Have you lost hours looking for currency exchange historical data, or have you felt that you do not understand your market because you lack information on historical exchange rates? If so, worry not! We can help the perfect solution an historical forex rates API!
In business, it is important to pay attention to the details and manage your time and money effectively. As a business owner, you may have to spend precious time on tedious tasks; such as learning about the actual currency exchange and conversion. This can be not only time-consuming but also costly.
Furthermore, you don’t only have to know about what is happening right now, but also about what has happened in the last few years. Knowing about the past status of currencies and their fluctuations will help you better understand the present.
In addition, you will be able to make financial decisions based on the currency’s history. This will give you some stability amid all the changes that are currently happening in the forex market.
In summary, it is crucial to be able to access historical data that is accurate and reliable in order to gain insight into trends in the market. Lucky for you, we know how to do so, without spending hours or money!
Use an Historical Forex Rates API.
An API is an application programming interface that enables two software systems to communicate with each other. In this case, a currency exchange API is an online tool that obtains foreign exchange rates, as well as currency conversions. Also, this kind of tool allows you to download historical currency data and incorporate it into your website, or application.
Many people can benefit from this kind of API. From economic students, to business owners, anyone who want to analyze the markets and make better decisions can use a Forex API! And good news! We have the perfect one for you:
Get Historical Data with Exchangr
Exchangr is a real-time JSON API that gives you foreign exchange rates, AND currency conversions. Its forex data is very reliable since it gathers information from several financial sources, including banks from all around the globe. Thanks to its precision, Exchangr offers the most recent and accurate rates for 30.000 currency pairs (172 world currencies in total!). This information is updated at intervals ranging from every 60 minutes down to 60 seconds.
Furthermore, Exchangr offers advanced features such as:
- Access to Historical Data Rates
- Conversion of single amounts
- Currency’s change parameters
- Switch Source Currency
- And more!
You can use Exchangr for analysis and make financial decisions based on facts rather than guesswork!
Is Exchangr free to use?
Lucky for you, yes! Exchangr has a Free Plan that is very comprehensive. With it you can make 250 API Calls /month; access support and regular updates. Also, you can get historical rates data, as well as access to Exchangr’s different endpoints (conversion, Timeseries, Fluctuation). This Plan is perfect for anyone who needs financial advise when starting up any project.
Of course, if you need more than what was mentioned, you can get advanced features and advanced API access through Subscription Plans. These are budget-friendly and starts at USD 10 monthly.
Also using Exchangr is very easy:
- Sign up here. No credit card details needed! Immediately after you will obtain an API key.
- Choose the currencies you want to obtain rates, or convert.
- Make the API call.
That’s all! See? Easy! If you need more help, check out Exchangr’s Documentation by clicking here. Or visit the Frecuent Asked Question page by clicking here. We are sure these places will solve all your doubts!
There you have it! Exchangr is the perfect tool for you. Start using it right now to make better financial decisions based on historical data!
Related Post: Is There A Foreign Exchange Rates API to Know The Price Of Currencies?
Also published on Medium.