The number of investment instruments and investment types is increasing day by day. When evaluated from the perspective of investment, the most preferred method by most people from past to present is foreign exchange trading. People and businesses don’t just buy and sell foreign currency for investment purposes. They also carry out foreign exchange transactions in tourism, trade, etc.
With…
Many people start using currency APIs without much research. However, you may have to face a lot of problems in the long term if you don’t select the most suitable API for your application. For example, you may need to add a new currency to your application in the…
Currency is one of the significant critical components in international trade and finances. It has become crucial for individuals to have avenues for exchanging and converting currencies. Here in this brief tutorial, you will learn how to create a currency conversion API…
Currencies play an important role in international finance. They are used as the medium of exchange for different transactions. Therefore, people need to convert one currency to another currency. For example, an eCommerce website will need to publish its prices in different currencies. This is where an exchange API will help you. Popular companies like Currencylayeer, and OANDA, have exposed their…
Currency is an integral part of all business operations. In order to make informed trade decisions, business owners operating in the international market need to be aware of rapidly changing currency rates. This is where an exchange rate API comes into play. Building a…
APIs have grown in popularity in recent years. This makes sense because they enable easy data flows and communication across different apps. They also improve user experience. In addition, APIs relieve developers from performing repetitive tasks and increase overall…
What Is Time Frame?
When practicing trading, you may have heard of the phrase “forex time frames,” but have you ever thought about the optimum time to trade on the foreign exchange?
Trading on the FX can be difficult, but determining the optimal time to trade in forex is even more difficult. If you’re a rookie, you won’t be able to estimate the amount of time it will…
What Is a Source Currency?
A source currency or the base or primary currency is the currency denomination exchanged to obtain the currency of some other country or region. For instance, if you have some money saved up in U.S. dollars, $100, and you want to convert it into…
What Is Real-Time Exchange?
Products and services are increasingly being accessed and purchased via the Internet. Living in a global village, if we have an online store, many of our customers would most likely be from different countries and want to use a foreign…
What Are Currency Quotes?
In foreign exchange terms, a pair of currencies are quoted against each other. The base is the first listed currency in a currency pair, whereas the quote is the second listed currency, the benchmark.
Currency pairs are intended to be compared to determine how much of the quote currency we need to purchase one unit of the base currency. Therefore, a three-letter…
