ExchangeRate-API
Forex · Data Analytics
ExchangeRate-API is one of the most developer-friendly and widely-used currency exchange rate APIs available globally. Founded to provide reliable, accurate, and affordable foreign exchange data, the platform delivers real-time and historical exchange rates for 165 currencies across 200 countries including the Nigerian Naira (NGN) through a clean, well-documented RESTful API.
ExchangeRate-API Highlights
ExchangeRate-API is verified for developer integrations in Nigeria and across African markets, providing documented endpoints, sandbox testing, and developer support.
API Key free signup, no credit card required; also offers no-key open access endpoint
Free: 1,500 req/month. Pro: 30,000 req/month. Business: 125,000 req/month. HTTP 429 when quota exceeded.
Nigeria
Ghana
Kenya
AWSExchangeRate-API is best for:
Nigerian fintech apps, e-commerce platforms, remittance tools, and dashboards needing reliable multi-currency exchange rates including NGN with a generous free tier and affordable paid plans.
- Free:$0/month, 1,500 req/month, daily updates
- Pro:$10/month, 30,000 req/month, hourly updates
- Business:$30/month, 125,000 req/month, 5-min updates
- All plans include historical data back to 1990
ExchangeRate-API Core Features & Capabilities
Features Included
Not Supported
Required Access Documents for ExchangeRate-API
- No Documents RequiredOptionalSign up with email only. No KYC or credit card needed. API key issued instantly.
Different ExchangeRate-API use cases
- Remittance Rate Display:Nigerian remittance platforms show live USD/GBP/EUR to NGN rates at checkout using ExchangeRate-API, letting diaspora customers confirm exactly how much recipients receive before sending.
- E-commerce Multi-currency Pricing:Nigerian online stores auto-convert NGN product prices to USD or EUR for international shoppers using real-time rates, keeping pricing accurate without manual updates.
- Forex Rate Dashboard:Fintech startups build NGN cross-rate dashboards pulling 165 currencies and historical data to visualize Naira performance trends.
- Invoice Currency Conversion:Nigerian freelancers billing international clients in USD convert invoice totals to NGN at current mid-market rates for local accounting and tax filings.
- Historical FX Analysis:Treasury and fintech apps use ExchangeRate-API's 1990+ historical data to compute average NGN rates for a period and model FX risk exposure.