Are you afraid to loose more than what you gain when selling/buying overseas? If the answer is yes, a forex API can help you!
Whether you’re an e-commerce company that sells online, or a brick-and-mortar retailer who also has an online presence; every order you receive from abroad is subject to foreign exchange fees. In fact, a recent survey by World First found that almost 80 percent of U.S. businesses say they’ve lost money because of poor foreign exchange rates.
Forex fees are constantly changing because of volatility in the market. If your website doesn’t update the prices that reflect this volatility; you could lose money every time someone makes an international purchase.
So how do you keep up with the constant change? The answer is simple—use a foreign exchange API to broadcast current exchange rates on your website.
How A Forex API Can Help You
A foreign exchange API (Application Programming Interface) allows users to integrate live currency market data into their own applications including business websites. By broadcasting updated information about the world of economics and finance, your business will thrive in today’s market.Because,your clients and visitors will be well-informed about their purchase; meaning that they will definetly buy as you will seem a legitimate and trustworthy business!
What Forex API Should You Use? Use Exchangr!
Exchangr can help you build your business by providing quality information about the economic trends of our world. This forex API uses JSON to provide you with information about 172 world currencies (including eight cryptocurrencies). It’s forex data is gathered from several reputable commercial sources. Thus, this API is realiable, accurate and trustworthy!
The service is easy to set up and can be customized to fit your business needs; whether it’s a live forex ticker for one currency pair or a complete solution for multiple currency pairs that updates every minute. Also, it can be integrate it into your website or application without the need of coding; because Exchangr offers a WordPress Plugin.
You don’t need to leave your house, or office, anymore to get accurate and timely information about international currencies. With Exchangr, you can have the information at your fingertips. To use it, just follow these steps:
What to do if you have problems using Exchangr:
First of all, don’t worry! If you can’t execute the API call properly and don’t know what to do, we recomend you to:
- Visit Exchangr’s Documentation by clicking here. There you will learn about Exchangr’s API structure, methods, potential errors and code examples. It can be a little complicated because this API comes with multiple endpoints, each serving a different use case; but, this extensive Documentation will help you get your request trougth in no time!
- If you are still having trouble, then maybe you can find your answer in Exchangr’s FAQ site. Click here and read the already-answered-questions. This can help you understand better how this API functions; as well as knowing about its Sources and Data, Pricing and more.
- If all of the above didn’t work, then you can contact Exchangr’s support directly. They will be happy to assist you, and you can contact them from 10 a.m. to 7 p.m. (EST time). Just send them an electronic mail, or use the contact form to send them a messege. They will respond as soon as possible!
And there you have it! Get started with Exchangr to make your business thrive in the forex market!
Related post: A Forex API Can Be Useful For Investments?
Also published on Medium.