Looking for data about Forex? If you are a financial trader then you will be happy to know that this Forex rates API exists. This platform will allow you to obtain the data you are looking for. For more information, in this post, we will describe more about this API!
Surely, and if you have had the opportunity to travel, you have exchanged the currency of your country for another to buy products or contract services in that country of destination. This simple exchange has its market where institutions, large investors and companies operate. The term “Forex”, better known as currency trading, currency exchange or by its acronym “FX”, refers to Foreign Exchange or transactions between currencies of different countries or areas. It is a market where it is possible to carry out operations with the main currencies of the world and in a decentralized way.
In Forex you can find from the most important financial institutions that handle large figures to people who carry out small dollar transactions, all with the same objective: buy a currency and then sell it for a greater amount of money, or sell one and then buy it for a cheaper figure for higher profits. As for the price of each coin, it will vary according to the demand related to the rest of them. That is to say: the higher the demand, the higher its price, and vice versa. Historically, the euro was always more expensive than the dollar, but that trend changed a few months ago. Today, the euro is once again more valuable than the US dollar.
In order to get the rates from this marketplace, you will need to use an API. APIs are the best product to get currency prices. And for these situations, we believe that Get Exchangr is the best option for you and your business!
Get Exchangr is the ultimate Forex Rates API!
Get Exchangr is a platform that was designed so that anyone can use it. And when we talk about anyone, it is literally anyone. Currently, this system has information about 172 currencies from around the world. This means that people from anywhere in the world will be able to use this API. People from Bangladesh, India, China, the United States, South America, Qatar, the United Arab Emirates, Indonesia, and many more nations. In this way, any investor could use it!
In addition, Get Exchangr is designed to be able to incorporate this system on any platform. Imagine that a customer wants to use this service to sell their products or services in other countries. Using this API, quotes between currencies will be done automatically. In this way, the businessman will offer his products in foreign currencies to clients from other countries. And if you wonder where this information is obtained from, this API collects information provided by international banks as well as financial institutes.
In any case, you should take into account another detail. Each plan is updated at a different time-frequency. If you choose the no-cost plan, each currency will be updated every 60 minutes. If you choose the growth plan, the rates will be updated every 10 minutes. And finally, if you choose the Pro plan, the rates will be updated every 60 seconds. Choose the best option according to your needs and your budget. Get Exchangr prices in US dollars.
Also published on Medium.