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What Is The Best API For Real-Time Currency Exchange Rates?

Do you want to know which is the best currency exchange rates API? If so, we have you cover!

The best way to understand what a currency exchange rate is is by looking at an example. Let’s say you want to buy $1,000 worth of Japanese yen (JPY). If the current JPY/USD exchange rate is 100, then you would pay 10,000 JPY for $1,000 USD. If the JPY/USD exchange rate changes to 99, then now it would cost 9,900 JPY for $1,000 USD — a difference of 100 JPY.

You can see how this would be important for businesses that deal with foreign currencies on a daily basis: if they don’t know what the exchange rate will be tomorrow or next week, they won’t know how much money they will gain or lose.

Now, there are several currencies around the world, and each one has its own value based on supply and demand factors within that region of the world. When these currencies are compared against each other, they allow traders to take advantage of price fluctuations and make money from them. If someone wants to trade in foreign markets (also known as forex); or owns an international business, then they will need an API that provides real-time currency exchange rates.

What Is The Best API For Real-Time Currency Exchange Rates?
Money transfer. Global Currency. Stock Exchange. Stock vector illustration.

What is a currency exchange rates API?

An application programming interface (API), is basically a toolkit that helps you integrate your application with a specific service or website. In this case, a currency exchange rates API allows you to access real-time and historical data from the largest markets in the world. You can get real-time data through an API request, or you can use the historical data that many of these APIs provide. In fact, you can use an API for a number of things, including getting currency conversions or finding out what’s happening in the forex market.

There are a variety of APIs throughout the Internet, but if you are looking for one that offers everything in one place, we have the best one for you!

Exchangr API is the best API for you.

Exchangr is a JSON-based REST API that lets you easily convert currencies and obtain foreign exchange rates. With this fantastic currency rates API, you can acquire real-time and reliable data for 172 currencies all around the world. This is a total of 30,000 currency combinations compiled from the most trustworthy foreign exchange companies and sources!

You can get complex capabilities like the most up-to-date exchange rates, historical data, and currency conversions with only one API. There is no need to search throughout the Internet for reliable information anymore. Exchangr API can assist you with everything you need!

What Is The Best API For Real-Time Currency Exchange Rates?

Obtain the information you need in less than 10 minutes

Exchangr offers three different plans for its use. If you want to give its free plan a try, you can do so in less than 10 minutes. Here’s how:

First of all, register and get your API key, here. By receiving it, you’ll have access to Exchangr’s endpoints. After that, you are all set to pick the currencies for which you wish to get rates or convert. Finally, perform the API call. Simply follow the instructions in the Exchangr’s Documentation here. And with that, you’ll get the information in a heartbeat!

However, if you have any doubts or questions about Exchangr API, you can contact its team directly by using the form on Exchangr page. They are available from 10am to 7pm (EST time). Write them a message via the contact form or email and Customer Support will write you as soon as they can. They will be delighted to assit you!

Now that you know which is the best API for you, start using Exchangr API to obtain currency exchange rates!

Related post: Most important data points provided by Forex Rates APIs

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