A Free Currency Conversion API Written In PHP
The best free currency converter API can play a major role when utilized across any website or software application that aims to deal with money in some way, and picking a currency exchange free API is easy.
As such, a currency exchange free API that is written in PHP can play a major role in this functionality, and today, we will go over what they are and how they work.
It can be used within an e-commerce store, for example, where people globally want to purchase an item or service and need to know the real value.
What Is Currency Conversion API With PHP?
Currency conversion is the procedure in which one currency is changed into another country’s currency. Currencies are converted through an exchange rate, which is the relative price of two currencies. For example, if someone aims to change US Dollars (USD) into Australian Dollars (AUD), they would need to conduct a currency conversion process.
On the other hand, an Application Programming Interface (API) is essentially a tool utilized to convert the value from one currency to another. Developers utilize APIs to add real-time exchange rate information from numerous supported currencies into their websites or software applications.
Is There a Free Currency Conversion API in PHP?
There are numerous free currency conversion API for users to pick from.
Out of them, a notable example is Fixer. Fixer is a simple as well as lightweight API for current as well as historical foreign exchange rates.Â
It finds data for 170 world currencies and is updated every 60 seconds. Additionally, it features bank-grade 256-bit SSL Encryption.
Any developer can implement the Fixer currency conversion API for free. Create a free account to begin using Fixer today.
What Is The Best Free Currency Converter API?
The best currency converter API will typically collect regular currency updates directly from thousands of data sources.
This can include international banks, investment companies, financial suppliers, or other public sources.
The goal of the API is to provide current, reliable, and past data, which can span numerous months or even years.Â
APIs such as Fixer provides current as well as historical foreign exchange rates. It features a solid API structure that can enable anyone to implement it within minutes.
Additionally, Fixer utilizes numerous sources to enable stable and reliable rates.
Which Currency Conversion API Written in PHP Is Right For Me?
The API aims to establish an online connection between the data provider and the end user. For financial markets, APIs can provide an exponential level of value as they can ensure that the trader, investor, or those just aiming to purchase something online is always up to date on the latest price and value through the conversion.
The currency conversion tool aims to enable the quick conversion of any currency into any other currency. It typically needs to include the most recent market prices in the foreign exchange market.Â
For developers looking for a stable and consistent API, Fixer is a solid option as it features guaranteed availability, scalable volumes, and responds within milliseconds.
It features extensive documentation, and historical exchange rate data availability back to January 1, 1999. Additionally, Fixer also features separate endpoints for single currency conversion and Time-Series Data.
All of these aspects make the solution a solid option for anyone looking for a conversion API written in PHP, which can easily get integrated into any website or application.
Frequently Asked Questions (FAQs)
What Is API Currency Exchange?
The currency exchange API, such as Fixer, gathers currency updates from numerous global data sources and features current, accurate, and historical data. Its goal is to convert one currency into another in real-time.
What Is the Purpose of a API Key Currency Converter?
The primary reason why a currency conversion is used is to convert amounts of one currency to another. This means that users can get real-time updates about what something could cost in another currency.
What Is a Money Conversion Service?
A money conversion service is a service that aims to help customers exchange different currencies.Â
What Is the Best Free Currency Conversion API?
There are multiple options out there. However, Fixer stands out due to its availability, robust security, easy implementation, and extensive documentation.
How To Use a Currency Conversion API?
To use an exchange rates API such as Fixer, for example, all users need to do is create a free account and then implement the API key into their website or application.
What Is What Is JSON Parse Error?
A JSON Parse Error is essentially an error that occurs when passing a value that is not a valid JSON string to the JSON.parse method occurs. The string needs to be valid JSON, and will throw the error if an incorrect syntax was encountered.
