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What Is A Foreign Exchange Rates API?

Have you ever searched the web for foreign exchange rates data? If that’s so, l can help you!

Whether you’re selling to international customers or wondering where in the world you can buy something better and cheaper than in your own country; you’re likely to need a currency conversion service. In that case, figuring out what deal is better for you and your economy is a must. Because if you don’t, you could lose out on a ton of profit or even make a major loss!

Nowadays, currencies and cryptocurrencies have been in a really tight spot due to the tumultuous nature of politics, policies, and the economy. The world has been uncertain, which has caused uncertainty in the financial markets as well. This has created mass confusion and anxiety as to how people can secure their money.

That’s why, I want to provide you with a forex API that can help you monitor the foreign exchange rates and stay on top of what’s going on.

What Is A Foreign Exchange Rates API?

What is a Forex API?

Firstly, forex is an acronym for “Foreign Exchange”. Now, the forex market is the largest financial market in the world. And the foreign exchange rates are broadcast live via an Application Programming Interface (API). Therefore, a Forex API is a service that can be used to pull real time exchange rate data from multiple financial data sources. As a result, it provides information about current and historical daily exchange rates for foreign currencies.

Going to the bank or currency exchange office has become a thing of the past, as foreign exchange rates APIs can help you make the calculations quickly and easily. That’s why we recommend you, one of the bests on the Internet: Exchangr.

What is Exchangr?

What Is A Foreign Exchange Rates API?

Exchangr offers the fastest and most accurate currency-exchange rates, letting consumers and businesses make informed decisions. It’s forex system is based on data from a number of commercial sources and banks. Hence, the information for this system is updated regularly, with intervals ranging from 60 minutes to 60 seconds. Real time, accurate and reliable!

This API connects you to comprehensive, in-depth currency market history along with complete up-to-date foreign exchange data for 174 world currencies, including cryptocurrencies!

Get your own localized currency rates and working with just one single line of code by clicking here.

Related Post: Sell online to clients worldwide with a forex API


Also published on Medium.

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