Are you looking for a way to find Forex market data? Well, although it seems like a complicated task, it really is not. Thanks to this impressive Forex rates API, you will be able to see the prices of the Forex market in an easy way! Find out all the details in this article!
The foreign exchange market (also known as Forex, short for Foreign Exchange or FX) is a global, decentralized market in which currencies are traded. This market was born with the objective of facilitating the monetary flow that derives from international trade. The daily volume of transactions that leads to moving around five trillion dollars, operating in one day what Wall Street can move in a month. The main trading centers are the London, New York, and Tokyo stock exchanges. First, the Asian markets open, then the European ones, and finally the American markets open.
Fluctuations in exchange rates are generally caused by real money flows as well as expectations of changes in them due to changes in economic variables such as GDP growth, inflation, interest rates, budget and deficits. or trade surpluses, among others. The US dollar was involved in 87% of the transactions, followed by the euro (33.4%), the yen (23%) and the pound sterling (11.8%). Currently, the Chinese yuan is the currency that is beginning to be used more and more and possibly, it will be among the top positions in a few more years.
Trading in the Forex market is not easy. As we previously mentioned, this market generates a lot of money. Therefore, every little mistake could cause you to lose a lot of money. Nobody wants that to happen. Therefore, we want to recommend you use Get Exchangr, the tool for you to trade in the Forex market!
Get Exchangr: The best Forex Rates API for worldwide companies!
Did you know that thousands of international customers and companies use Get Exchangr? All these people and companies trust this platform for the speed and quality of the service. Let’s talk about speed. If you purchase the PRO plan (which costs $50 per month), you will be able to get rate updates every 60 seconds! 1 minute of waiting is very little time! Thanks to this data, you can prevent any fluctuations and avoid losing money. But as we said, only those who pay for the PRO plan will be able to access this benefit. Those who pay the Growth plan will update the rates 1 time every 10 minutes.
The other reason why Get Exchangr is chosen worldwide by thousands of entrepreneurs and investors is because of the information. For this type of business, especially businesses that involve a lot of money, the accuracy of the information is vital. Therefore, this API obtains information from international banks and financial institutions recognized worldwide. Thanks to this, you can be 100% sure that the information is reliable.
In addition, thanks to these sources, the user will be able to access information on 174 currencies. A very complete service. The last thing we will say is that Get Exchangr‘s support is of premium quality. No matter what your problem is, they will be willing to help you. Do not lose this chance! Trading in the Forex market is now easier thanks to this API! You should use it!
Also published on Medium.
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