Do you want to try the best and safest currency conversion API? You need to try Exchangr.
The currency exchange rate is one of the most significant drivers of a country’s relative degree of economic health, along with variables like interest rates and inflation. Exchange rates are among the economic indicators that are most closely monitored, studied, and subject to political manipulation. However, exchange rates are also important on a smaller scale since they affect the portfolio’s real return.
The Exchange Rate API: What is it?
A set of computer instructions known as an application programming interface (API) facilitates communication between two platforms by requesting information, analyzing the responses, and relaying commands from one application to another.
Real-time currency conversion is accomplished by a currency exchange API. Similar to that, it offers historical information on a currency pair, which is useful for market analysis and forecasting price patterns. It delivers you crucial information cost-effectively, enhances efficiency, and saves you a lot of time.
Forex currency exchange rates
In the realm of Forex trading, traders must constantly be aware of the market exchange rates for different currencies. They utilize pre-made forex exchange rate API since it is crucial for them to understand both the historical and current exchange rates of the various currencies. This helps them with their trading and enables them to expand their company.
There are numerous brokers and websites available for you to choose from in accordance with your direction. Brokers are the people that carry out deals on your behalf in exchange for commission payments that you make to them either after or even before the trade.
But the thing is that if want a broker for your work, you should have to be very careful at the time of choosing one of them because there many scammers are present who are just looking for the innocent persons who want to trade in forex, they fraud them and escape along with there money.
Concentrate on core competencies
We can provide you with a currency conversion rate API that will make you feel quite secure. You don’t have to bother about locating and collecting forex data, keeping it accurate, compiling a database of past exchange rates, or capturing millisecond live data. Utilizing currency API enables you to concentrate on your area of expertise and satisfy your users.
Attract Clients to Grow Your Business
By using currency API, you may create a feature-rich, user-friendly platform for forex trading or analytics that your users will adore. Users can similarly access past data to carry out market research and make wise trading judgments.
Why do we recommend Exchangr?
If you are looking to tap into new markets or grow your business, this API is for you. If you want to make an international purchase conscientiously, this API is also for you. Exchangr collects information on more than 170 currencies around the world.
With this technology that is updated minute by minute, you will be able to be aware of the behavior of different currencies. It collects information from the most authoritative financial sources around the world. In addition, it works in different programming languages, which will allow you to easily incorporate the API into your website or app.
Also published on Medium.