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3 Great Tools to Build A Currency Converter

3 Recommended Tools to Build A Currency Converter Solution

Currency rates change rapidly.  International businesses need timely, accurate information to keep up with regular fluctuations.  This is because inaccurate rates can hugely affect both individual transactions and your business’s bottom line.  To help you avoid depending on old information, you need a reliable currency converter API that can convert currencies accurately, quickly, and efficiently.  Thankfully, there are a variety of options available on the market.  But which currency converter api is best for you?  In this post, you will find 3 of the top APIs for converting currencies accurately.

Which are the best currency converter APIs in the market?

  1. Fixer
  2. Currencylayer
  3. Currency API

1. Fixer

Fixer is a simple currency converter API.  It provides current and historical foreign exchange rates.  Fixer sources information from reliable financial data providers.  These include the European Central Bank.  With Fixer, you always get accurate currency conversion rates.

Fixer supports 170 world currencies.  It updates rates every 60 seconds, and the super-fast Fixer API responds within milliseconds.  It is also secured with bank-grade 256-bit SSL encryption.  In addition to this, the Fixer documentation is very easy-to-follow.  It offers code examples in a variety of programming languages.  These include both Python and JavaScript.  Using the documentation takes just a few minutes to integrate Fixer into your web application.

Fixer also offers world-class technical support.  So, if you get stuck on an issue, you can always find a helping hand to get it fixed quickly.  Overall, it’s the best currency converter API on the market.

How much does it cost? 

You can use Fixer without spending a penny.  The Free Plan allows you to make 100 API calls per month.  However, if you need to make more calls, you must subscribe to a paid plan.  The $10 Basic Plan and the $40 Professional Plan allow you to make 10,000 or 100,000 API calls every month, respectively.  If you need even more flexibility, you can go for the $80 Professional Plan.  It enables you to earn 500,000 API calls per month.  It is also the only plan that offers 60-second updates.

2. Currencylayer

Currencylayer is a JSON API that supports 168 currencies.  It provides highly-accurate, real-time data.  Depending on your subscription plan, currency rate updates range from 60 seconds to 60 minutes. 

For easy integration, Currencylayer delivers data in JSON format.  It is also compatible with various languages that include PHP, JavaScript, and Java.  Similar to Fixer, Currencylayer provides live code examples and easy-to-follow documentation.  This means you can effortlessly integrate it into your web application.

Finally, with Currencylayer’s 256-bit encryption, you don’t have to compromise security.  Its responsive, knowledgeable support team can help you quickly fix any issues.

How much does it cost? 

The Currencylayer Free plan allows you to make 250 requests/month.  On the other hand, the Basic plan supports 10,000 requests for a monthly fee of $9.99.  If you need to make more requests, you have to subscribe for the $39.99 Enterprise or $79.99 Enterprise+ plans.  They allow you to make 500,000 and 1,000,000 requests per month, respectively.

3. Currency API

Lastly, Currency API ( currency.getgeoapi.com )  gives you the latest currency rates with a single call.  It provides all the information in XML or JSON format with 256-bit encryption.  As a result, you get quick, secure access to your data.

Currency API also responds to requests quickly, with an average response time of 61 ms. It’s also highly reliable at 99.99% uptime.  In addition, Currency API is straightforward to use.  The code examples help you get started quickly, and the documentation is easy to understand.  It can make your life a lot easier.

Currency API supports over 170 currencies.  They are updated every hour. It also offers historical currency rates as far back as 2010.  Overall, it’s one of the most efficient currency converter APIs on the market.    

How much does it cost? 

Currency API comes in six different packages.  First, the Free plan offers 100 requests/day at zero cost.  Next, the Basic plan costs £4.99 for 1,000 requests.  If that’s not enough for you, you can go for the £9.99 Extended plan, the £29.99 Professional plan, or the £49.99 Megaplan.  They offer 5,000, 25,000, and 50,000 requests per day, respectively.  Finally, an Enterprise plan allows you to make 1000,000 requests every day.  It will cost you £79.99 per month.    

Should I use these currency converter APIs with my application?

Fixer, Currencylayer, and Currency API are very easy to use.  You can integrate them into your web application in just a few minutes.  Also, they are very fast and highly secure. They are also very reliable with high data accuracy.  All in all, you should consider using them.

Fixer is a lightweight API for retrieving highly accurate foreign exchange rates quickly and conveniently. Try it now for free.

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