exchangeratesapi
Financial data APIs
Financial services software
- Features
- Ease of use
- Ease of management
- Quality of support
- Affordability
- Market presence
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$7.99 per month
Free Trial unavailable
Free version
Small
Medium
Large
- Transportation and logistics
- Retail and wholesale
- Manufacturing
What is exchangeratesapi
exchangeratesapi is a web API that provides foreign exchange rate data for currency conversion and financial calculations. It is typically used by developers and product teams to add exchange-rate lookups to applications such as billing, invoicing, ecommerce pricing, and reporting. The service focuses on delivering currency rates via simple HTTP endpoints rather than broader payment processing or open-banking capabilities.
Simple REST integration
The product exposes exchange-rate data through straightforward HTTP endpoints that are easy to call from most programming languages. This fits common use cases such as converting amounts, displaying multi-currency prices, and normalizing transactions for reporting. The narrow scope reduces implementation complexity compared with broader financial services platforms.
Developer-oriented data access
The API model supports embedding FX rate retrieval directly into applications and backend workflows. Teams can automate rate pulls for scheduled jobs (e.g., daily reporting) and on-demand conversions at checkout or invoice creation. This aligns with financial data API usage patterns where developers need programmatic access rather than a full financial operations suite.
Focused on FX rates
The product concentrates on exchange-rate retrieval rather than combining it with payments, payouts, or bank connectivity. For organizations that only need FX reference rates, this can reduce vendor and compliance overhead. It also helps keep the integration surface area smaller than multi-product financial platforms.
Not a payments platform
exchangeratesapi provides exchange-rate data but does not handle payment acceptance, payouts, onboarding, or compliance workflows. Companies needing end-to-end money movement must integrate additional providers and systems. This increases overall architecture complexity compared with platforms that bundle data and transaction capabilities.
Limited financial data breadth
The product is centered on currency exchange rates and does not typically cover adjacent datasets such as account data, transaction enrichment, identity, or open-banking connectivity. If a roadmap requires broader financial data coverage, teams may need multiple APIs. This can create additional vendor management and integration effort.
Vendor details not verifiable
Public, authoritative information about the owning company (legal entity, headquarters, and founding year) is not consistently identifiable from the product name alone. Without clear vendor attribution, procurement teams may face challenges completing due diligence (security, privacy, support SLAs). Confirming the official website and corporate owner is recommended before adoption.
Plan & Pricing
| Plan | Price | Key features & notes |
|---|---|---|
| Free | $0 per month | 100 Requests / month; Daily updates; Historical rates; No support. |
| Starter | $7.99 per month (or $6.99 per month if billed yearly — $86.99 billed yearly) | 5,000 Requests / month; Overage: $0.003196 per additional request; Hourly updates; Historical rates; Standard support; HTTPS encryption; Source currency switching; Currency conversion. |
| Basic | $14.99 per month (or $13.99 per month if billed yearly — $161.99 billed yearly) | 10,000 Requests / month; Overage: $0.002998 per additional request; Hourly updates; Historical rates; Standard support; HTTPS encryption; Source currency switching; Currency conversion; Platinum Support add-on shown as $479.88 billed annually. |
| Professional | $59.99 per month (or $52.99 per month if billed yearly — $629.99 billed yearly) | 100,000 Requests / month; Overage: $0.0011998 per additional request; 10-minute updates; Historical rates; Standard support; HTTPS encryption; Source currency switching; Currency conversion; Time-frame queries; Platinum Support add-on shown as $599.88 billed annually. |
| Business | $99.99 per month (or $84.99 per month if billed yearly — $1,019.99 billed yearly) | 500,000 Requests / month; Overage: $0.00039996 per additional request; 60-second updates; Historical rates; Standard support; HTTPS encryption; Source currency switching; Currency conversion; Time-frame queries; Currency-change queries; Platinum Support add-on shown as $719.88 billed annually. |
