As businesses and companies are going global, owning an elegant foreign exchange calculator has become an absolute necessity. Having your operations set up abroad means you must constantly deal with multiple currencies. Business owners and investors must keep an eye on rapidly fluctuating currency rates to get the most out of their money. Therefore you must learn how to use a currency converter to its maximum potential.
One cannot overstate the importance of a sophisticated currency exchange calculator. Bitcoin and other virtual currencies are being accepted as legal tender, so investing in a good currency converter has become crucial. Continue reading to learn more about the importance of such a converter.
The demand for efficient currency exchange is soaring dramatically. Business owners and investors are readily looking for the next big thing in the finance space. That is where Fixer API comes into place. It is a revolutionary tool for automating and optimizing the foreign exchange process. To understand the role of an efficient currency conversion API in business success, let us delve deeper into the origins of Fixer.io.
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What Is Fixer.io?
Fixer.io is Apilayer’s JSON API for currency conversions and foreign exchange rates, a revolutionary API for forex rates. It is not only famous around the world, but it also provides real-time exchange rate data for 170 foreign currencies, with data that updates every 60 seconds. Your Fixer API connection is secured with bank-grade 256-bit SSL encryption to provide the highest degree of security.
In addition, Fixer boasts world-class support personnel who are always happy to help at any time of day or year, which is a promise. Fixer’s data is also incredibly trustworthy because it collects data from financial institutions and banks worldwide, including the European Central Bank.
It is used and loved by thousands around the globe. Fixer is known for its trusted and reputable data sources and real-time exchange rate data for 170 world currencies. This API was conceptualized with developers in mind; that’s why it is highly dev-centric. Fixer comes with scalable volumes, an option to analyze historical data, and extensive documentation if anything goes wrong. This enhances productivity and saves additional costs by empowering users to diagnose and remedy their problems.
How To Avail Timeseries Endpoint With Fixer?
The timeseries endpoint of the Fixer API allows you to request the API for daily historical rates between specified dates, with a maximum time span of 365 days. Let’s look at the example below to understand this better. Firstly we are going to request Fixer for timeseries between two fixed dates, which are 2012-05-01 and 2012-05-25 in our case.
https://data.fixer.io/api/timeseries
? access_key = API_KEY
& start_date = 2012-05-01
& end_date = 2012-05-25
This will now generate a response by Fixer which consists of global currency rates:
{
"success": true,
"timeseries": true,
"start_date": "2012-05-01",
"end_date": "2012-05-03",
"base": "EUR",
"rates": {
"2012-05-01":{
"USD": 1.322891,
"AUD": 1.278047,
"CAD": 1.302303
},
"2012-05-02": {
"USD": 1.315066,
"AUD": 1.274202,
"CAD": 1.299083
},
"2012-05-03": {
"USD": 1.314491,
"AUD": 1.280135,
"CAD": 1.296868
},
[...]
}
}
Can You Utilize Fixer To Convert Currencies?
Fixer.io is an excellent foreign currency calculator capable of converting over 170 global currencies with blazingly fast accuracy. You can use PHP cURL or jQuery.ajax to convert currencies, and we will use both in this tutorial.
PHP cURL
// set API Endpoint, access key, required parameters
$endpoint = 'convert';
$access_key = 'API_KEY';
$from = 'USD';
$to = 'EUR';
$amount = 10;
// initialize CURL:
$ch = curl_init('https://data.fixer.io/api/'.$endpoint.'?access_key='.$access_key.'&from='.$from.'&to='.$to.'&amount='.$amount.'');
curl_setopt($ch, CURLOPT_RETURNTRANSFER, true);
// get the JSON data:
$json = curl_exec($ch);
curl_close($ch);
// Decode JSON response:
$conversionResult = json_decode($json, true);
// access the conversion result
echo $conversionResult['result'];
jQuery.ajax
// set endpoint and your API key
endpoint = 'convert';
access_key = 'API_KEY';
// define from currency, to currency, and amount
from = 'EUR';
to = 'GBP';
amount = '10';
// execute the conversion using the "convert" endpoint:
$.ajax({
url: 'https://data.fixer.io/api/' + endpoint + '?access_key=' + access_key +'&from=' + from + '&to=' + to + '&amount=' + amount,
dataType: 'jsonp',
success: function(json) {
// access the conversion result in json.result
alert(json.result);
}
});
How To Query Fixer For Historical Rates Endpoint?
Users can use Fixer to query for historical rates all the way back to the year 1999. Therefore in order to request Fixer API for historical rates, you need to append a date format(YYYY-MM-DD) to the base URL.
API Request
https://data.fixer.io/api/2013-12-24
? access_key = API_KEY
& base = GBP
& symbols = USD,CAD,EUR
This will now be followed by an API response:
{
"success": true,
"historical": true,
"date": "2013-12-24",
"timestamp": 1387929599,
"base": "GBP",
"rates": {
"USD": 1.636492,
"EUR": 1.196476,
"CAD": 1.739516
}
}
Why Fixer.io Is The Ideal Foreign Exchange Rate Calculator?
Fixer is used and trusted by over 200,000 developers and businesses worldwide, including well-known brands such as Kraken, Microsoft, instacart, SAMSUNG, and Bershka. If you’re seeking real-time exchange rates, it’s the best option. It was designed to help developers feel at ease. It outperforms its competitors by a long shot by providing unrivaled potential and features in the market. Fixer follows a simple rule: Developers come first. Thanks to the website’s extensive documentation and code samples, you may quickly implement your API in under 10 minutes.
Fixer also comes with a slew of unique features and benefits that no other solution on the market can match. Fixer API offers assured availability, scalable volumes, and millisecond response times. In addition, detailed API documentation is supplied to allow for immediate implementation at any level.
The fact that it now provides historical exchange data dating back to January 1999 is perhaps the most significant addition to its arsenal. This is good news for potential investors and stockbrokers since they can now accurately anticipate the collapse or rise of any currency by carefully researching historical patterns and the market.
Fixer should be your sole choice because no other exchange rate API on the market can match its features or cost. Not only does this API come with a free trial, but also it offers different cost-effective plans with more features. Fixer.io is the best exchange rate API available on the market.
So What Are You Waiting For? Join us now to see why Fixer is loved by thousands globally!
