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Open Exchange Rates VS BestExchangeRates

Compare Open Exchange Rates VS BestExchangeRates and see what are their differences

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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.

BestExchangeRates logo BestExchangeRates

Compare FX and save when you send or spend abroad
  • Open Exchange Rates Landing page
    Landing page //
    2021-10-05
  • BestExchangeRates Landing page
    Landing page //
    2023-10-04

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.

BestExchangeRates features and specs

  • Comprehensive Rate Comparisons
    BestExchangeRates provides a wide range of currency exchange rate comparisons from numerous providers, enabling users to find competitive rates tailored to their needs.
  • User-Friendly Interface
    The platform is designed with simplicity in mind, making it easy for users to navigate and compare rates efficiently, regardless of their level of experience.
  • Extensive Coverage
    BestExchangeRates includes a large number of currencies and countries, offering diverse options for international travelers and businesses.
  • Rate Alerts
    Users can set up rate alerts to receive notifications when desired exchange rates are available, helping them secure better deals.

Possible disadvantages of BestExchangeRates

  • Limited Provider Feedback
    The website can lack detailed user reviews or feedback for all listed currency exchange providers, making it harder to assess provider reliability.
  • Potential Rate Changes
    Exchange rates can fluctuate rapidly, and the rates shown on the platform might not be up-to-the-minute, potentially leading to discrepancies.
  • Advertisement Presence
    The site contains advertisements which can be distracting for users who are trying to quickly find and compare exchange rates.
  • No Direct Transactions
    BestExchangeRates does not facilitate direct transactions; users need to visit the provider's website to complete their currency exchange.

Category Popularity

0-100% (relative to Open Exchange Rates and BestExchangeRates)

Open Exchange Rates

BestExchangeRates

Finance
69 69%
Finance
31% 31
APIs
64 64%
APIs
36% 36
Currency Exchange
66 66%
Currency Exchange
34% 34
Currency Exchange API
63 63%
Currency Exchange API
37% 37

User comments

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

Based on our record, Open Exchange Rates seems to be more popular. It has been mentiond 10 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.

Open Exchange Rates mentions (10)

View more

BestExchangeRates mentions (0)

We have not tracked any mentions of BestExchangeRates yet. Tracking of BestExchangeRates recommendations started around Mar 2021.

What are some alternatives?

When comparing Open Exchange Rates and BestExchangeRates, 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.

FXRatesAPI - Your Gateway to Real-Time Exchange Rates

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

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

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.

Currencylayer - Free and startup-friendly currency converter JSON API for real-time and historical exchange rates - reliable and accurate, supporting 168 world currencies.

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