Do you want to try the best API to check historical exchange rates? We recommend Exchangr,
The majority of foreign exchange deals are for financial motives. For statistics and analysis, investors may also need historical data on the currency they plan to invest in. Numerous exchange rate services have been developed in response to this demand.
What is an Exchange API?
You can get information about various currency exchange rates through exchange APIs. When you need to integrate a specific facility into your web application, APIs are especially helpful. As a result, you can supply price rates from several currencies using exchange APIs. Additionally, the majority of exchange APIs at least support common currencies like the USD, GBP, and Euro.
Historical exchange rates can be retrieved using several Exchange APIs our recommendation is Exchangr, Some of them let the return of data in many file formats, including CSV, XML, and JSON.
What are historical exchange rates?
Historical exchange rates demonstrate to traders how a certain currency pair was traded in the past. Understanding how the currency has performed in the past and whether it appreciates or depreciates is crucial.
Why it is easier to succeed with an exchange rate API than you might think?
APIs are crucial for reducing code repetition and simplifying the developer’s job. A straightforward REST request can be used to directly access both basic and complex functionalities, which eliminates the requirement for the developer to maintain them. While not applicable to all features, APIs can be used for complicated tasks like currency exchange. The currency layer is one such API for exchange rates. This essay will demonstrate why using an exchange rates API can be more successful than you might assume.
Can An Exchange Rate API Handle All Conversion Tasks?
The primary function of an exchange rate API is a currency conversion. In addition to that, the majority of APIs include further capabilities like getting currency rates, examining historical currency rates, and numerous other similar functionalities. Different endpoints are used to provide these functionalities.
How Secure Is It To Use APIS?
The majority of APIs manage all security internally, making it simple for developers. Using the Exchangr API would make dealing with security issues simpler. 256-bit SSL encryption of the highest quality is used to encrypt your connection to the Exchangr API.
Additionally, it allows you to switch the source currency, get historical rates, have our API convert small amounts for you, and more.
The best historical exchange rates api is Exchangr,
Why do we recommend Exchangr?
If you are looking to tap into new markets or grow your business, this API is for you. If you want to make an international purchase conscientiously, this API is also for you. Exchangr collects information on more than 170 currencies around the world.
Exchangr API is an online tool that uses JSON data to receive and deliver currency exchange rates and conversions. Because of its format, this is a simple-to-integrate API. You can insert Forex Rates and Currency Conversion into your website or application without coding them, thanks to its Drupal Module and WordPress Plugin.