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Now that you're pumped about using a currency conversion API, there are certain factors you need to consider before opting for one. 

1. 
   

   The historical data range needs to go back to 20 years or more 

   
   


2. 
   

   The API needs to be authentic where the data is sourced from trusted sources like banks, and data providers. 

   
   


3. 
   

   It needs to have extensive experience of 5 years or more

   
   


4. 
   

   The API connected needs to be encrypted through bank-level security 

   
   


5. 
   

   There has to be a diligent customer care team available 24*7 to deal with every API-related issue

   
   

The presence of historical foreign exchange rates is essential in a currency conversion API. It will not only be highly worthwhile for Forex traders but numerous other businesses engaged in financial or export and import spheres.

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