Located in Western Asia and with a population of approximately 10 million people, Jordan holds today the 4th strongest currency in the world. It is called Jordanian Dinar (JOD) and became the official currency of the country in 1950, after replacing the Palestinian pound. At the moment, 1 US Dollar is equal to nearly 0.71 Jordanian Dinar.
In 2004, Jordan’s well-developed industrial sector, which includes mining, manufacturing, construction, and electricity, contributed around 26% of the country’s GDP. In 2002, the industry employed more than a quarter of Jordan’s workforce. Potash, phosphates, cement, clothing, and fertilizers are the most common industrial goods and construction is the most potential segment of this industry.
However, Jordan also plays a big role in the import and export of metals. In 2019, Jordan imported the products mostly from China, Saudi Arabia, United Arab Emirates, Turkey, and Russian Federation. They also exported to Saudi Arabia, Iraq, Kuwait, and Lebanon. So it’s clear that knowing the price of precious metals in Jordan is important if you are in the business.
For that, we have the perfect API: Metals-API.com. This website delivers fast and accurate information about the precious metals market, including gold, silver, platinum, and palladium. It has an accuracy of 2 decimal points, and the data can be refreshed every hour with the free plan. You’ll additionally get 50 API calls each month in that instance. If you purchase an annual package, however, you will receive additional API calls and data every minute.
What is Metals-API?
The price of the world’s most valuable metals, such as gold, silver, platinum, and palladium, is displayed on Metals-API.com. Data from the website may be used in spreadsheets, other websites, and mobile apps, among other places.
So, where does all of this information come from? Metals-API collects data from over 15 trustworthy data sources every minute. Among these are banks and financial data suppliers. As a consequence, the pricing you get is highly accurate.
How does it work?
To get the information, you need to log in to the website, obtain an API key and then select the currency and the metal you want to obtain. It’s as simple as that and you can use the API as you wish.
Metals-API uses JSON API, or JavaScript Object Notation, which is an encoding approach designed to eliminate the need for each application to create its own ad-hoc code in order to connect with servers that interact in a predefined way. The JSON API module implements entity types, bundles, and fields, as well as data storage and data structures.
Main Features
It accepts over 170 different global currencies, commodities, and cryptocurrencies like Bitcoin and Litecoin. Any quantity may be converted from one currency to another, as well as from one metal to any metal and any currency to any currency, using the same API endpoints.
The rate data in the Metals-exchange API is all midpoint data. Midpoint rates are calculated using the average median rate of Bid and Ask during a particular time period. The Metals-API API also offers EOD / End of Day historical exchange rates, which are accessible at 00:05 GMT the day before and are time-stamped one second before midnight.
Also published on Medium.