Are you looking for a tool that can help you compare currency strength? If so, we can help you!
First of all, we live in a global economy. We are sure many of us have worked or lived in other countries at some point in our lives. If you have, you’ve probably had to exchange currency at some point. Now, the global market is an integral part of international commerce where different currencies are bought, sold, and exchanged. That’s why it’s important for companies and individuals to know the relative strength of their currency compared to other currencies.
Did you know that you can use a foreign exchange API to compare currency strength? This tool makes it easy to do in-depth analysis of how one currency might fare against another. Let’s see how:
Who can benefit from knowing Currency strength?
Anyone who has dealings across borders can benefit from this kind of analysis to make wise decisions about their future. In particular, those with overseas investments should be well informed of what’s happening in the global market and how it will affect them.
Also, companies engaged in international trade need to know the real-time value of various currencies so they can make sensible decisions about how best to conduct business internationally. That’s why having access to a foreign exchange API gives them a way to always be up-to-date on worldwide economic matters that affect their business. And what is better for them than having the greatest foreign exchange API?
Get ahead of what is happening with Exchangr
Whether you’re selling goods or services internationally, needing a Forex funds, or just want to save money when traveling abroad, Exchangr API is your solution! This tool is a JSON-based REST API that makes it simple to convert currencies and acquire foreign exchange rates.
With Exchangr, you will have access to up to 172 world currencies, all of which are updated and reliable. This totals 30.000 currency pairs, all of which were gathered from extremely credible foreign exchange sites. In addition, this API will give you access to current forex rates and also historical rates going back several years. Also, you can get advanced features such as: all base currencies, time series, fluctuation, and more!
With Exchangr at your disposal, you can make wiser decisions about your future and be better informed about what goes on in the world market.
Is Exchangr Trustworthy?
Absolutely! This API is very safe to use, because is secured at bank-level. This means that your communication with Exchangr’s endpoints is secured with bank-grade 256-bit SSL encryption. So don’t worry about any breach of security, Exchangr is extremely safe!
Also, you can use exchangr in no time. Just follow these steps:
- Get your API key. To do so, you will have to register here. This one-of-akind number combination will grant you access to Exchangr’s endpoints. Also, registration is for free!
- Pick the currencies for which you want to get rates, or convert.
- Make the API request. You can follow the Documentation here, and learn more about how to execute it rightly.
In a matter of seconds Exchangr will provide you with all of the data you require!
So, as you can see, with Exchangr’s help you will be able to calculate, analyze and compare all the data for currency strength, and more!
Related post: How to Trade in the Forex Market with an FX API
Also published on Medium.