Do you have a business that supports different world currencies? If so, keep reading because knowing about a forex API will help you!
Nowadays, the foreign exchange market is open 24 hours a day, five days a week. There, currencies are traded worldwide among the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney.
For that reason, the forex market is considered to be the largest financial market in the world. It handles a daily average of about $5 trillion in transactions globally. Moreover, the participants of this market range from large banks and financial institutions to individual traders who speculate on which currencies will increase or decrease in value.
As a business owner you need access to reliable exchange rates for your day-to-day activities. With forex APIs at hand you can:
- Create international e-commerce solutions that require real time pricing of goods
- Build currency conversion solutions for your users
- Automate your internal finance processes with up-to-date forex rates
In conclusion, real-time forex rates are the most efficient tool for online currency exchange. Instead of spending time in manually monitoring your clients’ profit margins and exchange rates, you can use automated systems. This not only saves time, but also provides greater accuracy and precision. So, to help you improve your business, we’ll recommend you the best of the forex APIs. Keep reading!
Why you should use Exchangr?
Exchangr is a JSON API that provides access to real-time, accurate, and reliable currency exchange data; as well as a complete currency conversion API. This forex API connects you to comprehensive in-depth currency market history; along with complete up-to-date foreign exchange data for 172 world currencies – including 8 cryptocurrencies!
This is an easy-to-integrate-API. Due to being delivered in portable JSON format, it has maximum usability, ease of integration, and compatibility with any of your applications. Just perfect to integrate to your business! If your needs are simple, then the Free Plan may be enough for you. But if you ever need to get advanced API access, then Exchangr offers Subscriptions Plans starting at Startup-friendly USD 10 per month.
Start using Exchangr now! Click here.
If this information helped you, read more here: How foreign exchange rates help you sell online
Also published on Medium.