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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 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.

A foreign historical exchange rate talks about the history of the foreign exchange rate, providing traders with an in-depth idea of the past performance of that currency. With the help of Forex java API, Forex traders can gain endless information about the historical foreign exchange rates and take decisions accordingly. Not only Forex traders but helps government officials and bureaus while dealing with international cases.
A foreign historical exchange rate talks about the history of the foreign exchange rate, providing traders with an in-depth idea of the past performance of that currency. With the help of Forex java API, Forex traders can gain endless information about the historical foreign exchange rates and take decisions accordingly. Not only Forex traders but this helps government officials and bureaus while dealing with international cases.

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