Skip to content

Why You Should Know About Foreign Exchange Rates

Are you looking to learn more about what’s best for your financial decisions? Then a foreign exchange API is exactly what you need.

In a world where there are so many currencies, an exchange rate is a critical component of international trade and commerce. Because it gives us a common metric to compare prices across different countries. For instance, this has helped facilitate global trade and commerce. These price of currencies are set by the global spot market.

Now, the foreign exchange market is the largest financial market in the world; with a daily turnover of more than $5 trillion. This can look like a lot of money, but when you break it down, it’s more than 1 million transactions every minute; which means there are always opportunities for investors.

Therefore, an understanding of forex rates is essential if you want to know what’s happening with your investments and what trends are affecting the global economy. That’s where a Foreing Exchange API comes in handy.

Why You Should Know About Foreign Exchange Rates

You need a Foreign Exchange API

A Foreing Exchange API (application programming interface) allows you to access currency exchange rates, as well as integrate them into applications or existing websites. With all this information you can:

  • Know what’s happening in the global market.
  • Invest where is more convenient.
  • Make better financial decisions.
  • Save and/or gain money for your business.
  • And more!

So, if you are convinced and wondering which Forex API you should choose, we have the perfect one for you!

Exchangr will help you

Exchangr is a REST API that allows to easily convert currencies, and obtaing foreign exchange rates using the JSON data format. You will access updated and reliable information on up to 164 currencies and 8 cryptocurrencies. This sums up for a total of 30,000 currency pairs; that are collected from highly reputable foreign exchange sources!

You can also get advanced features, such as: the most up-to-date exchange rates, historical data, and currency conversion with just one API! No need to look for information in different websites. Exchangr can assists you with everything you need!

Whether you are an economic student, a business owner, or someone who likes/has to travel often, Exchangr API will make it easier for you!

Why You Should Know About Foreign Exchange Rates

Start benefiting from Exchangr now

If you’ve never used a Forex API before, no worries! Using Exchangr is fast and easy! You can start right now without the need of a credit card or spending a cent. Here’s how:

  1. Sign up here and get your API key. This unique combination of numbers will allow you access to Exchangr’s endpoints.
  2. Choose the currencies to obtain rates, or converter.
  3. Make the API call.

And just like that, Exchangr API will deliver you all the data you are looking for!

Furthermore, if you are worried about how safe is Exchangr, let us tell you that is very safe!

This foreign exchange API has a Bank Level Security. Meaning that your connection to the Exchangr API is encrypted using bank-grade 256-bit SSL Encryption. Super secured!

So, stop looking for currency exchange and conversion on different sites, and start benefiting from all the information Exchangr has to offer you!

Related post: Should You Invest In Cryptocurrency?

Also published on Medium.

Published inAppsApps, technologyCryptocurrenciesE-commerceFintechTechnology
%d bloggers like this: