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Fixer.io VS Open Exchange Rates

Compare Fixer.io VS Open Exchange Rates and see what are their differences

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Fixer.io logo 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.

Open Exchange Rates logo Open Exchange Rates

Free, hourly-updated exchange rates - a simple, accurate, open-source JSON API. Free for personal use, a bargain for everybody else.
  • Fixer.io Landing page
    Landing page //
    2023-04-01

Fixer offers real-time currency rates API. Fixer has different endpoints for sole currency exchange and Time information in addition to real-time data. Not only does this Fixer API has assured reliability, scalable volume, and millisecond response times. Get connected to the best free currency converter API by visiting http://www.fixer.io/ and get access to the exchange rates API for 170 international currencies that are refreshed every 60 seconds in live time.

  • Open Exchange Rates Landing page
    Landing page //
    2021-10-05

Fixer.io features and specs

  • Reliability
    Fixer.io is powered by real-time exchange rate data from trusted financial data providers, ensuring reliable and accurate currency conversion rates.
  • Ease of Use
    The API is straightforward to set up and integrate, making it accessible for developers to implement quickly without extensive documentation review.
  • Wide Currency Support
    Fixer.io offers data for a wide range of global currencies, allowing for versatile currency conversion options on a global scale.
  • Free Tier
    There is a free tier available that allows developers to use a limited version of the service, making it accessible for small projects or trials.

Possible disadvantages of Fixer.io

  • Paid Plans for Advanced Features
    While there is a free tier, access to advanced features such as HTTPS encryption and historical data requires a Pro subscription.
  • Rate Limits
    The free plan comes with rate limits, potentially restricting high-frequency usage and making it unsuitable for applications requiring extensive data requests.
  • Limited Customer Support
    Support options can be limited, particularly for users on the free tier, which might complicate troubleshooting for less experienced developers.
  • No Historical Data on Free Plan
    The free tier does not provide access to historical exchange rate data, limiting its utility for applications needing past currency values.

Open Exchange Rates features and specs

  • Comprehensive Currency Coverage
    Open Exchange Rates offers exchange rates for over 200 currencies, making it suitable for businesses that operate in multiple countries.
  • Historical Data Access
    Users have access to historical exchange rate data, which is useful for businesses needing comparison over time or analyzing trends.
  • Ease of Integration
    The platform provides easy integration with a simple, developer-friendly API, which supports a variety of programming languages and frameworks.
  • Regular Updates
    Exchange rates are updated frequently, every hour, helping businesses to access the most current data for their transactions.
  • Customizable Plans
    Open Exchange Rates offers a range of subscription plans tailored to different needs, from personal use to enterprise-level requirements.

Possible disadvantages of Open Exchange Rates

  • Subscription Costs
    While there is a free tier available, advanced features and higher usage limits require paid subscriptions, which may be costly for some users.
  • Limited Free Plan Functionality
    The free plan has limitations such as accessing only 1,000 requests per month and a limited number of currencies, which may not be sufficient for heavy users.
  • Lack of Real-Time Rates
    The exchange rates are updated hourly, which might not be adequate for users requiring real-time currency conversion information.
  • Dependency on API Stability
    As with any API, there is a dependency on the stability and reliability of Open Exchange Rates' service, and any downtime could affect business operations.

Category Popularity

0-100% (relative to Fixer.io and Open Exchange Rates)

Fixer.io

Open Exchange Rates

APIs
61 61%
APIs
39% 39
Currency Exchange
56 56%
Currency Exchange
44% 44
Finance
55 55%
Finance
45% 45
Currency Exchange API
53 53%
Currency Exchange API
47% 47

User comments

Share your experience with using Fixer.io and Open Exchange Rates. For example, how are they different and which one is better?
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Social recommendations and mentions

Based on our record, Fixer.io should be more popular than Open Exchange Rates. It has been mentiond 20 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.

Fixer.io mentions (20)

  • 20 Free Api For Your Next Project
    FIXER - Simple and Lightweight API for current and historical foreign exchange rates. - Source: dev.to / about 1 year ago
  • Calculate anything to currency not working
    Thanks for the response! It seems It started working after adding the fixer.io API key. Source: over 1 year ago
  • Calculate anything to currency not working
    Edit: I thought the fixer.io is not mandatory but apparently it is? For the currency. Source: over 1 year ago
  • Using the builder/manager pattern in Laravel
    One driver (which we'll call FixerIODriver) will interact with the Fixer.io API and the other (which we'll call OpenExchangeRatesDriver) will interact with the Open Exchange Rates API. - Source: dev.to / over 1 year ago
  • A Comprehensive Guide to Exchange Rate History: Understanding the Past to Navigate the Future
    Exchange rates play a pivotal role in the global economy. They determine the value of one currency relative to another and have a profound impact on international trade, investment, and economic stability. To gain insight into current exchange rate trends and make informed financial decisions, it's essential to delve into exchange rate history. In this article, we'll explore the significance of exchange rate... Source: over 1 year ago
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Open Exchange Rates mentions (10)

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What are some alternatives?

When comparing Fixer.io and Open Exchange Rates, you can also consider the following products

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

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.

exchangeratesapi.io - Foreign exchange rates API with currency conversion.

fxAPI - fxapi.com is the premier forex API for developers and traders. With our easy-to-use platform, you can access real-time market data, analyze trends, and build custom indicators to make informed trading decisions.

BestExchangeRates - Compare FX and save when you send or spend abroad

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