Are you looking for historical rates of LBMA Palladium am values? This is the article for you!
Palladium is a brilliant silvery-white metal that is extremely rare. More than half of palladium and platinum is used in catalytic converters, which convert up to 90% of the harmful gases in automobile exhaust (hydrocarbons, carbon monoxide, and nitrogen dioxide) into harmless compounds (nitrogen, carbon dioxide, and water vapor).
Palladium is used in electronics, dentistry, medical, hydrogen purification, chemical applications, groundwater remediation, and jewelry. It is a key component in fuel cells, which use hydrogen and oxygen to generate electricity, heat, and water. Palladium is currently more costly than gold. It might be difficult, but not impossible, to locate historical market pricing. This information is helpfull to compare values along the tima and decide the best moment to invest. For this purpose, you can experiment with an API.
What is an API?
A software interface that allows two apps to interact with one another is known as an application programming interface (API). A mobile phone app connects to the Internet and sends data to a server when you use it. When the server receives this information, it analyzes it, takes the necessary precautions, and transmits it back to your phone. The computer then analyzes the data and presents it to you in an easy-to-understand manner.
Metals-API is a good choice if you wish to utilize an API that provides historical metals information to compare values over time. You’ll be able to get the most user-friendly service for tracking live metals prices in just a few simple clicks.
It’s pretty easy to sign up:
1. Sign up for your unique API key at www.metals-API.com.
2. On the website’s list, look for the LBMA Palladium symbol and the currency sign you want to use.
3. Using these symbols, add metal and currency to the list, then perform the API call. You may also select a programming language and different sorts of rates.
4. Most currencies’ historical rates are accessible all the way back to 2019. By attaching a date (format YYYY-MM-DD) to the basic URL, you may query the Metals-API API for historical rates.
The request will show something like this:
https://metals-api.com/api/2013-12-24 ? access_key = API_KEY & base = GBP & symbols = USD,CAD,EUR
An this is the response:
{
"success": true,
"historical": true,
"date": "2013-12-24",
"timestamp": 1387929599,
"base": "LBXPDAM",
"rates": {
"USD": 1.636492,
"EUR": 1.196476,
"CAD": 1.739516
}
}
Why Metals-API?
Every 60 seconds, Metals-API may deliver live precious metals data to an API with a 2 decimal point precision. Only a few of the services accessible include delivering precious metals exchange rates, changing single currencies, and giving real-time and historical rates.
The data is gathered from the most trustworthy sources, such as financial institutions and banks. In this situation, the information comes from the LBMA. For historical rates, you can find data from 2019.