Does your business requires to be up-to-date with currency conversion? If that’s so, this will interest you!
If your business supports multiple currencies, you’re in luck. APIs for currency exchange rates can help you make the most of the digital economy. Because they can increase your bottom line by helping you determine the best time to buy and sell foreign currencies. In other words, minimizing risk and maximizing profits.
Here are three industries that can benefit from currency conversion APIs:
1. E-Commerce Industry
If you operate an e-commerce business that sells goods or services internationally, your customers expect accurate pricing information based on their specific location and currency.
Rather than spending hours manually converting prices into various currencies, an e-commerce company can use a currency converter API that automatically updates prices for each customer-based.
2. Tourism Industry
Whether you’re a hotel chain or an airline company, foreign exchange rate APIs may help you understand how the price of the dollar affects your company’s finances.
We know that some destinations may be cheaper than others at different times of the year. But a tourism company with a foreign exchange API has access to real-time information on market trends. This helps them adjust their prices accordingly and maximize profits.
3. Digital media and marketing.
These days, digital content is available to readers around the world. And it’s common for online writers, journalists and bloggers to monetize their content by accepting payments in multiple currencies.
So: if you are looking for a reliable and popular forex API for your business, keep reading because we have the perfect recommendation!
Get Exchangr
Exchangr is a currency exchange rate API that uses the JSON data format to deliver accurate currency exchange rates and conversions. Hence, this API provides the fastest and easiest way to integrate real-time currency exchange rates into your own existing application or website. Just perfect for your business!
Exchangr is up-to-date with 164 currencies + 8 cryptocurrencies and provides you with updates at regular intervals. These intervals range from one minute to one hour, depending on your preferred plan. Also, you can access various advanced features, such us historical rates, convert single amounts, get currency’s change parameters, and much more!
Sign up to Exchngr
Click here and start using one of the best forex APIs on the Internet. It’s simple, quick and reliable!
If you liked this post, read more about currency conversions: Foreign Market Data Is Now Available At The Push Of A Button.
Also published on Medium.