Would you like to start using a currency conversion API? Well, in that case, you should first learn how to use it. Luckily, in this post, we will explain in detail how to use this API. In addition, we will inform you about the characteristics of this service!
Conducting foreign trade business requires a lot of knowledge. You must be aware of what is happening with the financial situation of the countries to which you export the most, since your financial stability, your competitiveness, and the opportunities that may arise depending on this. Therefore, one of the topics that you should know is how the currency market works. Currencies are the currencies used in each country or region. They are exchanged in the world money market, so each of the types of currencies can change their price depending on the time in which they are consulted.
There are different types of currencies, but there are 10, which are the most traded in the world. The first is the US dollar (USD), issued by the Federal Reserve (Fed) and is the most traded currency globally. It has a daily volume of 2.9 billion dollars. The second example is the Euro (EUR). It is issued by the European Central Bank (ECB), is the official currency of the European Union (EU) and is the second most traded currency in the world. Its daily volume is 1.1 billion dollars. Currently, the Chinese currency is the one that is beginning to be increasingly traded in the world.
If you want to be able to easily trade the forex market, the best thing you could do is learn how to use this currency conversion API! The name of this service is Get Exchangr and we assure you, learning to use it is not difficult!
How to start using the Get Exchangr API?
Get Exchangr is considered one of the best services for any user to make conversions. When the creators of this API decided to design this site, they made sure that it was easy to use. In fact, we will teach you how to perform a currency conversion using this API!
1. In order to use Get Exchangr you will first need to register. After that, you will have to sign up for a plan.
2. There are 3 plans available. We recommend the PRO plan which costs less than $50 per month and is the one that includes the most benefits.
3. When you finish and make the payment, you will receive your API key.
4. After that, you will see a list of available endpoints. Each one has different characteristics. In the documentation, you will find all the details.
5. The last thing you will need to fill in is “Base currency” and “Symbols”. Hit the “Run” button and you’re done! You will get the conversion instantly!
Anyway, if you have any questions, 3-Step Quick start Guide will help you! This service should get you started in a matter of seconds! It will surely help you if you have any problems. Finally, remember that the currency rates need to be divided by 1. For example, 1 Japanese Yen = 0.0073 US dollars. Any questions or any problems you have while using Get Exchangr, consult with the company’s specialists. They will be happy to help you! Do not hesitate and use this system!
Also published on Medium.