Open Exchange Rates
Business Profile
Core Value Proposition
Open Exchange Rates provides accurate, transparent live and historical exchange rate data and currency conversion via a JSON API.
Target Customer
Developers, startups, brands, and organisations needing reliable currency data integration; customers who value quick onboarding and scalable access.
Key Differentiator
Blends data from multiple reliable providers into a lightweight, JSON API with simple authentication, extensive open source library support, and a scalable plan structure; no long-term contracts.
Implementation Timeline
Fast onboarding with instant access upon signing up; test drive available; no complex authentication required; straightforward integration.
Pain Points
- 1Need for consistent, reliable exchange rate data for cross-currency payments and currency conversion.
- 2Difficulty integrating and using complex or opaque APIs with heavy authentication.
- 3Requirement for scalable access from small usage to high-frequency requests.
Key Features
- 1Live and historical exchange rates for over 200 currencies
- 2Time-series and currency conversion APIs
- 3JSON data format with simple, well-documented API
- 4Open source integrations with 200+ libraries
- 5Scalable usage from low to high request volumes
Target Customer Industries
Client Results
- 1Reliable, up-to-date currency data powering cross-border payments and apps
- 2Scalable API capable of handling from single requests per month to hundreds per second
- 3Faster development with easy integration and broad library support
Competitive Advantages
- 1No long-term contracts and straightforward pricing
- 2JSON format and simple authentication
- 3Data blended from multiple reliable providers for consistency
- 4Strong developer focus with open source libraries and community integrations
- 5Scalability across small to very high request volumes
Key Benefits
Additional Product Information
Product Description
The original simple, accurate and transparent exchange rates and currency conversion data API, providing live and historical rates for over 200 currencies via a JSON API.
Target Market
Developers and organizations needing reliable currency data and conversion functionality for applications, websites, and cross-border payments.
Unique Value Proposition
A developer-friendly, transparent JSON API delivering live and historical forex data from multiple sources with extensive community libraries and scalable pricing.
Technical Requirements
JSON API; App ID; base currency default USD; supports live, historical, time-series, and conversion endpoints; no complex authentication
Pricing Model
Plans include Free, Developer ($12/month), Enterprise ($47/month), and Unlimited ($97/month), with 2 months free per year on annual billing; includes hourly updates and varying API request limits; VIP options available with enhanced features.
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