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.

Feature	ExchangeRate-API	Open Exchange Rates
Overall Score	N/A	N/A
Primary Category	Business & Commerce	Bitcoin & Cryptocurrency

Product Overview

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.

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.

Key Features Comparison

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 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

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

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

• Subscription-Based
• Pay-As-You-Go

Open Exchange Rates

• Free
• Freemium