Since many currency APIs also show historical data and trends, traders and other investors can use it to make informed buying and selling decisions. Why is an API for currency conversion and exchange important?ĪPIs for currency conversion and exchange are valuable tools for developers because instead of coding to retrieve data from multiple sources, they can find currency exchange rates in one place. Real estate professionals who invest in property in foreign countries or purchase goods internationally can also benefit from a currency API. Who is a currency converter API for?Ĭurrency converter APIs are for developers and other API users who want to add currency and exchange conversion functionality to their applications without having to write the entire code.īusiness traders who trade in the foreign exchange markets (FOREX) will find currency APIs helpful as well. Typically, the response body format is JavaScript Object Notation (JSON), but Extensible Markup Language (XML) is commonly supported as well. How does a currency converter and exchange API work?Ĭurrency converter and exchange APIs use the GET method to retrieve data from reliable financial sources. Developers that subscribe to a currency converter API service can select the plan that best suits their method request frequency needs and budget. What is a currency converter and exchange API?Ī currency converter and exchange application programming interface (API) is a service that allows developers to add currency conversion capability to their applications. Retrieve the latest exchange rates for hundreds of currencies with a currency converter and exchange API. Currency Converter and Exchange APIs About currency converter and exchange APIs
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