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Open Exchange Rates VS ExchangeRate-API

Compare Open Exchange Rates VS ExchangeRate-API 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.

ExchangeRate-API logo ExchangeRate-API

An easy to use, free & reliable Exchange Rate API trusted by tens of thousands of developers since 2010!
  • Open Exchange Rates Landing page
    Landing page //
    2021-10-05
  • ExchangeRate-API Landing page
    Landing page //
    2020-05-18

ExchangeRate-API.com offers an easy-to-use JSON currency conversion API with unlimited free requests. The service supports all 160 major currency codes and an incredibly accessible API request format. ExchangeRate-API has been a popular option for developers to get exchange rate data since 2010!

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.

ExchangeRate-API features and specs

  • Free Trial
    100% free forever basic plan
  • Easy to Set-up and use
    Instant start & easy API request formats

Category Popularity

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

Open Exchange Rates

ExchangeRate-API

Finance
72 72%
Finance
28% 28
Currency Exchange
70 70%
Currency Exchange
30% 30
APIs
70 70%
APIs
30% 30
Currency Exchange API
79 79%
Currency Exchange API
21% 21

User comments

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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

ExchangeRate-API mentions (0)

We have not tracked any mentions of ExchangeRate-API yet. Tracking of ExchangeRate-API recommendations started around Mar 2021.

What are some alternatives?

When comparing Open Exchange Rates and ExchangeRate-API, 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

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

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

xChangeApi - Easy to use, free live updated foreign exchange rates API

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

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