Are you about to invest in the coffee market? Do you want to find the most stable currency in which to invest? Read this post where we explain how to use an API for this!
Coffee is a drink made from the roasted and ground beans of the coffee plant’s fruits; it is very stimulating owing to the presence of caffeine, a psychoactive chemical.
Coffee is one of the most commercialized products in the world, as well as one of the top three most drank beverages. Every day, in the world, between 1,600 and 2 billion cups of coffee are drunk? An average person living on the planet consumes 1.3 kilos of coffee in a year.
Because of this, coffee has always been and will be a highly tradable product. Experts have always bet on investing in the production of this product. But is it convenient to invest right now? The economy is unstable, there are wars on the horizon and ecological problems are becoming more and more alarming.
Experts explain that the solution is to invest in stable countries, such as Switzerland, which it is a stable country. The parity of the Swiss franc against the dollar, which is now steady, is one of the primary factors that propels the economy. It should be highlighted that despite having a considerably larger economic structure than Switzerland, the United States is unable to lower its income level. If you are interested in starting to invest in sugar through the Swiss currency, we recommend three APIs to do so:
Commodities-API
Commodities-API is a free and open website that uses an API to get real-time data on up to 170 different items on the market in various currencies. It is the site that we recommend the most because the service is run by receiving data from financial institutions every 60 seconds and working with two decimal places of accuracy. In turn, data and measurements from earlier days, weeks, months, and years may be accessed in order to get a stronger market position while investing. They also use bank-grade 256-bit SSL encryption to protect your connection.
Barchart
Barchart it´s a global financial technology firm that serves the financial, media, and commodities industries with market data and services. It provides you with the commodity prices you require, when you require them, and it delivers them to you immediately. These open-source data APIs are simple to use, versatile, and on-demand.
Commo-Prices
CommoPrices it´s a site that offers reliable, accurate, and up to date data. They provide a wide range of goods and raw materials. The amount of data included in a market determines its liquidity. They encrypt queries between your browser and their servers using HTTPS for security reasons.