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ExchangeRate-API vs Open Exchange Rates

Professional comparison and analysis to help you choose the right software solution for your needs.

ExchangeRate-API icon
ExchangeRate-API
Open Exchange Rates icon
Open Exchange Rates

ExchangeRate-API vs Open Exchange Rates: The Verdict

Last updated: May 2026 · Comparison by Sugggest Editorial Team

Feature ExchangeRate-API Open Exchange Rates
Sugggest Score — —
Category Business & Commerce Bitcoin & Cryptocurrency
Pricing — Freemium

Product Overview

ExchangeRate-API
ExchangeRate-API

Description: 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.

Type: software

Open Exchange Rates
Open Exchange Rates

Description: 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.

Type: software

Pricing: Freemium

Key Features Comparison

ExchangeRate-API
ExchangeRate-API Features
  • 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
Open Exchange Rates
Open Exchange Rates Features
  • 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

Pros & Cons Analysis

ExchangeRate-API
ExchangeRate-API
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
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

Pricing Comparison

ExchangeRate-API
ExchangeRate-API
  • Not listed
Open Exchange Rates
Open Exchange Rates
  • Freemium

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ExchangeRate-API
ExchangeRate-API
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Open Exchange Rates
Open Exchange Rates
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