Do you need foreign exchange data for dynamic currency conversion? If so, you should use one of these APIs!
Currency exchange markets are used to convert one currency into another. These markets facilitate trade and investments between different countries and currencies. They can be classified according to the location of trading parties and traded products.
The process of currency conversion is generally do by a financial institution, such as a bank or exchange, or by some other authorized agent. In some cases, however, currency conversion may be done by a customer who has the relevant technological means.
Using an API can simplify this process, allowing you to receive a simple, fast and accurate currency conversion service without having to worry about the complexities and financial middlemen or institutions.
APIs allow you to access data from a third party without having any knowledge of how it was collected or stored originally. This means that an API-driven service can be specifically toward your needs without any additional programming work on your part; all you have to do is request the information.
If you are looking for some reliables currency convertors then you have come to the right place. We have compiled a list of the best currency conversion providers and forex exchange data API’s that are currently available.
Let’s take a look at three of the best for you!
1. Exchangr
Exchangr is a foreign exchange rates and currency conversion JSON API that provides precise and trustworthy information about the forex market. Due to its format, this tool collects information from reputable sources on 164 global currencies..
With Exchangr you can comprehend, follow, and be updated on what is going on in the world of economics and determine is which move you should do next. Maybe invest here, or purchase that from there, you can calculate without risk with its help!
With Exchangr, you won’t spend a cent because you can use its Free Plan. This one is very complete: you will get 250 API calls/month; coustumer support, hourly updates, access to historical data, and access to various endpoints (including timeseries, fluctuation and conversion).
However, in case you need more, you can pay a low monthly fee of USD 10 for enhanced API access, perks, and advanced features.
2. Xecurrencydata
Xecurrencydata provides real-time, accurate and reliable currency exchange data for hundreds of worldwide currencies. This API connects you to comprehensive in-depth currency market history along with updated foreign exchange data; this intergrate with over 100 highly reputable global sources.
It offers 170 world currencies + precious metals. Information about virtural currencies are coming soon!
3. Fixer
Fixer is a simple and lightweight JSON API for current and historical foreign exchange rates. Also, You can start in under 10 minutes. Aside from live data, Fixer also comes with separate endpoints for single currency conversion and Time-Series data.
What’s more, it offers real-time exchange rates data for 170 world currencies; sourced from financial data providers and banks. The free plan provides 100 API calls monthly, hourly updates, and access to historical data.
So which of this APIs should you choose?
That is completely up to you! Now you have all the information you need to decide what’s best for you, your economy and your financial decisions! Inmerse yourself into the world’s most exciting market and make all the profits you need with the help of a forex API!
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Also published on Medium.