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 future, although you are currently using a couple of currencies. What if the currency API you selected doesn’t support the…
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…
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 productivity by focusing their efforts where they are most needed. Finally, they employ automation to help companies provide value…
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…
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…
What Is HTTPS Encryption?
Hypertext Transfer Protocol Secure (HTTP) is a protocol that encrypts communication between two computers, such as a browser and a web server.
HTTP conveys data in a hypertext style between the server and the browser, while HTTPS transmits data in…
API is used to receive and transmit files in a web or a mobile application. It makes the process of interaction between users and systems easier. An API executes the user’s answers to the system and the system’s answers to the user.
An exchange rate API is…
What Is API Access?
APIs are the foundations of today’s applications. They are tools, protocols, and programs that allow two applications or web systems to communicate. APIs also help programmers construct programs more quickly by offering important code structures that eliminate the need to repeat the same operation repeatedly.
Simply stated, API access is the process of…
