![]() ![]() You can use the OANDA APIs to access its trading engine and escalate the functionality of your application.ĪPI features: OANDA’s exchange rates API allows you to access real-time currency rates 24 hours a day. OANDA is a financial company that provides a wide range of currency products, which encompasses currency trading and currency data analytics. You can get the currency outputs rates in your desired data format - JSON, XML, or CSV. It also has a non-technical quick start guide, and technical specifications document to assist you in getting started. Thereafter, it has various pricing plans, starting from $799 per year.Įase of use: XE provides a test environment where you can familiarize yourself with how the API works. ![]() Price: XE offers a free 7-day trial period for the API. On the other hand, the XE live package option delivers the latest rates within the previous 60 seconds. The XE daily package option provides updated exchange rate data on a daily basis. To ensure that the API delivers accurate output, the rates are collected from more than 100 credible international sources. Furthermore, it offers endpoints for listing different currencies, converting one currency to another, and getting various statistics information.ĭata coverage: The XE API supports more than 170 currencies. The XE Currency Data API serves as a hub for tracking the exchange rates of several currencies in real-time.ĪPI features: With the API, you can access daily or live currency rates as well as historical currency rates from 1998. It has comprehensive documentation that makes it easy to integrate into any application. To access more features, you’ll need to go for any of the paid plans, which start from $9.99 per month.Įase of use: The Currencylayer API is very easy to use. Price: You can try the API for free, but you’ll access only limited features, such as 1,000 requests per month. It provides frequent data updates, ranging from every 60 minutes to every 60 seconds. The data is gathered from various commercial forex data providers and banks and blended algorithmically before dispersing to users. These are the live endpoint for getting real-time exchange rates, the historical endpoint for getting historical currency rates, the convert endpoint for converting different currencies, the timeframe endpoint for getting exchange rates for a specific period, and the change endpoint for getting any currency’s change parameters.ĭata coverage: The Currencylayer API supports 160 global currencies and precious metals. The Currencylayer is a REST API that uses the JSON data format to deliver reliable currency exchange rates as well as currency conversions for individuals and businesses.ĪPI features: The API provides five customizable endpoints for completing various types of tasks. You can check out Rakuten RapidAPI’s full selection of currency and forex APIs here. Ultimately, we created the following list of top 10 best currency APIs. Ease of use: We looked at the ease of integrating the APIs in applications.Price: We looked at the cost of using each of the APIs.Data coverage: We evaluated the number of currencies supported, data sources, frequency of updates, and other data coverage features of the APIs.API features: We assessed the distinguishing features of each of the currency APIs.We evaluated different currency APIs based on the following four main criteria: Some companies that offer financial services have exposed their APIs (Application Programming Interfaces) to enable developers to integrate currency exchange, currency conversion, or other capabilities into their applications. In the foreign exchange market and the world of international finance, currencies play the vital role of acting as the medium of exchange in the transactions that take place.Ĭurrencies like the United States dollar, the Euro, or the British Pound are widely used around the world as a means of making payments. Top 10 Currency and Forex APIs: OANDA, XE, and Currencylayer ![]()
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