Frequently Asked Questions

Our data is sourced from a wide range of commercial sources and banks globally, with a heavier emphasis on commercial sources to more accurately reflect live market trading activities.

Our proprietary algorithm intelligently analyzes data from multiple providers, dynamically identifying and correcting inaccuracies in real-time. This ensures that our API delivers precise, reliable information in a user-friendly format, empowering you to make informed decisions with confidence.

See our full list here.

It depends on your subscription plan. Live/spot data is collected within a 60-second market window. Depending on your Subscription Plan, quotes are refreshed every day (Free Plan), every 60 minutes (Free Plan), 10 minutes (Basic Plan), 60 minutes (Professional and Business Plan).

Our API returns the best representation of the market globally which is the “midpoint” value.

We support over 150+ foreign exchange rates. We are constantly expanding our data feed. See the most up-to-date detailed list of all supported foreign exchange rates here.

The previous day's historical exchange rates become available each day at 00:05 AM GMT (12:05 AM London time).

The previous day’s historical rates become available each day at 00:05 AM GMT. However, to allow for reverse rate conversions and consistent comparisons, all rates are time-stamped at 23:59:59 GMT. All timestamp values returned by the API are standard UTC timestamps.

Simply by signing up and verifying your email. Every registered user is assigned a unique personal API key that can be used to access and query our API. You can also rotate/reset your API key at any time in our easy-to-use dashboard. No commitments and we offer a forever free plan. Give it a try by signing up here (takes less than 5 minutes).

Accessing any of our endpoints will count as one “API Request”. Based on your Subscription Plan, you get a monthly allowance of “API Requests”.

Your connection to the our API is encrypted using bank-grade 256-bit SSL Encryption.

Users will automatically be notified via email and on their Account Dashboard once at least 75%, 90%, and 100% of their monthly API Request allowance has been reached.

After you reach 100% of your quota, you will be soft-capped.

All paid customers can exceed their API request volume by 20% with zero degradation to the services provided. Note that after 120% of your volume has been used your API access will be disabled.

Please rest assured that exceeding the monthly API Request allowance will not cause any additional charges.

Yes. Learn more about our timeframe endpoint here.

Yes. Learn more about our change endpoint here.

Our free plan lets you evaluate our offerings with zero commitment without a time limit. Free plans offer very basic API functionality, limited live data, and access to advanced features compared to our paid plans.
Our paid plans feature significantly higher API Request volumes and data refresh rates and include prioritized technical support.

If you choose to use our free plan for commercial purposes, we require attribution to forexrateapi.com. However, on our paid plans, attribution is not required.

Yes. If you choose annual billing, the total price of your Subscription Plan will be 30% lower than the total amount you would pay with a monthly payment frequency.

Our dashboard allows you to easily upgrade/downgrade your plan.