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Currency exchange APIs are helpful for businesses, from SMBs to large-scale.
Currency is a fundamental element when it comes to finance and trade.
Businesses working with international markets need to have correct information about currencies and their rapidly changing values.
At present, there are avenues to enable trade with anyone from anywhere using certain technologies.
It will enable you to run your businesses with efficiency.
And Currency exchange API can do that for you.
This provides you with correct data to make better decisions and saves time and money on unnecessary efforts.
Fixer
Fixer is a lightweight and simple API for historical and current foreign exchange rates.
The exchange rate data gets updated every 60 seconds for 170 world currencies.
Your connection with the Fixer API is encrypted using bank-grade 256-bit SSL encryption.
Fixer comes with scalable volumes and guaranteed availability that responds within milliseconds.
It also comes with time-series data and separate endpoints for the single currency conversion.
You will get historical data up to 1st January 1999.
Get an API key, 100 API calls/month, hourly updates, and historical data for free.
FMP
FMPs forex API gives real-time information about the trading value of a currency pair.
This also gives valuable data about past performance for the investors to make informed decisions.
It collects data sources from banks and commercial sources and is compatible with any programming language and software.
Get immediate access to historical data for the past 19 years, precious metals, and 168 world currencies.
Ensure encrypted and secure data streams by connecting to an API through industry-standard HTTPS.
it’s possible for you to track API usage monthly or daily and get automatic notifications while running low.
currencylayer powers up mobile apps, back-office systems, and currency converters worldwide.
currencylayer is free for 250 requests/month.
If you want more, go with $9.99/month, including higher volume and core features.
Due to its scalable infrastructure, it can handle API requests from a few to thousands every second.
You will also get instant access to the host of accurate currency pairs right from the beginning.
The Finage Forex API offers a reliable, flexible solution for integrating comprehensive Forex data into various financial applications.
The developer experience focus makes the API easy to use and fully customizable.
The functionality of currencyapi.com goes beyond that of many APIs.
With features like team functionality, performance overview, custom features, and tailored support.
currencyapi.com allows you to upgrade and downgrade your plans with ease.
The most important links to documentation and support are easy to find within the app.
Abstract API
Abstracts Currency Exchange and Forex API fetches you the latest rates for 150+ currencies and 10,000+ pairs.
However, the best thing you might rely on Abstract API is scalability.
Their exceptional speeds and robust uptimes make them ideal for enterprise use.
Additionally, the 256-bit SSL encryption ensures data safety.
Finally, you’re free to try them without paying a penny for 5000 API requests.
Get the results in XML or JSON format with 256-bit encryption to secure your data.
Its rated 9.8 out of 10 on RapidAPI due to its fast response.
CURRENCY API provides exchange rates for 170+ currencies updated every hour and historical rates from 2010 to the current.
Just make a single request, and CURRENCY API quickly converts multiple currencies for you.
It has a scalable infrastructure with 99.99% guaranteed uptime.
The average response time, as tested, is 61 milliseconds.
you might try code examples, including JavaScript, Curl, PHP, and Python.
you might ask for your unique requirements if you need unlimited access or a dedicated node.
Open Exchange Rates
Power your dynamic brands, organizations, and startups using Open Exchanges Rates currency data API.
You will get reliable and consistent currency conversion and exchange rate data for your business.
Open Exchange Rates community creates more than 200 open-source plugins and libraries for frameworks and languages.
More than 1 lakh developers trust its API as this is fast, affordable, and flexible.
It serves the data in JSON format with quick tech support and simple documentation.
You will enjoy its scalability from a single request in a month to hundreds of requests in a second.
Use Open Exchange Rates free plan that gives 1000 requests/month and hourly updates.
you’re able to extend your requests per month according to your demand, starting at $12/month.
Or, choose annual payment during checkout to avail yourself of two months free every year.
It is perfect for dashboards, E-Commerce, and SaaS.
Thousands of developers trust ExchangeRate-API and relax while the API delivers day-in, day-out, and forex rates.
Choose any programming language that supports HTTP requests to write two lines of code and implement it efficiently.
It can convert and exchange 160 major currencies used in 200 countries.
The currency API offers accurate conversions through reliable and stable FX data.
Signing up for the API is easy, and quick to experience the benefits with the API key.
After email confirmation, your API key will become active.
Take a free trial of the pro plan if you wish.
XE
Get globally trusted exchange rates for the business with XE Currency Data API.
XEs Rate Blender uses 100+ global sources to maintain accuracy and detects and dynamically filters out errors.
you might integrate XE Currency Data easily with your existing software.
It supports SDKs for NodeJS, PHP, Python, and Java.
you could also enter the Swagger and Github page for SDKs, code generators, and integration support.
It is compatible with XML, JSON, and CSV formats.
You will get historical data back to 1998, more than 170 currencies, live rates, and more.
There will be no restrictions on the base currency.
Get advanced features like monthly averages, customizable margins, and currency volatility.
It also lets you mitigate FX risks, develop strategies, and reduce costs to increase profits.
Just fill in the box and get a perfect quote.
It always gives accurate results as it updates the data every 10 minutes and collects data from trusted sources.
Get secure communication with the servers via HTTPS encrypted connection to carry all the requests successfully.
Register yourself now and get a 30-day fully-featured trial account to explore services.
you’re able to also request a paid service to get more benefits.
Lets understand what currency exchange APIs are and how they can help your business.
What are Currency Exchange APIs?
It may also provide other capabilities like currency conversion.
Currency exchange APIs can support various currency types and data sources to fetch current and historical rates.
Why Do You Need Currency Exchange APIs?
The value of currencies changes.
At this time, using a currency exchange API can help you.
But if you are dealing with international markets, you gotta know the current rates accurately.
If you use a good currency exchange API, you will get accurate data updated periodically.
In general, currency exchange APIs support a large number of currencies.
you’re free to convert currencies and exchange them easily with a few clicks.
It will enable you to work with various global markets and run your operations.
It involves current, accurate data and historical data that may date back months or years.
Hence, you’ve got the option to track the fluctuations in the values to make smart decisions.
In addition, you’ve got the option to also analyze the data and make predictions.
Using exchange APIs is not challenging.
Your developers can easily integrate the APIs code snippets on your website or applications.
They can follow detailed API documentation, code examples, and simple API structure in case of doubts.
Therefore, they offer robust security features such as industry-grade bank-levelencryption, enabling HTTPS connections, etc.
They can also handle thousands of API requests each second with their robust and scalable infrastructure.
Bonus: How to Choose the Best Currency Exchange API?
The above are undoubtedly some of the best currency exchange APIs out there.
However, every business is different based on its size, budget, and needs.
So, when you choose the API, ensure you do it according to your requirements.
Here are some of the criteria to choose a suitable currency exchange API.
Another critical aspect of choosing an exchange API is how many data sources it offers.
The API works by gathering information from various sources.
Hence, choosing an API that can provide humongous data and more data sources is essential.
You may look for large banks, financial institutions, and reliable websites as data sources.
If you get 10+ data sources, its best.
How often the data updates in the API is crucial.
The best exchange APIs update data within 10-60 seconds, while others may take minutes and hours.
Thus, choose a reliable currency exchange API and run your business operations smoothly to make more profits.
