If you want to learn how to integrate currency exchange rates into your project with an API, we have exactly what you need.
A currency exchange rate is the value of one currency in terms of another. For example, if you were to exchange 1 US dollar for 100 Japanese yen, the currency exchange rate would be $1 for ¥100. Why should you integrate currency exchange rates into your project with an API?
If you’re a student, a business owner or a developer who wants to create or sell an online service that depends on currency conversion, integrating with an API gives you the most up-to-date rates without having to do any research yourself. This means that you can have up-to-the-minute data on your site or app without having to pay for any of the calculations or conversions.
We recommend you try out Exchangr, since, in our opinion, it’s one of the best forex APIs available.
Why Exchangr?
Exchangr is a REST API that uses the JSON data format to deliver accurate currency exchange rates and conversions to consumers and businesses.
To summarize, the API includes five endpoints that may be customized for a variety of purposes.
- The live endpoint displays current currency rates.
- The historical endpoint returns currency rates from the past.
- A variety of currencies are supported by the Convert endpoint.
- You may discover currency rates over a certain time period using the time-series endpoint.
- For each currency, the fluctuation endpoint returns change parameters.
The Exchangr API accepts 164 different currencies and eight different cryptocurrencies from all around the world. They collect data from a range of commercial forex data sources and organizations using an algorithm. They do, however, update the data on a regular basis, with intervals ranging from 60 minutes to 60 seconds.
Are you ready to use an API to integrate currency exchange rates?
As a result, the Exchangr REST API endpoint has a diverse set of currency information. This works in any programming language and on any platform. Here’s how you may go about doing that. It demonstrates how to exchange any live currency for US dollars, British pounds, or Euros. The Exchangr REST API may be used for scripting, web, and desktop applications.
The final result will be as follows:
{"data":{"success":true,"timestamp":1645110720,"date":"2022-02-17","base":"USD","rates":{"EUR":0.879205,"USD":1}}}
You may also utilize the free tier on Exchangr. If you want more API calls per month, we highly advise you to upgrade your membership level. You can also get in touch with them for a more personalized answer. We can’t wait to see what you can do with a Forex API!
You can sign up here
Related posts:
How To Convert Euro To Dollar With A Free Forex API
Also published on Medium.