Are you looking for the price of an especific currency? If the answer is yes, what you need is one of these forex rates APIs.
The world is a global village, and we all have to keep up with the pace. Almost all business transactions involve different currencies, be they national or international. Furthermore, the forex market (foreign exchange market) is the largest financial market in the world and is open 24 hours a day from 22:00 GMT on Sunday until 22:00 GMT on Friday.
Three Forex Rates APIs for You
Becoming actualized on what’s happening in the forex market makes the need for forex rates APIs important to everyone. Forex rates APIs are for anyone who wants to invest in foreign currency exchange; because knowledge of the current rates is crucial. And when you have to do it every day, having an API for currency exchange and conversion can save you a lot of time and money. Let’s take a look at three of the best for you!
Exchangr is a foreign exchange rates and currency conversion JSON API that provides precise and trustworthy information about the forex market. Due to its format, this tool collects information from reputable sources on 164 global currencies, along with 8 cryptocurrencies. With Exchangr you can comprehend, follow, and be updated on what is going on in the world of economics and determine is which move you should do next. Maybe invest here, or purchase that from there, you can calculate without risk with its help!
With Exchangr, you won’t spend a cent because you can use its Free Plan. This one is very complete: you will get 250 API calls/month; coustumer support, hourly updates, access to historical data, and access to various endpoints (including timeseries, fluctuation and conversion). However, in case you need more, you can pay a low monthly fee of USD 10 for enhanced API access, perks, and advanced features.
Currencylayer is a forex rates API that uses JSON format to obtain currency conversions and exchange rates. Its currency data is gathered from a variety of commercial sources, which results in accurate data for 168 different foreign currencies.
This API also has both: a Free Version, as well as Subcription Plans. If you want to use Currencylayer for free, you will get: 250 API calls per month, daily updates, view historical rates, and limited support. On the other hand, this API’s subcription plans starts at USD 11.99 / month.
Currency Conversion is a simple currency conversion API that provides basic currency conversion capabilities online. This tool gives you access to 150 different world currencies.
If your needs are simple, you can use Currency Conversion’s Prepaid Server, that starts at USD 3. This service is ideal for people who are not consuming a lot of requests, since you can pay as you consume. In this modality currency values are reset every 60 minutes; and the requests purchased never expires until used. On the other hand, the Premium Servers starts at USD 5 monthly and includes: premium support; 15 minutes updates; and high performance server for production use.
So which of this APIs should you choose?
That is completely up to you! Now you have all the information you need to decide what’s best for you, your economy and your financial decisions! Inmerse yourself into the world’s most exciting market and make all the profits you need with the help of a forex API!
Also published on Medium.