Whether you’re an e-commerce company that needs currency data to display prices on your website or a real estate site that wants to help its users calculate the cost of buying property abroad, you need to find a reliable source of currency data. The ability to obtain accurate and up-to-date currency rates from a trusted source is crucial for any business—especially in this day and age when consumers are increasingly shopping online. Let’s discuss how you can acquire currency information for your website so that you can always be sure that your prices are displayed in their correct local currencies.
There are several ways to get currency data onto your website
There are several ways to get currency data onto your website, but the two main ones are scraping and APIs. Scraping is free but requires a lot of work to keep up with changes in the API landscape. APIs are more expensive but easier to use and have better coverage.
Scraping currency data from another source
If you have a website that provides currency data, scraping it is easy to start. You don’t need to pay for an API key or web scrapers. And if this is your only website, then you can probably use the same API on all of them.
However, be aware that if you scrape currency data from another source without their permission–whether that’s because they didn’t know about it or because they explicitly told you not to–then they’ll likely block your IP address and ban future visitors from accessing their site via your domain name. This will force people who want information about the currency exchange rates between USD and INR (or any other combination) somewhere else: either on another website or in person with someone from India who knows about these values.
Use a currency exchange rates API
An Application Programming Interface (API) is a set of routines, protocols, and tools for building software applications.
An API specifies how one application can interact with another. The internet is built on APIs. For example, the Google Maps API allows developers to embed maps into their websites or apps so that users can see where they are located about other locations on the map. Facebook uses its APIs to enable third-party sites and apps to access information about you, such as what your friends like and which movies you’ve watched recently.
When choosing a currency API, keep in mind these points
When choosing a currency API for your website, keep in mind these points:
- Choose an API that’s easy to use. There are many different programming languages used to build websites and applications. You want to choose an API that works well with the language you’re using and makes it simple for you to get up and running with their service quickly. Check out our list of supported APIs below!
- Choose a exchange rates API that has a good reputation. A good reputation can mean better customer service, more reliable uptime (the time between when the service is down), and more accurate data over time. Take this into consideration before making your final decision about which provider(s) might work best for your project’s needs!
Choose an API that has a high level of support. If you’re building a site or application that relies on the data from one or more APIs, it’s essential to have access to someone who can help you if something goes wrong. A good API provider will have easy ways for you to contact them if issues arise with their service—whether it’s related to your project or not!
Finding a historical currency API that doesn’t cost a fortune is a difficult task.
Finding a historical currency API that doesn’t cost a fortune is a difficult task. Most popular options are costly and require you to enter monthly contracts. There are also many free APIs. However, their reliability is questionable and can often be incorrect or outdated. Sometimes there will be an option for a single month or two, but it is not sustainable long-term without an ongoing contract. The best option is to use a paid, affordable, reliable choice for your needs.
Fxapi.com has a simple API that requires users to create an account
Fxapi.com has a simple API that requires users to create an account. To get started, create an account on the Fxapi website and create a new project. Once your project is completed, you can add the currency pairs you want to track.
Once this is done, get your API key and secret by going to Data > API Keys in the left menu bar.
The market for currency exchange APIs is crowded with hundreds of options, all of which offer very similar features and often pricing too.
The market for currency exchange APIs is crowded with hundreds of options, all of which offer very similar features and often pricing too.
Let’s look at how to acquire currency data for your website.
We hope this guide helped you get an idea of how to acquire currency data for your website using our service programmatically.
We hope this guide helped you get an idea of how to acquire currency data for your website using our service programmatically.
We are always looking for ways to improve the user experience.