Ethanol fuel is derived from ethyl alcohol, the same alcohol found in alcoholic beverages. It’s most typically used as a motor fuel and as a biofuel additive for gasoline. Ethanol is commonly made from biomass, such as maize or sugarcane.
In Brazil, the United States, and Europe, ethanol-blend fuel is extensively utilized. Most cars on the road in the United States today have the ability to operate on ethanol mixes of up to 10%, which accounts for 10% of all gasoline sold in the country. Some flexible-fuel vehicles have the ability to run entirely on ethanol.
The majority of people that use it are Americans, but it is also in high demand in other countries. As a result, a big number of people opt to invest in such items. Earning money in this profession, though, might be difficult if you don’t have the necessary equipment.
Historical Rates
If you don’t know what historical rates are, you’re losing out on one of the most effective methods to understand how a product has performed in the past and maybe predict how it will perform in the future. These are rates that show merchants how a currency pair has traded in the past at a certain time.
Historical currency exchange rate data is a valuable resource for those interested in the foreign exchange (FX) currencies market. Knowing what rate you’re getting currently compared to prior currency conversion rates might help you plan for the future.
Use An API
If you want to get these kinds of prices and put them on your website or blog, you’ll need to use an API. This technology is a connection that allows two computers or apps to communicate and share data. You may use this to get information from anywhere on the internet and utilize it for personal purposes.
To obtain an API, you must first locate software that does so. This is simple because there are many of them available online. You should be aware, however, that not all of them function in the same manner or give the same information. As a result, you must search attentively in order to avoid wasting time and money.
What exactly is the Commodities-API and how does it work?
Commodities-API is a piece of software that provides real-time ethanol statistics. It has the option of updating every 10 minutes or every 60 seconds. It also gives historical data, allowing you to look back on previous events and assisting in the planning of future actions.
With this method, you may acquire real-time data on a range of commodity rates. This strategy is used to do business in a range of industries and websites.
- By joining up at www.commodities-API.com, you can get your own API key.
- Look for the symbols Ethanol and EUR.
- Use these symbols to find the commodity and money in the list. When you’ve decided on them, make the API call.
- The website will provide an API in a number of computer languages that you may customize, use, and adapt as required.
The end product will look like this:
{
"success": true,
"historical": true,
"date": "2013-12-24",
"timestamp": 1387929599,
"base": "GBP",
"rates": {
"USD": 1.636492,
"EUR": 1.196476,
"CAD": 1.739516
}
}
Also published on Medium.