APICurrency

10 Compelling Reasons Why You Need A Exchange Rates API

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…
Read more
API

Exchange API: Expectations vs. Reality

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…
Read more
APIFeatured

10 Quick Tips About An Exchange Rate API

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…
API

Time Frame – What Is Time Frame?

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…
Read more
API

Source Currency - What Is Source Currency?

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…
API

Real-Time Exchange API – What Is Real-Time Exchange?

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…
API

Quotes – What Are Quotes?

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…
Read more