Developers must therefore prepare for multiple types of currency by considering currency conversion, multi-currency pricing, current foreign exchange rates, and cryptocurrencies. Potential users of your application can come from anywhere in the world. The rapid changes in exchange rates make it hard to always have the correct currency values. You can perform currency conversion using PHP by making a request to Abstract’s Exchange Rate and Currency Converter API with the help of the PHP curl library.If your business is working with international markets, you know the struggle of having the correct and up-to-date information when it comes to currencies. How Do You Perform Currency Conversion using PHP? This API is a reliable source of data from trusted partners to provide the most accurate currency exchange rates. The best way to convert Currency conversion is by using the Abstract’s Exchange Rate and Currency Converter API, which gives you the exchange value of over 150 currencies with over 10,000 currency pairs. What Is the Best Way to perform Currency Conversion? Nowadays, even conversion to and from cryptocurrency is a frequent currency conversion operation performed on several online platforms that accept cryptocurrencies such as Bitcoin and Ethereum. Currency conversion is an important procedure in cross-border money exchange, forex trading as well as online transactions. FAQ What is currency conversion?Ĭurrency conversion allows the price measure of one currency to be converted to another currency. The Currency Exchange and Forex API also facilitate conversion between fiat and cryptocurrencies, thus giving a boost to the crypto economy. Currency conversion is also useful for forex traders, offering the ability to track changes in exchange rate valuations in real-time. This API can help international import and export businesses by helping them determine the selling and buying prices to book profits from different products and commodities. With the help of this API, websites can present currency conversion rates to display prices in the visitors’ local currency. This API is handy for E-Commerce websites serving visitors from other countries. Use Cases for Abstract Currency Exchange and Forex API E-Commerce websites The only difference is that this time it is returned via the demo API written in PHP. Then you should be able to access this API via the URL ‘ This is the same API response that you got earlier for the Currency Exchange and Forex API. Run the default php server using the command ‘php -S localhost:8000’. To test the demo API, you need to run it within a web server. Internally it relies on the PHP curl library to invoke the Currency Exchange and Forex API. It forwards the request from the API consumer to the Currency Exchange and Forex API and relays the response of Currency Exchange and Forex API back to the consumer.

This demo API just acts as a PHP interface for the Currency Exchange and Forex API. Save the file and ensure that the placeholder “” is replaced by your actual API key. http_build_query($request) ĬURLOPT_HTTP_VERSION => CURL_HTTP_VERSION_1_1, false, 'message' => 'Invalid request')) It is backed by the latest and most reliable data from across the world providing highly accurate exchange rate data, all thanks to Abstract’s relationship with multiple trusted data providers. The Currency Exchange Rate and Forex API (also known as Exchange Rates API) by Abstract makes it easy to get the latest and trusted data for over 150 countries' currencies and over 10,000 possible currency pairs.

What is the Currency Exchange Rate and Forex API? In this article, we are going to build a simple currency listing API that is based on PHP, using AbstractAPI's Currency Exchange Rate and Forex API. You would need to know the US Dollar to Euro conversion if you were traveling to certain parts of Europe, or the US Dollar to Pound conversion if you were traveling in the United Kingdom.

For example, if you lived in the US and were traveling to another country, you would need to know the per dollar exchange rate for the currency of the country you were visiting. A currency API calculates and converts the value of one currency into other currencies.

Currency converter api