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How Companies Use Foreign Exchange Rates To Ensure Profits

Do you want to know more about foreign exchange rates? If so, let’s see how companies use forex rates to ensure profits!

In the world of global commerce, international transactions are a part of everyday business. If you are trading internationally; you need to make sure that you have access to the most accurate and up-to-date foreign exchange rates. For instance, reputable companies use foreign exchange APIs to ensure that they are getting the best rate for all of their purchases or investments. Since they depend on forex funds for international transactions, they can know how much they’re spending while performing these.

But that’s not all, with a forex API, companies can get historical data and learn how the international market works. Besides, foreign exchange APIs provide accurate and reliable data that can be view, used and displayed in any mobile application or website.

So if you are currently looking for a foreign exchange API, we have the perfect one for you!

How Companies Use Foreign Exchange Rates To Ensure Profits

Use Exchangr API to ensure profits!

Exchangr is a foreign exchange rate API that provides real-time rates using JSON data. This API collects updated information on 164 currencies, and 8 cryptocurrencies. That means it supports a total of 172 different world currencies! With Exchangr API, you can get all the information related to the financial markets in real time, which means that you will always know what is happening in the global market and have historical data.

Furthermore, depending on which Plan you choose (Small, Growth, Pro, see the Pricing here), each currency’s data is updated on a frequent basis, with times ranging from 60 minutes to 60 seconds. This way, you’ll have access to all of the information you need without having to spend hours hunting for it!

Also, we are talking about a simple-to-integrate API. It is given in portable JSON format for optimal usage, integration convenience, and interoperability with all of your apps!

How Companies Use Foreign Exchange Rates To Ensure Profits

Is Exchangr difficult to use?

On the contrary, it’s very easy to use. You can use it in less than 15 minutes. Do you want to know hoy? Let’s see:

First, go here to register. You can do this for free, and you don’t need a credit card either. After doing it, you’ll acquire your own API key; which is a unique combination of digits and letters that identifies you. With it you will be able to access Exchangr’s endpoint. Then, you have to select the currencies for which you want rates or to convert. The last and most crucial step is to execute the API request. To do this, you can follow the Documentation’s instructions here.

And that’s pretty much it! We told you that it was very simple! So, now that you know, start profiting from the forex market with the help of Exchangr!

Related post: It’s Not Difficult To Stay Updated On Currencies! Here’s how!

Also published on Medium.

Published inAppsApps, technologyCryptocurrenciesE-commerceFintechTechnology
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