Do you need to know an API that gives you rhodium fluctuation data? You should read this post!
It’s a tough, corrosion-resistant, and chemically inert silvery-white transition metal. It’s a valuable and scarce precious metal. Rhodium is one of the catalysts in three-way catalytic converters in automobiles, accounting for around 80% of global rhodium output. Rhodium detectors measure neutron radiation levels in nuclear reactors. Acetic acid and asymmetric hydrogenation, both of which are employed to generate medicinal precursors, are made with it.
If you work in one of these businesses and need to increase the efficiency of your investments, it’s critical to keep up with rhodium prices and examine the fluctuations over time. With this information, you can choose the optimal time to invest. You’ll need to utilize an API for this.
But, What Is An API, Precisely?
An application programming interface (API) is a piece of software that allows two applications on separate computers to communicate with each other. When you’re using a mobile phone app that is linked to the internet, it sends data to a server. Information is compiled and analyzed before being sent back to your device. The computer then analyzes the information and displays it to you in an easy-to-understand format.
Metals-API is a great option if you need to examine prices over time. It’s the most adequate API for this purpose, and it supports a wide range of metals and currencies. It receives and updates all important information from the world’s most prestigious financial organizations every minute.
Subscribing is pretty simple:
- www.metals-API.com will provide you with your API key.
- Look through the website’s list for the rhodium symbol (XRH) and currency sign you desire.
- Make the API request once you’ve added metal and money to the list of symbols.
- You have the choice of utilizing JSON or PHP as a programming language.
This is the API request:
https://metals-api.com/api/fluctuation ? access_key = API_KEY & start_date = 2015-12-01 & end_date = 2015-12-24
And this is the API response:
{
"success":true,
"fluctuation":true,
"start_date":"2018-02-25",
"end_date":"2018-02-26",
"base":"XRH",
"rates":{
"USD":{
"start_rate":1.228952,
"end_rate":1.232735,
"change":0.0038,
"change_pct":0.3078
},
"JPY":{
"start_rate":131.587611,
"end_rate":131.651142,
"change":0.0635,
"change_pct":0.0483
},
[...]
}
}
Why Metals-API?
Metals-API is one of the most precise and dependable API tools available. It collects information from about 15 reliable sources per minute. It collects information from banks and financial information businesses. As a consequence, you’ll know exactly how much it will cost.
Euros and american dollars are among the more than 170 currencies, commodities, and cryptocurrencies accepted. The API is a built-in JSON API, which stands for JavaScript Object Notation and eliminates the requirement for each app to write its ad-hoc code to connect to servers that communicate in a certain way.