Do you want to use a Forex API to convert GBP to USD? Read this article to learn more about why you should be using a Forex API, what they are, and more.
GBP USD conversion is important because GBP is one of the most commonly used currencies in the world, and it’s heavily traded on the Forex market. So, they’re one of the oldest and most popular currency pairs.
Forex APIs are online data feeds that allow you to access live financial information, such as GBP USD conversion rates. Software developers who want to access Forex data without having to build their own platforms are its most common users. There are a few different types of Forex APIs—including REST and FIX—but they all offer similar features.
If you’re looking to convert GBP USD and need live market data, then a Forex API can be a useful tool. It can help you get the latest rates for GBP USD conversion without having to visit multiple websites or platforms, which saves time and can improve efficiency.
Forex APIs are useful in many different ways, but they’re particularly useful when you need currency conversions on the fly. There are several Forex APIs you can choose from, but they will all give you the same basic information: the current exchange rate between two currencies. If you need other information, like historical data or fluctuation rates, not all APIs will be able to provide that.
That’s why we recommend you try out Exchangr, it provides a wide variety of info, for free, or if you’d like a premium plan, at an affordable rate.
Exchangr
Exchangr is a REST API that uses the JSON data format to deliver accurate currency exchange rates and conversions to consumers and businesses.
For various functions, the API includes five customizable endpoints. The live endpoint provides real-time exchange rates. The historical endpoint provides historical currency rates. The convert endpoint converts multiple currencies, the time-series endpoint provides exchange rates over a specified time period, and the fluctuation endpoint provides currency change parameters.
Exchangr now accepts 164 currencies and 8 cryptocurrencies from customers all around the world. Before being given to clients, data is gathered and algorithmically integrated from a range of commercial forex data sources and institutions. It updates data at 60-minute intervals up to 60-second intervals.
To utilize the API, you must first:
Related posts:
Tips To Make Foreign Exchange APIs Less Overwhelming
Also published on Medium.