exchangeratesapi.io vs Open Exchange Rates

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

exchangeratesapi.io is a Online Services solution with tags like currency, exchange-rates, api, ecb.

It boasts features such as Provides current and historical foreign exchange rates for 168 world currencies, Rates updated daily based on European Central Bank data, Free RESTful API with JSON response, No need to register for an API key, Supports base currency conversion, Historical rates available for any day since 1999, Bulk download of time-series data and pros including Free to use with no limits, No registration required, Easy to integrate REST API, Reliable data from European Central Bank, Covers most world currencies.

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.

exchangeratesapi.io

exchangeratesapi.io

exchangeratesapi.io is a free API for current and historical foreign exchange rates published by the European Central Bank. It provides access to updated daily rates for 168 world currencies.

Categories:
currency exchange-rates api ecb

Exchangeratesapi.io Features

  1. Provides current and historical foreign exchange rates for 168 world currencies
  2. Rates updated daily based on European Central Bank data
  3. Free RESTful API with JSON response
  4. No need to register for an API key
  5. Supports base currency conversion
  6. Historical rates available for any day since 1999
  7. Bulk download of time-series data

Pricing

  • Free

Pros

Free to use with no limits

No registration required

Easy to integrate REST API

Reliable data from European Central Bank

Covers most world currencies

Cons

Only provides currency exchange rates, no other financial data

Historical data only goes back to 1999

No advanced analytics or reporting features

Limited to published European Central Bank rates


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