Do you want to save time and money when searching for currency conversion and rates? If so, don’t search anymore! Here we have the solution.
When you’re running an online business, you’re going to have to deal with currency conversion. It’s an unfortunate necessity of doing business on the Internet, but it’s a necessity nonetheless. The good news is that there are plenty of tools available to help you save time and money when it comes to currency conversion. One of the best tools out there is a currency conversion API.
An API is an application programming interface. It’s basically a set of instructions that lets software communicate with other software. In this case, an API allows software like your website or ecommerce platform to communicate with a third-party service provider, which gives its customers real-time access to up-to-the-second currency rates for over 160 different currencies around the world.
What does this mean for your business? Well, let’s say that you’re selling products on your website and one of those products costs $100 USD. If you want to display that price in British pounds sterling, euros or any other foreign currency (as many merchants do), then you’ll need to run that conversion through your website before displaying it on your customer’s shopping cart.
As we see, currency conversion is one of the most common uses for APIs. The problem is that it’s hard to find a good solution that works well with any programming language, and even harder to find an open-source solution that supports all major currencies and exchange rates.
Which Is The Best Currency Conversion API To Use Today?
As you can see, the currency conversion data from an API allows businesses to make better decisions about their finances by providing real-time; and historical information about foreign currencies.
So, if you are currently looking for one, we recommend you start using Exchangr API. This API is a RESTful web service that provides currency conversion, historical data, and real-time exchange rates. It allows you to get JSON-format foreign exchange data from several reputable sources.
Exchangr API can be used to access the most up-to-date exchange rates for any of the 30.000 supported currency pairings, as well as historical values for a certain time period. You will also have access to advanced features such as single-amount conversions, currency change settings, and changing the source currency.
How To Get Started!
First, create an account here; you can sign up to Exchangr API for free. By registering, you will receive an API key. Exchangr’s endpoints may be accessed using this one-of-a-kind number and letter combination.
After that, you can choose the currencies you wish to convert or obtain rates for. The last step is to execute the API call. To do so, you can follow the API documentation.
It’s as simple as that; the rest is up to the Exchangr API! Within seconds, you will have the information you require!
For more information visit: https://www.getexchangr.com/
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Also published on Medium.