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3 Benefits Of Having A Forex Rates API At Your Service

Do you want to start using a Forex Rates API but are not completely sure? Here are 3 benefits that will convince you!

Currency exchange rates change every day, as do the economy and market. So you have to be updated every day. It’s also important to have access to market information, so you can make well-informed decisions. For that reason, having a Forex Rates API is essential for any business that deals with foreign currencies. It can help you get real-time updates on currency exchange rates, historical data, and other information.

Benefits from having a Forex Rates API:

1. Real-time data. It is essential for any business that needs up-to-date information about currency rates. An API can provide you with market data in real time so that you can make informed decisions about your company’s finances. You can also use real-time data for research purposes or create reports on your findings for future use.

2. Historical data. Forex APIs also provide historical data, which is beneficial for businesses with long-term plans and strategies such as banks or large corporations. This type of information gives them insight into what happened during previous financial crises; as well as currency trends.

Businessman holding investment finance chart stock market business and exchange financial growth graph virtual technology economy digital analysis on success background with marketing data diagram.

3. Keep track on the Foreign Exchange Market . An API gives you access to the Forex Market data; which includes all the major currencies around the world . For those who are involved in e-commerce or international business transactions; this tool will help them making sure that everything goes smoothly and according to plan at all times.

In addition, the best part is that anybody can utilize an forex API; this tool is simple to use and does not require you to be an expert to use it. So, If you’re looking for one right now, you’re in luck. Continue reading to learn about one of the greatest Forex APIs!

Exchangr API will be at your service

Exchangr is a real-time foreign exchange API that provides accurate currency exchange rates and conversions using JSON data format. This application gives current information on 172 different worldwide currencies. That is, you can get rates for around 30.000 currency pairings!

Its forex data is gathered from a variety of credible sources throughout the world; making Exchangr API the most dependable and convenient way to acquire real-time currency conversion and forex rates! You can use the information Exchangr provides you to create better products and services for your customers and make more informed decisions about your business operations.

Furthermore, Exchangr gives access to extensive currency market history, conversion on single amounts, currency change parameters, and much more features. Click here to see what this API has to offer!

How to use Exchangr API:

  1. To begin, click here to sign up for free. Once you’ve created an account, you’ll receive your own API key. You may begin making API requests using it.
  2. You must first pick the currencies for which you wish to obtain rates or convert.
  3. Finally, perform the API call. To do so, Exchangr provides an API documentation for usage. It’s all-inclusive, with straightforward instructions and code explanations. Follow it to execute API calls. This documentation is available by clicking here.

And that’s all! You’ll find the currency information you’re looking for in seconds!

Furthermore, if you are experiencing difficulty using this API, you can: click here to visit the Frequently Asked Questions page. There you’ll find information about: general questions; data and sources; API access and Features; and plans, pricing and payments. Also, if this page couldn’t help you with your issue, you can always get in touch with Exchangr’s staff directly! They are available from 10 a.m. to 7 p.m. daily (EST time). You may reach them using the contact form or e-mail. Following that, they will contact you as soon as possible!

That’s it! Now that you know how you can benefit from using a forex rates API, you can start using Exchangr API!

Related post: Introducing an API Service For Forex Traders

Also published on Medium.

Published inAppsApps, technologyCryptocurrenciesE-commerceFintechTechnology

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