If you are a developer, you may be interested in the advantages of adding an API to your needs.
Coal is extracted from the earth through mining. The coal is then transported to other locations where it will be used. The coal is then transported to other locations where it will be used. Coal futures are contracts that allow buyers and sellers to agree on a price for coal at a specific point in the future. This allows both parties to protect themselves against changes in the price of coal.
There are many advantages of using APIs in your business. This can help you save time and money, as well as improve your customer service and communication with your customers. APIs can also help you improve your internal processes, as well as create new products and services. In this article, we’ll discuss some of the advantages of customizing a Coal Prices API to your needs.
One of the main advantages of APIs is that they can save you time. Instead of having to develop your own backend system, you can use an existing API that already has a backend system built. This means that you can focus on developing your frontend application or website, instead of having to worry about building a backend system.
Another advantage of APIs is that they can improve customer service. By using an existing API, you can provide customers with better service than if you had to build your own backend system from scratch.
Commodities API
Developers can get real-time data on valued commodities through the Commodities API, which is offered by more than 10 different exchange rate data providers for commodities pricing. The API contains numerous endpoints, each of which serves a distinct purpose. The endpoint can send API requests for data on one or more currencies, data on daily changes, value conversion, and time series data for one or more currencies. It can also send API requests for the most recent commodity rate information for all or a selected subset of currencies.
Depending on the commodity you’re looking for, this API will provide you with a variety of replies. In this instance, we’re interested in finding out more about coal. The coal symbol offered by the API (COAL) can be used to look up information about it:
{"data":{"success":true,"timestamp":1683666360,"date":"2023-05-09","base":"USD","rates":{"COAL":0.008},"unit":{"COAL":"per tonne"}}}
One dollar is equal to 0.008 tonnes of coal, as you can see in the response.
All You Have To Do To Utilize It Is:
- Go to Commodities API and simply sign up, when you are done you’ll be ready to start using the API!
- Employ the different API endpoints using the symbols given by the API depending on what you are looking for.
- Once you meet your needed endpoint, make the API call by pressing the button “run” and see the results on your screen.
The Commodities-API offers data with a two-decimal place precision in more than 170 different currencies. You can perform up to 100.000 API requests each month and receive data updates every 60 seconds, depending on the subscription you choose. This API also comes with a seven-day trial period.