ExchangeRate-API vs Open Exchange Rates

Struggling to choose between ExchangeRate-API and Open Exchange Rates? Both products offer unique advantages, making it a tough decision.

ExchangeRate-API is a Business & Commerce solution with tags like currency, exchange-rate, api, conversion.

It boasts features such as Real-time exchange rates for 168 world currencies, Historical currency data going back 25+ years, Flexible usage plans for different needs, Easy integration with JSON & XML APIs, High availability and uptime and pros including Accurate and reliable exchange rates, Large currency selection, Historical data for analysis, Easy to implement, Good documentation.

On the other hand, Open Exchange Rates is a Bitcoin & Cryptocurrency product tagged with forex, currencies, exchange-rates, api.

Its standout features include Free and simple API for current and historical foreign exchange (forex) rates, Covers 168 world currencies, Updated hourly, Easy to integrate and use, Provides access to real-time and historical exchange rates, and it shines with pros like Free to use for a limited number of requests per month, Reliable and accurate exchange rate data, Simple and straightforward API, Covers a wide range of currencies.

To help you make an informed decision, we've compiled a comprehensive comparison of these two products, delving into their features, pros, cons, pricing, and more. Get ready to explore the nuances that set them apart and determine which one is the perfect fit for your requirements.

ExchangeRate-API

ExchangeRate-API

ExchangeRate-API is a currency conversion and exchange rate data API. It provides real-time and historical foreign exchange rates for 168 world currencies. The API is easy to integrate and offers flexible plans for startups and enterprises.

Categories:
currency exchange-rate api conversion

ExchangeRate-API Features

  1. Real-time exchange rates for 168 world currencies
  2. Historical currency data going back 25+ years
  3. Flexible usage plans for different needs
  4. Easy integration with JSON & XML APIs
  5. High availability and uptime

Pricing

  • Subscription-Based
  • Pay-As-You-Go

Pros

Accurate and reliable exchange rates

Large currency selection

Historical data for analysis

Easy to implement

Good documentation

Cons

Can be expensive for high usage

Limited customization options

No free plan

Support response times could be faster


Open Exchange Rates

Open Exchange Rates

Open Exchange Rates provides a free, simple and easy-to-use API for current and historical foreign exchange (forex) rates and currency conversion. The API covers 168 world currencies and is updated hourly.

Categories:
forex currencies exchange-rates api

Open Exchange Rates Features

  1. Free and simple API for current and historical foreign exchange (forex) rates
  2. Covers 168 world currencies
  3. Updated hourly
  4. Easy to integrate and use
  5. Provides access to real-time and historical exchange rates

Pricing

  • Free
  • Freemium

Pros

Free to use for a limited number of requests per month

Reliable and accurate exchange rate data

Simple and straightforward API

Covers a wide range of currencies

Cons

Limited free usage tier with higher pricing for increased usage

No advanced features or customization options in the free plan

Potential latency in data updates