Open Exchange Rates vs exchangeratesapi.io

Struggling to choose between Open Exchange Rates and exchangeratesapi.io? 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, exchangeratesapi.io is a Online Services product tagged with currency, exchange-rates, api, ecb.

Its standout features include 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 it shines with pros like Free to use with no limits, No registration required, Easy to integrate REST API, Reliable data from European Central Bank, Covers most world currencies.

Feature	Open Exchange Rates	exchangeratesapi.io
Overall Score	N/A	N/A
Primary Category	Bitcoin & Cryptocurrency	Online Services

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.

exchangeratesapi.io

Description: 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.

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

exchangeratesapi.io Features

• 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

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

exchangeratesapi.io

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

Pricing Comparison

Open Exchange Rates

• Free
• Freemium

exchangeratesapi.io

• Free