For each currency we provide the Rate and also the timestamp when it was last updated. You can integrate Live-Rates with your Business or Project knowing that you will receive high reliable data. Our data is sent from our dedicated servers directly to you, so there would be nothing to worry about.
Free Currency API
Some brokers use Live-Rates' quotes to exchange currency between user's wallets. Since our API has real-time rates almost anything becomes a valid possibility. The Forex Market is standardly referred to as the foreign exchange market, or more commonly, the FX market.
Forex markets are based upon trading currencies, and this currency exchange is entirely dependent upon the current prices for each. The foreign exchange market is actually the largest market in the world as measured by the sheer volume of trading, and it can be a lucrative market if done correctly. Typically, the foreign exchange market operates through different parties purchasing large sums of money in a particular currency and paying with a different currency.
This market is unique and distinct from all other markets due to its topographical diffusion, its steady operation, and other contributing factors. Many would argue that the Forex Market is the ideal for perfect competition, which is the market structure wherein certain specific conditions are purported to contribute to a perfect market. This entire market is supported by the gargantuan international banks who function as the established baselines for trading amongst the plethora of buyers and sellers.
Forex markets are not available for trade during weekends, but they are otherwise available at any time. Though the market itself does not dictate the actual values of currencies in relation to one another, it does regulate the price according to the demand. The forex markets are traditionally minimally regulated, due in part to the issue of sovereignty that develops when multiple currencies are involved. The entire concept actually benefits international trade, with its unique currency conversion.
Though there are many possibilities for traders in the currency exchange, the majority of the foreign exchange market proponents are actually the banks themselves. There are insurance companies, financial firms, and the like who also partake in the rambunctious activities of the forex markets. Typically, though, the trades occur amongst banks, and each trade can involve millions of dollars. The range of income potential for day-trading with the Forex market is vast, with some individuals needing to work additional jobs while a minimal amount of others make huge swaths of money.
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Stack Overflow for Teams — Collaborate and share knowledge with a private group. Create a free Team What is Teams? Learn more. Place to get free live Forex quotes via API? Ask Question. Asked 3 years, 10 months ago.
for foreign exchange rates and currency conversion
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Welcome to the Free Forex API !!
Add a comment. Active Oldest Votes. Improve this answer. Simple JSON responses make it easy to use our data in almost any development environment. Many of our customers run e-commerce stores and use our exchange rate API to display localized pricing. Showing customers pricing in their local currency is great for conversion! Our data makes it easy to view international sales on your company's dashboards.
Or keep track of your earnings with a foreign payment processor in your home currency. We have a number of customers using our forex API to feed spreadsheet models and scripts that process the data for academic projects, personal research etc. Signing up to our currency converter API is quick and easy. Choose a paid plan for the benefits or a free plan to get started. The response you've received can be parsed by your development environment's JSON library. You're done! Use the fresh exchange rate data to convert currencies in your application with ease.
You can cancel your billing subscription at any time as our plans are all month-to-month. Get a 2 month discount for paying per year on any plan! Just choose yearly payments when setting up billing. All major credit cards and Paypal. We use the popular secure payment processor Paddle to handle our billing - we won't have access to your card details. Tried our currency API but decided it's not for you? This process reduces the impact of an incorrect outlying conversion rate supplied by one source.
We only support a currency code in ExchangeRate-API if we have at least 3 data sources for that currency.
Our exchange rates are classed as indicative midpoint rates. These are accurate enough for tasks like price estimations in an e-commerce store or stats on a dashboard. In an e-commerce example - our estimation would differ slightly from the final rate a user will actually be charged at when making a payment. You can read more details on our Data information page.
ExchangeRate-API - Free & Pro Currency Converter API
Updated data is available on the hour, every hour for users on paid plans. Our free exchange rate data is updated once every 24 hours. Each currency rate API response served shows a datestamp and the unix time of the most recent data update. We collect public reference data from a number of central banks and commercial sources around the world.
An example would be the reference rates released by the European Central Bank each day.