Do you want to be up to date with what is happening everyday? If so, a forex rates API is your solution!
The foreign exchange market is an over-the-counter (OTC) marketplace that determines the exchange rate for global currencies. Participants include: governments and central banks; commercial banks; other institutional investors and financial institutions; currency speculators; other commercial corporations; and individuals. So, if you are looking to make more money by investing in the world’s largest market; then you need to take advantage of a Forex API. This is not an option, but rather a necessity if you want to get started in this lucrative industry.
A Forex Rates API for your everyday use
A Foreign Exchange (Forex) API refers to the interface or platform that enables your platform to connect with the global market, so you can execute trades (buy/sell) or extract historical data (for analysis). You can use it as much as you’ll like and it will give you the most recent updates; so you’ll always know what is happening at any time.
There are many different types of forex rates APIs. On one hand, a free API may be the right one for you if you’re just looking to convert a couple of currency pairs, say, from a hobby project. However, in the long run, it may not help you much in your trading journey. For this reason we want to recommend the most recent forex rates API, which brings together these two caracteristics: free and low-cost.
Use Exchangr API everyday
Using an API for foreign exchange can help to make things much easier for you. And that’s no exception with Exchangr. This forex rates API will deliver you real-time foreign exchange rates, and historical forex data in no time. It will also allow you to have the currency conversion done in just a few minutes instead of hours or days. Exchangr’s collects its forex information from a variety of reputable sources, including banks, commercial sites, and brokers. Thus, the data obtained for about 172 world currencies (including cryptocurrencies) is precise and reliable!
With Exchangr’s you won’t have to worry about rates changing constantly because of the fluctuation in the economy. You will be able to see exactly what rate your bank is offering and know exactly how much money you should be making on each transaction that you make.
Do you want to start using Exchangr?
If you do, then follow these steps. You can try it for free and see if this is your ideal forex rates API. You won’t even need your credit card details to do so. Let’s see:
- To begin, sign up here for an account. After completing the formulary you will be given your own API key, this combination of numbers will let you access to Exchangr API’s endpoints.
- Then, select the currencies to obtain rates or conversion.
- Finally, execute the API request. Exchangr’s Documentation can assist you in this step. Visit it here and learn more about API calls, Exchangr’s structure, code references, and more!
- Wait a few seconds for your results!
Also with this Free Plan you can obtain: 250 API requests per month; Historical information; frequent updates; the possibility of any currency can be used as a base currency; access to several Exchangr’s endpoints like Conversion, Timeseries, and Fluctuation. Furthermore, if these perks are not enough for your needs, you can subscribe to a paid plan and get advanced API access, advanced features, and more advantages!
All in all, it seems that Exchangr is the best choice for you, so start using it right away!
Related post: A Simple Forex API For Downloading Foreign Exchange Rates
Also published on Medium.