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Open Exchange Rates VS FXRatesAPI

Compare Open Exchange Rates VS FXRatesAPI 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.

FXRatesAPI logo FXRatesAPI

Your Gateway to Real-Time Exchange Rates
  • Open Exchange Rates Landing page
    Landing page //
    2021-10-05
  • FXRatesAPI Landing page
    Landing page //
    2024-06-12

FXRatesAPI provides seamless access to real-time and historical exchange rate data. Designed for developers and businesses, our API ensures accurate and up-to-date currency information, empowering you to make informed financial decisions with ease. Integrate effortlessly and stay ahead in the fast-paced world of global finance.

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.

FXRatesAPI features and specs

No features have been listed yet.

Category Popularity

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

Open Exchange Rates

FXRatesAPI

Finance
60 60%
Finance
40% 40
APIs
54 54%
APIs
46% 46
Currency Exchange
57 57%
Currency Exchange
43% 43
Currency Exchange API
47 47%
Currency Exchange API
53% 53

User comments

Share your experience with using Open Exchange Rates and FXRatesAPI. 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 should be more popular than FXRatesAPI. 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)

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FXRatesAPI mentions (1)

  • Some tips for making a ruby gem
    I recently built a gem, https://github.com/kevinluo201/fx_rates, which is an API wrapper for a good exchange rate service, https://fxratesapi.com/. Anyway, what that gem does is not the point here. I simply want to share my experience of making a ruby gem. - Source: dev.to / 2 months ago

What are some alternatives?

When comparing Open Exchange Rates and FXRatesAPI, 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.

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.

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

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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