10 Reliable Free Currency APIs For Your Business

08 June 2023

In today’s globalized economy, businesses are constantly engaged in international transactions and dealing with multiple currencies.

Accessing accurate and up-to-date currency exchange rates is crucial for seamless financial operations, informed decision-making, and ensuring the accuracy of financial records. This is where currency APIs come into play.

Currency converter API (aka. exchange rate API) enable businesses to retrieve real-time exchange rates and perform currency conversions effortlessly. They provide a direct and reliable channel for accessing currency data. Hence, eliminating the need for manual data collection and ensuring the accuracy and timeliness of information.

Why is reliable currency data crucial for businesses? Accurate currency information is vital for various financial activities, including e-commerce, international trade, travel and hospitality, investment analysis, accounting, and risk management. It enables businesses to calculate product prices, manage inventory costs, track revenue and expenses, and evaluate profitability across different markets.

However, with numerous currency APIs available, it becomes essential to identify reliable data sources that suit your business requirements. To help you navigate the options, we have curated a list of 10 trustworthy and free currency APIs that offer reliable and accurate exchange rate data. Let’s learn about them.

What Is A Currency Converter API?

A Currency API Convertor allows applications to retrieve real-time or historical currency exchange rates, perform currency conversions, and access other currency-related data. It acts as a bridge between different software systems, enabling seamless integration and communication. Let’s read about some of the most popular currency APIs available today.

What Are the Ten Best Currency APIs Available In the Market Today?

Here are the ten most reliable currency APIs.

Fixer.io

Fixer API is a popular currency API that provides real-time and historical exchange rates for over 170 currencies. This API comes with 6+ years of experience and rock-solid data sources, making it a reliable API. As a result, thousands of developers trust this API worldwide.

It offers reliable data retrieval through a RESTful API and supports multiple integration options. Fixer API offers free and paid plans, with pricing details available on their website, catering to businesses of all sizes.

Currencylayer

Currencylayer API is a popular choice for businesses seeking reliable currency data. With access to real-time exchange rates for 168 currencies, it offers features like historical rates, time-series data, and conversion capabilities. You can try these API endpoints available on their website.

While it offers a free plan with limited features, its premium plans provide more comprehensive options tailored to specific business needs. Pricing starts from $14.99 and goes up to $99.99. There is also a custom plan for users.

Exchange Rates API

Exchange Rates API is a reliable currency API that provides access to real-time and historical exchange rates for over 200 currencies. Moreover, the API gives 250 free requests monthly. It is a simple, quick, and reliable API with pricing starting from $9.99. This API uses over 15 exchange rate sources to bring accurate data for the users.

Open Exchange Rates

Open Exchange Rates is a popular currency API provider offering accurate and up-to-date exchange rates for over 200 digital currencies. With various integration options, it enables seamless data retrieval and currency conversion.

Businesses like Shopify and Etsy also benefit largely from the Open Exchange Rates API. The pricing starts from $12 per month. You can also choose the unlimited plan that costs $97 per month.

XE

XE API is a widely trusted currency API that offers real-time exchange rates and historical data for over 210 currencies. Its easy integration allows businesses to access reliable currency data for accurate conversions and financial operations. Pricing for XE API can be found on their website, accommodating different business needs. However, this API is more expensive than other available options. Businesses like Vistaprint and Shopify also trust this API.

Currency API

Currency API offers a robust set of features supporting 170+ currencies globally. The API gives updated results after 60 seconds. This simple and reliable API comes with 300 free credits per month. The prices range between $9.99 and $74.99 per month. You can also get a custom plan.

IBAN

IBAN’s Forex Reference Suite is a leading currency conversion API in 2023. It sources its data from reputable central banks as well as trusted providers, ensuring the reliability of the information.

This API consistently refreshes the currency rates every 10 minutes, offering timely and accurate updates. Access to over 154 currencies enables users to obtain the latest conversions accurately reflecting dynamic market fluctuations.

OANDA

The OANDA currency converter API allows users to access a comprehensive collection of past data spanning over three decades, encompassing over 200 different commodities, currencies, as well as invaluable metals.

This API caters to various professionals, including accountants, auditors, hedge fund managers, and also treasurers. Its primary objective is to deliver precise exchange rates that meet strict financial compliance standards.

Currency Converter API

Catering to developers of all proficiency levels, this API provides a currency API with three options: a free version, a prepaid service, and a premium solution. The unpaid version, as well as the prepaid service, cater to companies with lower request volumes. In contrast, the payable service is geared towards individuals seeking a robust and ready-to-use currency API for production purposes.

Exchangerate.host API

When you are searching for an API that is free and has a small resource footprint, it provides real-time and past exchange rates for foreign currencies and cryptocurrencies. The API guarantees an uptime of 99.99% and includes historical data spanning two decades.

Conclusion

Access to reliable free currency APIs is a game-changer for businesses operating in a global economy. These APIs provide accurate and up-to-date currency exchange rates. Hence, allowing businesses to streamline financial processes, make informed decisions, and ensure the accuracy of their international transactions.

The ten reliable free currency APIs mentioned in this blog offer a range of features and data that cater to different business needs. By leveraging these APIs, businesses can reduce errors, save time and resources, enhance customer satisfaction, and gain a competitive edge in the global marketplace.

So, take advantage of these powerful tools and unlock the potential of seamless currency data integration for your business’s success.

FAQs

Is There a Free Currency API?

Several free currency APIs, such as Fixer, Open Exchange Rates, ExchangeRate-API, and CurrencyLayer, are available.

What Is the Free Web Service for Currency Conversion?

A popular free web service for currency conversion is XE.com, offering accurate and up-to-date exchange rates.

What Is the API for Currency Conversion Rates?

The API for currency conversion rates provides real-time or historical exchange rates for seamless currency conversions.

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Arnab is a professional blogger, having an enormous interest in writing blogs and other jones of calligraphies. In terms of his professional commitments, He carries out sharing sentient blogs.

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Content creation can be quite challenging. It is because each business has its own needs, and it’s important to tailor the messaging accordingly. However, financial sectors are a bit tricky, and the writers are required to make the topics simple and digestible. You can find out more about this industry when click this URL. Topics that are quite complex should be accurate but interesting. And, of course, they should optimize everything while being mindful of the brand’s audience and voice. Fortunately, you can get started with landing pages, blog posts, website content, marketing emails, sales copy, and white papers. Here are some of the things that you need to know about. Gearing The Content Towards A More Targeted Audience Every reader has a completely different way of consuming content. It is as if you’re attempting to write universally; everything is going to be generalized and uninteresting. What makes sense to the managers of a Fortune 500 company may not have any impact on the investors. They (investors) are just exploring various investments for the first time. Have a highly targeted audience and know the problems that they are dealing with, their goals, hopes, dreams, concerns, and fears. They might want to save up for their child’s college fund, grasp concepts regarding ETFs, or be better at budgeting. Whichever is the case, you need to be able to write something compelling that provides value for years to come. Tailored For SEO Search engines like Bing or Google are playing a critical role in the success of many businesses today. They can help you rank higher and ensure that you have content that’s easy to read. They are going to effectively push down the readers toward your funnel. The writers from a legitimate financial services copywriting agency can help you utilize white spaces. They help you create engaging headlines, optimize your title tags, and make your pages easily scannable. Quit Being Humble Nowadays, you need to tell others what makes you unique and special. If you have existing financial stats, utilize them and ensure that people know that you’re an expert in something. Shout them at the top of your lungs and display them on your current emails, website, or existing copies. Highlight the number of assets that you have and your sales through the years. Also, highlight the big names that have partnered with you, and the client returns. Let everyone know that they can trust you with their finances, time, and other resources. It would be best if you have case studies on the subject and you have given lectures about proprietary software. They are essentially a game-changer in the marketplace. Strangers and other potential buyers often demand social proof, and if you can get reviews from previous clients, be proud to display them. Tell your audience about what makes you the best, and get ready to be seen by the right people. Elements That Are Effective In Copywriting Understand your audience, and this should be the first thing that you need to do. Identify what they need and tailor your offers accordingly. They should be able to resonate with your messaging so you can have a good chance of cutting through the noise. Another important element is tone since financial services often deal with complex topics. Strike the right balance between professional and approachable, and you’ll want to convey expertise while also making sure your content is accessible and engaging for readers of varying levels of financial knowledge. Call-to-action can also be an added element where you tell your audience what you want them to do next, whether it's signing up for a newsletter, scheduling a consultation, or exploring more products or services on your website. 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Those with case studies should also be prioritized so you’ll know that you have a higher chance of achieving success. Check References and Testimonials: Don't hesitate to ask for references from past clients or colleagues who have worked with the copywriter before. Testimonials can provide valuable insights into their professionalism, reliability, and quality of work. Assess their Writing Style: Each copywriter has a unique writing style, so make sure it aligns with your brand's tone and voice. Request a sample or test assignment to evaluate how well they adapt to different styles and communicate complex financial concepts. Additional: How To Get A Trusted SEO Company In 2023? Why Is An SEO Services Company Better Than Others? How To Get More Traffic For Your Small Business With Affordable SEO

How to get a loan on a day with bad credit?

What is a car title loan? A car title loan is an advance for a little measure of money and for a brief timeframe. To get a car credit, you give the advance specialist the title to your vehicle - for instance, your car, truck or bike. It can be extremely costly. On the off chance that you can't reimburse the cash you owe, the bank can take your vehicle. What are some different approaches to acquiring cash? You may acquire money from: Family or companions A bank or credit union Credit card How do car title advances function? You can get a car advance on the web or at a store. This is the way they work: You demonstrate the moneylender: your application, your car, title to your car, your photo ID If the moneylender supports your credit, he gives you the money and keeps the title to your auto. When the time has come to reimburse the credit - more often than not in 30 days - you pay the credit specialist the sum you acquired - in addition to a month to month charge. Read also: How To Shop For A Car With Your Teen Driver? What amount does an auto title credit cost? Advance specialists charge a month to month expense. This charge can be a ton - once in a while as much as 25% of the sum you acquire. What happens on the off chance that I can't reimburse the loan specialist when the cash is expected? You might not have the capacity to pay the credit specialist when the money is expected. The bank may give you a chance to obtain the cash for an additional 30 days. This is known as a "rollover," or "rolling over" the advance. To move over the advance, you will pay another month to month charge. What happens in the event that I can never repay the lender? In the event that you can't pay the advance specialist the money you owe, he might take your auto. This is called repossession. The loan specialist may offer your vehicle and keep the cash. What would it be advisable for me to do before I get an auto advance? Before you get an auto advance, consider different decisions: Can I get an advance from a bank or credit union? Can I get more opportunity to pay my bills by chatting with credit bosses or a credit instructor? Do I have any money spared that I can utilize? Can I get cash from family or companions? Can I utilize a credit card? Read also: Credit Card Fraud & The Holiday Season: Things To Consider For Next Year Compose the responses to these inquiries. Choose which decision is best for you. I choose to get an auto title credit. What would it be advisable for me to do? Request that the moneylender reveal to you the amount it will cost in dollars Request that the loan specialist disclose to you the APR Acquire just what you can reimburse by the date the credit is expected Read More: Invest In A New Car, Without A Financial Liability How To Get An Auto Loan At A Low Interest Rate Fred Loya Insurance Company

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Today, the Crypto market has a greater opportunity compared to the other markets of the world. It can make things easier and effective for you if you invest in the best crypto asset. Here, the scope of the earning is more, in comparison to other modes of investments. You have to channelize your thought process. Prepare the strategy that sounds great for your investment. Today, the Crypto assets are more valuable than anything else in the global market scenario. Being an entrepreneur you should consider the trending opportunities you have in front of you. Why Entrepreneurs Must Pay Attention To Cryptocurrency There are many reasons behind paying more attention towards Cryptocurrency. Proper planning and application of the correct strategy can make things easier for your business. You have to understand the ways that can work well for you. 1. Changes In Regulation The governmental bodies of many countries across the world are now relaxing their strict regulations over Cryptocurrency transactions. This factor has influenced the rate of transactions in Cryptocurrency. So, as an entrepreneur when you are getting the chance to utilize the potential of Cryptocurrencies and that too within the governmental rules and regulations, you should take advantage of that. Cross-checking the bitcoin profit app can make things easier and effective for you. Banking and financial regulators of many countries are now showing their interest in Crypto investing. 2. Hike In Prices There has been a considerable hike in Cryptocurrency prices in the global market. This is another dominating factor that has influenced its high investment rate. Proper application of the business strategies and the timing can make things in your favour. There are some Cryptocurrencies whose prices are hiking at an alarming rate. People are more accustomed to making use of these Cryptocurrencies for their transaction process. Being an entrepreneur if you have a high-value Cryptocurrency with you it can help you to combat your business deficiencies effectively. 3. Showing Stable Growth Starting from 2020, there are many Cryptocurrency which are showing a steady market growth rate. It is one of the most effective means to increase the business profitability rate according to the global market scenario. The reality here is that in the upcoming years, many Cryptocurrencies like Bitcoin, Etherium are also showing positive growth trends in the global market scenario. If you invest your money in these Cryptocurrencies, you can gain more profitability for your business. 4. Greater Returns Whenever you make your investments in any Cryptocurrency then chances are there that they are vulnerable to greater market risk. The main reason behind it is the market volatility rate. It can make or break your business if you are not careful enough while investing. You need to ensure one thing that your business must have enough working capital to manage its daily affairs. Bitcoin investment or investment in other Cryptocurrency can ensure better liquidity in the long run. Effective planning can make things easier for you. 5. Safer Transactions The application of Blockchain Technology can make your process of transactions safer and easier. No hacker can track your transaction process. It can make you feel much more secure as an entrepreneur. Proper application of the Cryptocurrency investments can make your life easier in the Cryptomarket. The chances of hacking and data breach are less when you invest your money in the Cryptocurrency. Effective and efficient monitoring of the Crypto assets can make your life easier. You need to respond quickly as per the growing market trend to develop your business. Crypto assets can provide you with the safe haven that you deserve for your business growth in the long run. Conclusion An efficient entrepreneur will always focus on the market trend. The entire investment plan of Cryptocurrency revolves around the current market scenario. It can help your business to multiply in a short time frame and can help your business to grow at a faster pace. Proper application of the correct business tactics is enough to grow in this market.

10 Reliable Free Currency APIs For Your Business

What Is A Currency Converter API?