Are you looking for data on European, Middle eastern, and African currencies? In this article, we’ll talk about how to get this data with an exchange API.
On the European side, it is categorical that the most important currency is the Euro. 19 of the 27 countries on this continent use this currency. These 19 countries are the ones grouped in the European Union and represent the so-called “Euro Zone”. There are both emerging countries and central countries in the world economy that are the ones that give international solidity to this currency.
The European Central Bank control this currency in addition to the European Commission. To use this currency as a “national” currency, it is necessary to meet a series of requirements. Since 2002, which is the year it came to light, it has become one of the most used currencies due to the population density that uses this currency daily.
Concerning the Middle East, one of the most important currencies is the dirham of the United Arab Emirates. This currency began to be used in 1973 after the oil crisis when this currency replaced the Qatari rial. In 1978, the IMF fixed this currency around the Special Drawing Rights of said organization, however, in fact, this currency is fixed to the dollar.
About Africa, it is necessary to refer to the currency that is most used in its population density and its insertion in the world economy. In this sense, the rand is the official currency of South Africa but also circulates in Namibia, Swaziland, and Lesotho.
These countries within the continent are grouped within the body of the Common Monetary Area. It also circulates informally in other African countries where the countries have suffered a devastating devaluation.
Use An Exchange Rates API
As you can see, here we can only name a few currencies that circulate on these vast continents. That is why if you want to obtain information on both this and other currencies and be able to compare them with current and historical rates, you can use an API.
An API is a technology that allows different types of information. It enables to send it to various devices no matter where they are. What the developers do is incorporate the API into the architecture of the website or App. In this case, you must obtain one that can give you accurate data in real-time. The best for this purpose and with the most up-to-date economics is Exchangr.
Why Exchangr?
This API is the latest technology you can find. Incorporating this updated information into your digital media will show you as a company willing to help. You can find information on any currency from around the world and make different comparisons to understand the behavior of the currency. This will help you decide the best time to invest or sell. It’s a currency exchange rates.
It also works in various programming languages such as C#, JSON, PHP, Python, and Ruby. You can start with the free plan and try other plans for small, medium, and large businesses. On the other hand, the API documentation is very extensive with which you will be able to use different types of data.