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Exchange Rate Real Dollar

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PythonServer Side ProgrammingProgramming

Real-time exchange rates are supplied by the foreign exchange market (forex), the same place where most currency transactions take place. The forex is a global, decentralized, over-the-counter market for the trading of currencies.

Python is very good at handling API calls. In this article we will see how we can handle the API calls for currency exchange rates in real time as well as historical.

Using forex-python

This module provides the most direct way of getting the currency conversion rates. It has functions and parameters which can take inputs for the required currency codes and then give the result for the conversion. The below example gives the live conversion rate.

Example

. Real-time rates available in Paris, London, Rio, etc. (more to come soon). Currency rate gauge to get the rate spread in an area. Detailed information and available services (bankcard payment allowed, new banknotes available, negotiable fees, etc.). We add a datetime object form the datetime module to the above example and that gives us the currency exchange rate at specific time and date. Example from forexpython.converter import CurrencyRates import datetime c = CurrencyRates dt = datetime.datetime(2020, 3, 27, 11, 21, 13, 114505) print(c.getrate('USD', 'INR', dt)). The foreign currency rate typically includes Wells Fargo’s sell or buy rate for that particular foreign currency, and/or a charge in order to compensate Wells Fargo for any number of considerations, such as risks taken, costs incurred and services rendered (i.e., “mark-up”), including the amount of revenue Wells Fargo expects to earn as a profit.

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Output

Running the above code gives us the following result −

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Historical currency rates

We add a datetime object form the datetime module to the above example and that gives us the currency exchange rate at specific time and date.

Example

Output

Running the above code gives us the following result −

Using web API

Rate Of Exchanges

There are many APIs available which provide us the currency rates by making calls using a API key and getting back the result as JSON. We can further extend the code to convert the JSON to a list and format the data if needed.

Example

Output

Running the above code gives us the following result −

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Real exchange rates

Exchange rates that have been adjusted for the inflation differential between two countries.

Real Exchange Rates

The purchasing power of two currencies relative to one another. While two currencies may have a certain exchange rate on the foreign exchange market, this does not mean that goods and servicespurchased with one currency cost the equivalent amounts in another currency. This is due to different inflation rates with different currencies. Real exchange rates are thus calculated as a nominal exchange rate adjusted for the different rates of inflation between the two currencies. See also: Purchasing power parity.

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Real Exchange Rate Data

<a href='https://financial-dictionary.thefreedictionary.com/Real+exchange+rates'>Real exchange rates</a>

Exchange Rate Real Dollar

Using forex-python

Example

Output

Historical currency rates

Example

Output

Using web API

Rate Of Exchanges

Example

Output

Real exchange rates

Real Exchange Rates

Real Exchange Rate Data

Money Exchange Rates For Mexico

Real Money Exchange Rate