Do you want to obtain silver rates in the Japanese Yen? Then, you need to employ this API.
Silver is one of the world’s most widely produced and traded precious metals. Mexico led the way with 178 million ounces of silver produced in 2020, followed by Peru and China.
This industry is noted for moving quickly and affecting a large number of individuals all around the world. As a result, it’s vital to maintain track of their daily rates.
To summarize, silver has a diverse set of properties and applications. It’s a part of the most important industries in the economy, as well as our daily life. Silver prices fluctuate daily due to a multitude of variables, making the market particularly volatile. As a result, being current on market pricing is critical for determining the best moment to invest. It might also be tough to keep up with changes in Japanese Yen values. But it’s not out of the question. As a result, you should make use of an API.
What is an API?
An API, to put it another way, is an interface that gives you information about almost anything you need almost instantly. Because an API allows two computers or apps to speak with each other, this happens.
The interface will react with the expected result when you send an API call, such as for metals price in euro. The majority of international websites employ this method because it is effective and time-saving.
When choosing an API to use for this purpose, keep in mind that not all APIs are created equal. However, there is one wonderful tool that you could find useful: Metals-API.
Why Metals-API?
Metals-API started out as a simple, light-weight Open-Source API that gave users access to current and historical precious metals pricing as supplied by banks. Metals-API can provide real-time precious metals data via API with a precision of 2 decimal points and a frequency of 60 seconds.
All of these capabilities include delivering Precious Metals exchange rates, converting single currencies, providing Time-Series data, fluctuation data, and the lowest and highest price of each day. It contains values in over 170 metals (including silver) and a variety of currencies (such as the Japanese Yen).
How to use it?
1- You will receive an API key from www.metals-API.com.
2- Look up a list of silver symbols and monetary signs on the internet to find the one you want. In this case, the Japanese Yen has been chosen as the currency.
3- After you’ve added metal and money to the list of symbols, make the API call.
4- As a coder, you have the option of using JSON or PHP.
Also published on Medium.