Are you looking to download forex market data? If yes, then read our article!
Foreign exchange trading is one of the most popular forms of doing business in the world today. It is estimated that over $5 trillion is traded on a daily basis in the foreign exchange market alone. This number does not include trillions more that are traded through derivatives and other forms of investment.
The amount of money being traded in the forex market makes it one of the most powerful forces in the global economy; and financial markets as a whole. This means that foreign exchange rates also have an impact on virtually every other sector of industry; from e-commerce to online businesses and even governments themselves (for example, when central banks conduct monetary policy).
So, if you want your business to be updated with what is happening, and need to display forex market data on your website, a Forex API is the best way to do it.
Integrate Forex Market Data With Exchangr API
Exchangr is a REST API that displays the most current and accurate foreign exchange rates and currency conversions. Consumers, traders, corporations, and even students may use this tool to make educated judgments about their finances. This API collects data from several reputable commercial sources; and as a consequence, offers access to 164 world currencies. Also, its data is updated on a regular basis, at intervals ranging from one hour to one minute!
Furthermore, since its delivered in portable JSON format, this API offers optimal usage, integration simplicity, and application compatibility. This is essential because, integrating foreign exchange data into your website will enhance your visitor experience; by providing them with relevant information that helps them make better decisions about purchases from abroad; or from within their own country. It’s also important for e-commerce sites that accept payments in several currencies; using the Exchangr API means you’ll always have up-to-date information about how much people will pay for certain products at any given time!
How does the Exchangr’s Drupal module work?
Exchangr API is a Drupal module that consumes, caches, and generates blocks to display currency prices from this API. In order to use the Exchangr API module, you have to follow these steps:
- Install the module following Standard Drupal module installation procedures. More information is included in the README.txt file.
- Once the module is installed, navigate to the Exchangr API Integration Settings page under Configuration -> Web Services menu item and paste your Exchangr API Key in the provided field.
- The feed refreshed once every 24 hours, according to the module’s settings. You can adjust it to whatever rate you choose, as long as your Exchangr API account permits it.
For further information, you may visit Exchangr’s FAQ page here. There you will find already answered questions about: general information; data and sources; payments and pricing; and more!
So, what are you waiting for? Harness the power of Exchangr API in your website right now!
Integrate foreign exchange data into your website with an API. Download the latest and historical forex market data in real-time, and use it to power applications like:
Our Forex rate API allows you to integrate our foreign exchange rates into any website or app without having to write any code. The integration process is simple and can be completed in less than 5 minutes!
If you don’t have any experience with coding, don’t worry! Our team will guide you through each step of the integration process so that it’s as easy as possible for you. Check out our tutorial here: How To Integrate Foreign Exchange Rates Into Your Website (Tutorial)