Do you have a company that is starting to operate in the foreign exchange market? Well, in that case, you will need to have the right digital tool to trade in this market. The best option is to use this Currency Exchange Rate API, considered the best of all! Read this post, for more info!
When money is sent abroad, it is converted from one local currency to another with the currency exchange. An international transfer, sent from a bank or a specialized transfer company, allows the client to convert a currency into the desired foreign currency according to the exchange rate of the markets. It is common for bank customers to make transfers between their international accounts or to someone else’s account abroad, such as when sending money to family or paying for property expenses in another country.
There is no doubt that there are many different currencies in the world, which is why exchange rates are necessary, to ensure that the amount of money transferred in one currency is equivalent to that received in the other. With foreign currency exchange, you convert from one currency to another, although it is not usually in a completely equivalent proportion, since exchange rates fluctuate constantly with the currency market. The customer decides whether or not to accept the exchange rate offered by the bank. If he accepts it, the operation is processed.
Currencies can fluctuate constantly due to different factors such as inflation, international crises, and political instability in the country, among other options. Therefore, if you have a start-up company, you must have a digital tool that allows you to operate in this constantly changing market. In this way, you will not lose money. This tool is called Get Exchangr and it’s the best on the web!
The best Currency Exchange Rates API for startups is Get Exchangr!
Get Exchangr is the best option for start-up companies or for large companies. Even for small investors. No matter who uses this API, everyone will get great service. For example, this API currently offers information for 174 currencies! On the internet, you will not find any more complete service than this API. All this information is obtained from accurate sources. In these types of markets, misinformation could lead to many losses! Therefore, this API offers secure information, which it obtains from commercial sources and international banks.
How often are exchange rates refreshed?
In the forex market, prices are constantly changing. For example, in just a few minutes, a currency could lose its value by 5%. Therefore, you must be updated with the latest movements. For that, we suggest hiring the Pro plan. This plan costs 49.99 dollars per month (USD) and has 100,000 API Calls per month and 60-second Updates! Instead, the Growth plan will give you 10,000 API Calls per month and 10-Minute Updates! Don’t forget this info: your API request volume can be exceeded by 20% without your service being affected.
On the website, you will find documentation with a large number of endpoints available to use. Each endpoint is different, so we suggest that you read each detail carefully. If you require assistance, Get Exchangr is always online from 10 am to 7 pm (EST time). Urgent requests are usually handled within minutes. Don’t lose this opportunity! Get Exchangr is the best Currency Exchange Rates API!
Also published on Medium.