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A free forex API is an application programming interface (API) that provides access to global currency exchange rates. It allows developers to pull real-time forex data, historical rates, and even conversion functionalities directly into their applications without building the backend infrastructure themselves. These APIs are designed to make currency data readily available for developers building applications that require currency exchange APIs.
APIs like exchangerate-api or other free fx rate APIs allow you to track the movements of various currency pairs, delivering real-time and historical exchange rate data. This functionality is essential for forex trading apps, currency converters, and other financial platforms that rely on accurate forex data.
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