What is Commodities-API?
Commodities-API started out as a simple, lightweight, open-source API for the latest and historical commodities rates published by the banks and the stock market. This API is capable of delivering real-time commodities data via API at an accuracy of 2 decimal points and a frequency as high as every 60 seconds. The capabilities include delivering exchange rates for almost any commodity, precious metals, converting single currencies, returning time-series data, and fluctuation data.
Commodities prices data delivered by our API is collected from over 15 reliable data sources every minute. Sources include banks and financial data providers.
In this sense, developers are given an API key that allows them to access the API service provider's data sources and, with it, requests are sent and received through endpoints. The endpoints are added by developers to their apps. JSON is used to format the responses.
Apart from that, the same API endpoints are used to convert currency and commodity prices, and they may be used to convert any amount from one currency to another, as well as from one commodity to any commodity and any currency to any currency.
Utilising this API, you can gain a better understanding of the market and give each of your clients the prices they require for any commodity. A comprehensive variety of products is available for you to check out and contrast.
Commodities-API returns midpoint data for all commodities and currency rates. The average median rate of bid and ask for a given period is used to calculate midpoint rates. This API supports Rice, Wheat, Coffee, Corn, Sugar, Brent Crude Oil, WTI Crude Oil, Palm Oil, Soybeans, Natural Gas, Ethanol, Gold, Silver, Rubber and much more. Commodities-API is capable of delivering accurate commodities and exchange rate data for almost any commodity, in 170 world currencies, including Bitcoin and other major cryptocurrencies.
To use it, you must first make an API call while using different symbols for the currency and the commodity. In a simple API call, you can use a number of different commodities, but only one currency.
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