Open Exchange Rates vs ExchangeRate-API

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

Open Exchange Rates is a Bitcoin & Cryptocurrency solution with tags like forex, currencies, exchange-rates, api.

It boasts features such as 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 pros including 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.

On the other hand, ExchangeRate-API is a Business & Commerce product tagged with currency, exchange-rate, api, conversion.

Its standout features include 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 it shines with pros like Accurate and reliable exchange rates, Large currency selection, Historical data for analysis, Easy to implement, Good documentation.

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

Product Overview

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.

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.

Key Features Comparison

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

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

Pros & Cons Analysis

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

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

Pricing Comparison

Open Exchange Rates

• Free
• Freemium

ExchangeRate-API

• Subscription-Based
• Pay-As-You-Go