There is a commodity for everything. Oil, iron, grains, etc. Some of them are more used than others but all of them are important for the economy and for the world in general. Today, we are going to talk about the importance that commodity rates have in our society and also about some of the best APIs that can get you these important information. Commodity Rate APIs: What Are They? As their name suggest, Commodity Rate APIs are digital tools that get you up-to-date information about the rates of commodities. Some of these APIs allow you to access data specific to commodities while others can get you overall rates that include commodities and fiat currencies. You can use them to get a better perception of what is happening in the market, how commodity rates are developing and how they are related to each other as well as if is better to buy or sell them at a certain moment. The ones that allow you to get information on different types of commodities are called commodity scanners and they are very useful for commodity traders and even for people who just want to check commodity rates on regular basis. This type of Commodity Rates API works by scanning the market and providing you with detailed information such as price, historical data, market cap, and much more. This type of API is made specifically for developers so you need to know some basic programming skills to be able to use it. There is also another type of commodity API: the ones that focus on particular commodities. This tools also provide information about prices and market conditions but it usually does not offer historical data nor do they scan other markets. They usually only provide data about one or two commodities. Nevertheless, using one of them will surely be beneficial for your business. The last type of Commodity Rates API is the forex rate API. This one will provide you with up-to-date forex rates from USD to any other supported currency. It will also let you know how much currency 1 USD cost at any point in time and how much USD 1 worth at any other point in time, giving you the best possible insight into global economies and markets. The forex rate API is perfect for people who want an easy way to track forex rates directly from their website or app without having to mess with currency conversions themselves! Best Commodity Rates APIs For Developers Let’s take a look at 3 great Commodity Rates APIs out there: Get Commodities Prices With This API! Current
Check different Commodity rates with this API. Get the latest price, prices per date, open, close, and much more.
To make use of it, you must first:
1- Go to Commodities API and simply click on the button “Subscribe for free” to start using the API.
2- After signing up in Zyla API Hub, you’ll be given your personal API key. Using this one-of-a-kind combination of numbers and letters, you’ll be able to use, connect, and manage APIs!
3- Employ the different API endpoints depending on what you are looking for.
4- Once you meet your needed endpoint, make the API call by pressing the button “run” and see the results on your screen.