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exchangeratesapi.io VS Currencylayer

Compare exchangeratesapi.io VS Currencylayer and see what are their differences

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exchangeratesapi.io logo exchangeratesapi.io

Foreign exchange rates API with currency conversion.

Currencylayer logo Currencylayer

Free and startup-friendly currency converter JSON API for real-time and historical exchange rates - reliable and accurate, supporting 168 world currencies.
  • exchangeratesapi.io Landing page
    Landing page //
    2023-07-02
  • Currencylayer Landing page
    Landing page //
    2022-11-27

Currencylayer provides a simple REST API with real-time and historical exchange rates for 168 world currencies, delivering currency pairs in universally usable JSON format - compatible with any of your applications.

Spot exchange rate data is retrieved from several major forex data providers in real-time, validated, processed and delivered hourly, every 10 minutes, or even within the 60-second market window.

Providing the most representative forex market value available ("midpoint" value) for every API request, the currencylayer API powers currency converters, mobile applications, financial software components and back-office systems all around the world.

exchangeratesapi.io features and specs

  • Free Tier
    Provides a free tier that allows users to access basic currency exchange rate functionalities, which is beneficial for individuals or businesses with limited requirements.
  • Comprehensive Currency Support
    Supports a wide range of currencies, enabling users to access exchange rates for most, if not all, of the currencies they might need.
  • Historical Data Access
    Offers access to historical exchange rates, which can be useful for analysis and comparison over time.
  • API Documentation
    Provides detailed API documentation, making it easier for developers to integrate and use the service effectively.
  • HTTPS Secure Connection
    Ensures data encryption and secure data transmission with HTTPS, protecting users' data from potential cyber threats.

Possible disadvantages of exchangeratesapi.io

  • Limitations on Free Tier
    The free tier may have limitations on the number of API requests or the accessibility of certain features.
  • Potential Downtime
    As with many web-based services, there may be periods of downtime or slower response times, which can affect data retrieval.
  • Access to Premium Features
    Some advanced features may only be available to paying users, which could require an upgrade to a premium plan for full functionality.
  • Data Accuracy
    While generally reliable, there can be discrepancies in exchange rate data, and critical financial decisions should be validated with multiple sources.
  • Dependency on Third-Party Service
    Reliance on a third-party service for exchange rates can pose a risk if the service experiences issues or policy changes.

Currencylayer features and specs

  • Advanced Data Coverage
    168

exchangeratesapi.io videos

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Currencylayer videos

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CurrencyLayer | Reliable Exchange Rates & Currency Conversion for your Business

Category Popularity

0-100% (relative to exchangeratesapi.io and Currencylayer)

exchangeratesapi.io

Currencylayer

APIs
58 58%
APIs
42% 42
Currency Exchange
60 60%
Currency Exchange
40% 40
Finance
69 69%
Finance
31% 31
Currency Exchange API
39 39%
Currency Exchange API
61% 61

User comments

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Social recommendations and mentions

Based on our record, exchangeratesapi.io should be more popular than Currencylayer. It has been mentiond 19 times since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.

exchangeratesapi.io mentions (19)

  • 10 realtime data sources you won't believe are free!
    Exchange Rate: Their REST API interface delivers currency exchange rate data for hundreds of currencies, allowing up to 1,000 monthly requests for free. - Source: dev.to / over 1 year ago
  • Show HN: Traveler's currency conversion based on location (iOS)
    - Currency: I use a free tier to hourly 'cache' on the repo, latest rates based on https://exchangeratesapi.io [2] (for basic traveler's currency I find this a reasonable balance) - The landing page website [3] is made with SvelteKit, Tailwind and uses Cloudflare Pages. - I hope getting an Android app also, but still confused about the best stack. (CapacitorJS, Kotlin) [1] - Source: Hacker News / over 1 year ago
  • Why my favourite API is a zipfile on the European Central Bank's website
    Here's an API built on top of this data that allows for more fine tuned queries. https://exchangeratesapi.io/ https://github.com/exchangeratesapi/exchangeratesapi. - Source: Hacker News / over 1 year ago
  • How to deal with international customer currencies in stripe integration
    Also, you can do conversion outside of Stripe using an external API, e.g. fixer.io, exchangeratesapi.io etc. Source: over 2 years ago
  • 10 beginner-friendly JavaScript projects
    For this project, you can use one of these two web services: https://fixer.io/, https://exchangeratesapi.io/. These services are generally paid, but both have a free tier that you can use. - Source: dev.to / over 2 years ago
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Currencylayer mentions (3)

What are some alternatives?

When comparing exchangeratesapi.io and Currencylayer, you can also consider the following products

Fixer.io - Fixer provides a free, simple, and lightweight API for current and historical foreign exchange rates and currency conversion. The API tracks rates published daily by the European Central Bank.

ExchangeRate-API - An easy to use, free & reliable Exchange Rate API trusted by tens of thousands of developers since 2010!

Currencyapi.com - Currencyapi.com is a free, reliable & feature complete currency exchange rates API. 170+ world currencies & 60 second update rate.

Open Exchange Rates - Free, hourly-updated exchange rates - a simple, accurate, open-source JSON API. Free for personal use, a bargain for everybody else.

FXRatesAPI - Your Gateway to Real-Time Exchange Rates

Freecurrencyapi.com - Freecurrencyapi.com is a free, reliable & feature-complete currency exchange rates API. 32 world currencies & daily update rates.

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