Forex rates tables are charts that display the currency exchange rate of one currency against another. For example, a forex rate table might display the price of a certain number of pounds in U.S. dollars.
Forex rates tables are an important part of any financial system. Companies and traders use them to quickly measure currency exchange rates.
Forex rates tables can be very useful for making financial decisions. For example, if you are living in the United States but have family living in England, you may want to use a forex rate table to determine how much money you should send them in order to help support their lives there.
Why Should You Use An API To Create Forex Rates Tables?
An Application Programming Interface (API) is a set of rules that allows two pieces of software to interact with each other effectively and efficiently. In this case, a forex rates table API allows your company’s software to interact with a data feed from an external program so that it can display the information from that data feed on your website or within your financial system.
If you’re interested in using an API to create forex rates tables, check out Exchangr. With it, it takes just a few minutes to set up a table so that your users can track exchange rates between any two currencies.
Why Exchangr?
Exchangr is a REST API that uses the JSON data format to deliver accurate currency exchange rates and conversions to consumers and businesses.
To summarize, the API is made up of five endpoints that may be customized for different purposes.
- The live endpoint displays the current currency rates.
- The history endpoint returns currency rates from the past.
- A broad number of currencies are supported by the Convert endpoint.
- To get currency rates over a given time period, use the time-series endpoint.
- Finally, the fluctuation endpoint returns change parameters for each currency.
The Exchangr API accepts 164 different currencies and eight different cryptocurrencies from all around the world. They collect data from a range of commercial forex data sources and organizations using an algorithm. They do, however, update the data on a regular basis, with intervals ranging from 60 minutes to 60 seconds.
Are you prepared to use an API to convert currencies?
As a result, there is a wide range of currency data available through the Exchangr REST API endpoint. This works in any programming language and on any platform. This is how you may go about achieving your goal. It demonstrates how to convert any current currency into USD, GBP, or EUR. The Exchangr REST API may be used for scripting, web, and desktop applications.
As a result, the following will happen:
{"data":{"success":true,"timestamp":1645110720,"date":"2022-02-17","base":"USD","rates":{"EUR":0.879205,"USD":1}}}
You may also utilize the free tier on Exchangr. If you want more API calls per month, we highly advise you to upgrade your membership level. You can also get in touch with them for a more personalized answer. We can’t wait to see what you can do with a Forex API!
You can sign up here
Related posts:
How To Convert Euro To Dollar With A Free Forex API
Also published on Medium.