Would you like to get historical Forex data? Would you like to get it easily and simply? Well, the answer is very easy! You should only use this historical forex rates API! This is the best API for what you are looking for. If you want to know more in these paragraphs, we will give you more info.
The foreign exchange market, also known as the forex or FX market, is the exchange of different currencies in a global decentralized market. It is one of the largest and most liquid financial markets in the world. Forex trading involves the simultaneous buying and selling of global currency pairs, including EUR/USD and GBP/USD as majors. This market is very important in foreign trade and for international companies, since products and services purchased in a foreign currency are paid with the currency of the country of sale.
Forex is one of the most traded markets in the world with a total average daily turnover of more than $5 trillion per day. Since Forex is not listed on a centralized Exchange, the forex hours are determined; It is open 24 hours a day, from Sunday night to Friday night. Trading in forex is always done in currency pairs; for example, the GBP/USD. You can speculate on whether the price of one country’s currency will rise or fall against the price of another country and trade accordingly. Using the example of the GBP/USD currency pair, the first currency, in this case, GBP, is called the “base currency” and the second, USD is known as the “quote currency”.
As you can see, trading in this market is not an easy task. You must have digital tools to be able to operate correctly. For these reasons, we recommend using Get Exchangr, one of the most famous tools for entrepreneurs!
Use Get Exchangr to obtain historical Forex rates easily
If you are looking to obtain historical Forex data, then Get Exchangr is the ideal digital tool for you! This API was built and maintained by Zyla Labs, a company known for its quality products. They made sure that this API is not only very good but also very easy to use. You don’t need to be a programmer, anyone can use this API, you just need to follow the instructions. In fact, we have decided to make a mini guide so that you can understand how to find out historical Forex data.
1. The first step is very simple and is to create an account. You will receive an email with a link to confirm your account.
2. The second step is to choose a plan within the platform. Get Exchangr has 3 plans available. Choose one of them and make the payment.
3. There are several endpoints available, but the one you need is the Historical rates endpoint.
4. Remember that you must choose the currency as the base and then the output symbols.
5. The last step is running the endpoint and making the API Call.
Remember that any questions, as soon as you enter the website, you will see a virtual chat. There you can talk to support, who will give you the best possible assistance. Definitely, this API is the one to find out historical data about Forex in an easy way! You have to use it!