Get Forex data in real-time? Before this task was very complicated to execute, but now, thanks to this impressive Forex rates API, you will be able to obtain the data you are looking for in an easy way! If you want to investigate more, in this post we will give you more info!
The Forex is the market where one currency is exchanged for another or converted to another currency, with a conversion rate called the exchange rate. It is also known as the foreign exchange market. It operates as an international over-the-counter financial market for convertible currencies. It is where currencies are exchanged. The Forex market is the largest financial market in the world. Its turnover far exceeds the turnover of the stock market and other markets, including Wall Street. In this sense, liquidity is very high and this fact attracts many traders.
The main ones are currency pairs made up of the most liquid currencies against the US dollar (USD). These include the euro (EUR), the Swiss franc (CHF), the British pound (GBP), the Canadian dollar (CAD), and the Japanese yen (JPY). The major currency pairs have the highest liquidity in the Forex market because of the current number of international transactions are made with them. Currently, the Chinese yuan is beginning to trade more and more in international markets. This is because China is about to become the first world power.
It is a business that has many risks. Just like shares in a company, currencies can also change in value. A day 1 euro could be more or less valuable with respect to the dollar. Therefore, you must be protected in this type of situation. The best option to avoid this is to use Get Exchangr!
How to obtain Forex Rates in real time? Use Get Exchangr!
The best way to get Forex data on the internet is using Get Exchangr. On this platform, you will find the most reliable data on the international currency exchange market. In fact, you should know that all currency information is collected from major commercial sources and banks recognized worldwide. All the information is collected from over 15 reliable data sources, every minute, every hour, and every day.
How to get Forex Data using this API?
1. First, you will need to create an account on the Get Exchangr service.
2. The second step is to confirm your account. You will receive a link in your email.
3. The third stage is to purchase one of the 3 available plans. Make the payment and thus, you will get an API key. Each plan will give you a limited number of API Calls. Therefore, you must choose the best plan according to your needs.
4. Browse the list of available symbols and select the currencies you want to trade.
5. Choose the Endpoint with which you are going to work. Each endpoint will ask you for different things.
6. The last step is making the API call!
Don’t worry, the payment system used by Get Exchangr uses the latest security technology and is powered by Stripe. If you have any problem making the payment, contact someone from the company and they will help you with what you need. You can even pay using PayPal. An excellent alternative if you prefer another form of payment.
Also published on Medium.