Are you looking for forex exchange data which can provide your clients with historical and real-time data? If so, you can use this API.
If you have a financial business, you will agree that it is important to stay updated on the latest trends in the market. You need to know what is happening in the market and how this affects your trading activities. The best way to do this is by using an API for forex exchange data.
Also, providing your clients with access to this information will enable them to make better decisions when trading. It is also a great way of increasing the number of traders who will want to use your services.
This forex data is a means to track their investments and make informed decisions on when to buy and sell currencies. It provides them with insights into market behavior and helps manage risk.
Now, you can find two main types of forex data to provide your clients: historical and real-time. Real-time data is what happens in the market right now – how much money is being traded at each price level; Historical data records past activity such as price movements over a period of time (usually in months).
If your business provides forex trading services, you can use an API to present the latest price quotes from major forex exchanges for your clients sake.
But, How A Forex Exchange API Works?
An API (Application Programming Interface) is a way for two applications to talk to each other. It allows information to be shared back and forth through the use of coding languages that both parties understand, such as JSON and XML. APIs are used to power all sorts of different applications across a multitude of devices and platforms; think of your own phone and all the different apps that can communicate with each other on it.
So when it comes to a Forex Exchange API, you just have to copy and paste its code into your website’s code! That way, for instance, you will be running an e-commerce site that converts pricing between currencies on the fly as your customers browse!
Which Forex Exchange API Is The Best To Use?
Whether you’re a website owner looking to offer your customers the most accurate information possible; or a business seeking to expand your site’s functionality, we’ve got the solution for you. You should use Exchangr API!
Exchangr is a foreign exchange rate API that delivers accurate currency exchange rates and conversions. Hence, the data given by this API is the most trustworthy since it is gathered from reputable sources; such as international banks and brokers. It displays the world of forex in real-time and assist consumers in making sound financial decisions.
With Exchangr API integrated into your website, you’ll be able to provide real-time conversion rates from over 170 currencies. You’ll also have access to historical data from the last couple of years so that you can track trends in foreign exchange rates!
How To Get Started?
- To begin, go to Exchangr’s website and register. Creating an account is free and requires no credit card information.
- After you’ve done, you’ll be given a unique API key. This will provide you access to Exchangr’s endpoints, so keep it safe!
- Following that, you may select which currencies require rates or conversions.
- The last step is to make the API request. You may do so by looking over the documentation on Exchangr here. Everything from how to make an API call to Exchangr’s structure, probable problems, and code examples may be found there.
- Wait a few seconds after finishing these actions. You’ll get the information you need right away, without having to go searching for it on other websites!
For more information go to https://www.getexchangr.com/
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Also published on Medium.