Does your business support multiple currencies? If so, forex APIs are perfect for you!
The digital economy is thriving. For example, this year global e-commerce sales are expected to surpass $5 trillion. If your business supports multiple currencies, you’re in luck. An API for currency exchange rates can help you make the most of the digital economy.
Foreign Exchange APIs can increase your bottom line by helping you determine the best time to buy and sell foreign currencies, thus minimizing risk and maximizing profits
Here are three industries that could benefit from them:
Travel
Travel is a multi-billion dollar industry. Of course, it is made up of many different parts. You can use a forex API to calculate the costs of travel for your customers in real time; so that they know exactly what to expect before making reservations and purchasing tickets.
E-commerce Businesses
Many e-commerce businesses operate both domestically and internationally. With multiple currencies in play, it’s important for businesses to be able to easily convert between them all at once; which can quickly become tedious when done manually. Of course, with a foreign exchange API you can be up-to-date with currency conversion and exchange rates
Fin-tech
Fin-tech companies tend to be some of the most profitable businesses out there because they offer intuitive solutions to common problems faced by consumers and businesses alike. A lot of these solutions revolve around money and finance. So, if you’re hoping to build a fin-tech company, having a forex API is a must.
Now, if you are thinking: “but, which of the forex APIs is the best for me?”, then don’t worry, we have the perfect recommendation for you!
Why use Exchangr?
Exchangr is a reliable Forex API available to everyone. It can be used to access real-time currency exchange rates for more than 170 world currencies – including cryptocurrencies. All exchange rates are returned in JSON format and are updated every second. Hence, this API provides the fastest and easiest way to integrate real-time currency exchange rates into your own existing application or website.
Besides, Exchangr provides updates at regular intervals, and you can access many built-in features as well. Just perfect for your business!
Start using Exchangr
It’s very simple and takes less than 5 minutes!
- First, click here to register and obtain you API key.
- Second, select the currencies to obtain rates, or convert.
- Lastly, make the API call.
And just like that, you are ready to go! Start making better decisions with the help of Exchangr!
Related Post: Why not using a Forex API will cost you sales
Also published on Medium.