Do you need access to foreign exchange rates? If so, you’d better use one of these forex exchange APIs. They are ideal for startups in 2022!
In 2022, forex exchange API is one of the best options for startups. It is a software application that allows you to connect with an online service. The API can be used to obtain data from a third-party website or application.
Furthermore, a foreign exchange API is a platform that allows you to integrate your website with other platforms. So, if you want to get the latest currency rates on your website, then this is the right way to go.
Why Use Forex Exchange APIs In 2022?
There are many reasons why you should use forex APIs for your startup:
No coding required. You don’t need any coding experience to integrate it into your website as it comes with an easy-to-integrate Drupal Module. All you have to do is copy and paste the code provided by the API service provider and your website will be updated with more information about the current market rates. This way, you can improve your website data in no time.
Reliability and security. Since it comes from reliable sources like banks and financial institutions; there are no chances of losing money due to hacking or frauds.
Up-to-date and historical data. You will always get up-to-date currency data without any lag time; as well as access to historical data to analyze past trends for future financial decisions.
Forex data at an affordable cost. The best APIs guarantee high-quality service at low cost; which makes them ideal for startups with limited budgets but high demand for this type of service.
So, if you are a startup who is looking for a way to benefit from a forex exchange API, you are in luck! Here we recommend you three of the best APIs in 2022 for foreign exchange:
Exchangr API
Exchangr is a JSON API that delivers accurate forex exchange rates and conversions. Its forex system gathers forex data from several financial sources; as a result, it gives you up-to-date and historical data for 172 international currencies. The updates are sent out at regular intervals, ranging from 60 seconds to an hour.
This API provides access to historical rates, conversions on single amounts; as well as retrieving change parameters and percentage movements associated with a currency. It is also easy-to-integrate with any website or application thanks to its Drupal Module and WordPress Plugin. Exchangr API makes it simple to price your products in a currency that your customers understand. It’s also a great way to protect yourself from currency volatility!
Currency Conversion
Currency Conversion is a simple API that provides basic currency conversion capabilities online. It’s intended to be simple to use for software developers of any ability level!
This API delivers currency conversions and rates for 150 different currencies. Also, is very easy to itegrate into your own website or application; because it works with just about any programming language. Just convert one currency to another and the result will be returned in JSON format.
Xecurrencydata
Xecurrencydata is a forex API that offers real-time; and dependable currency exchange rates for hundreds of different currencies throughout the world. This API provides access to extensive in-depth currency market history as well as up-to-date foreign exchange data from over 100 recognized global sources.
All in all, Xecurrencydata supports 170 different international currencies; and, depending on your account, their rates are updated once a day. Also, this API provides historical rates, monthly averages, currency volatility and the ability to apply customisable margin rates.
Start Using An API For Foreign Exchange
With all this information in mind, you are ready to choose one of these APIs to obtain forex exchange rates and conversions! Decide which one is best for you and give it a try today!
Related post: Who Are Currency Data APIs Designed For?
Also published on Medium.