Do you require to be updated with what is happening in the global market and succed in your projects? If so, we have the best foreing exchange APIs for you!
Financial decisions are not easy, especially when you don’t know anything about the financial world. When it comes to foreign exchange rates, there are a lot of things to keep in mind: currency pairs, buy/sell orders, where is best to buy, how much should you charge, and so on.
We know that all of this is complicated, and even more if you are a begginer! Fortunately, there are ways to make all of this easier for you. For instance, with the help of a Forex rates API, these decisions won’t be hard anymore.
What is a Foreign Exchange API?
An Forex rates API is an information gateway that allows you to utilize and adapt the data from a forex platform into your very own system.
With this interface, you can make applications that can help you decide what is best for your economic situation.
The best thing about this API is that it’s real-time, meaning that you’ll get all the information you need in a matter of seconds.
Now, anyone can use an Forex rates API; this tool is very easy to comprehend and you don’t need to be a professional developer to use it.
If you are currently looking for one, then you are in luck. We have one of the best FX API to recommend you, just keep reading!
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. Currencylayer
Currencylayer is a forex rates API that uses JSON format to obtain currency conversions and exchange rates. Its currency data is gathered from a variety of commercial sources, which results in accurate data for 168 different foreign currencies.
This API also has both: a Free Version, as well as Subcription Plans. If you want to use Currencylayer for free, you will get: 250 API calls per month, daily updates, view historical rates, and limited support. On the other hand, this API’s subcription plans starts at USD 11.99 / month.
3. Currency Conversion
Currency Conversion is a simple currency conversion API that provides basic currency conversion capabilities online. This tool gives you access to 150 different world currencies.
If your needs are simple, you can use Currency Conversion’s Prepaid Server, that starts at USD 3. This service is ideal for people who are not consuming a lot of requests, since you can pay as you consume. In this modality currency values are reset every 60 minutes; and the requests purchased never expires until used. On the other hand, the Premium Servers starts at USD 5 monthly and includes: premium support; 15 minutes updates; and high performance server for production use.
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 in the world’s most exciting market and make all the profits you need with the help of a forex API!
Related post: Can I Improve My Finances With A Forex Api?