Exchangr is a currency conversion PHP API that supports over 170 currencies from across the world. Its currency data comes from a number of reliable sources; such as international banks, and brokers; guaranteeing that the information it gives is accurate and reliable. Depending on the plan you choose, the forex information delivered is updated at intervals ranging from 1 hour to 60 seconds.
In addition to keeping you up to date on currency rates and conversions; Exchangr allows you to access advanced features such as: explore historical data; make complex API calls; conversion of single amounts; obtain currency’s change parameters; and more!
Start Using A PHP API For Currency Conversion
- To begin, go to Exchangr’s website and register. Creating an account is free and requires no credit card information.
- After you’ve done, you’ll be given a unique API key. This will provide you access to Exchangr’s endpoints, so keep it safe!
- Following that, you may select which currencies require rates or conversions.
- The last step is to make the API request. You may do so by looking over the documentation on Exchangr here. Everything from how to make an API call to Exchangr’s structure, probable problems, and code examples may be found there.
- Wait a few seconds after finishing these actions. You’ll get the information you need right away, without having to go searching for it on other websites!
For more information go to https://www.getexchangr.com/
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Also published on Medium.