Are you monitoring the products and currencies of your investments? Looking for an alternative site? Read this article and see how to apply the things we tell you!
There are an infinite number of materials and sources in the world, including the raw materials used to make everyday and business items. People can earn additional money by investing in these basic resources, sometimes known as commodities, because they are in great demand and can fluctuate in business transactions such as purchases and sales.
A commodity is a physical substance that may be exchanged, purchased, or sold in its most basic form. They are typically utilized as raw materials in the production of more refined goods. Oil, for example, is a fundamental ingredient in the manufacture of plastic polymers.
Traders and investors can buy and sell these commodities on the domestic or international market. There are many web platforms for this. A very common one is Commo-Prices, which provides reliable, accurate and current data, providing a diverse selection of commodities and raw materials. But, within its competitors we can find:
Commodities-API
It looks to be the most economical choice. This is a webpage that allows you to keep track of the pricing of numerous items. Finally, you’ll be able to accurately calculate and convert rates to your preferred currency. This online API delivers accurate rate data in a variety of currencies for a large range of commodities. Commodities-API originated as a simple, minimalist Open-Source API for recent and historical commodities prices from financial institutions. Two of its greatest features are highlighted below: The API is accurate, with a two-decimal point precision and a refresh rate of every 60 seconds, and it can give real-time commodities data. Commodities-API is built on a strong back-end architecture that allows for API request response speeds of less than 50 milliseconds.
Delivering commodities exchange rates, changing single currencies, and providing Time-Series and Fluctuation data are only a few of the processes. To keep your connection safe, the Commodities-API employs bank-grade 256-bit SSL encryption. Commodities-API is used by thousands of developers, small businesses, and huge corporations on a daily basis. Because of its dependable data sources and 6+ years of expertise, this API is the most popular site for commodity rates.
Barchart
Barchart was one of the first sites to offer commodities and futures market data. Is a global financial technology firm that serves the financial, media, and commodities industries with market data and services. It provides you with the commodity prices you require, when you require them, and it delivers them to you immediately. These open-source data APIs are simple to use, versatile, and on-demand.
Mundial Bank
The World Bank is an international financial institution whose primary mission is to assist developing nations who require financial assistance in the form of loans or credits and are experiencing poverty. It was founded in 1944 and is a subsidiary of the United Nations, which was founded the year before. It is also known as the World Bank in English. It is one of the world’s most significant institutions. The World Bank now has 189 members with offices all around the world, all of whom contribute to the global economic balance. Every member country has a representation on the World Bank’s Board of Governors, which meets twice a year to make decisions for the board.