If you’re looking for OANDA API pricing, here’s what you need to know: OANDA does not offer a permanent free plan, and access is tied to a trading account. Annual pricing for the exhibition rates API starts at around $4,850, with a 7-day free trial for testing.
For developers needing a simpler solution for currency conversion in SaaS, e-commerce, or dashboards, CurrencyFreaks offers a free plan with 1,000 monthly API calls and affordable paid options starting at $9.99/month. Other currency conversion APIs include XE, OANDA, and currencylayer.
This guide compares OANDA and CurrencyFreaks so you can choose the best API for your project in 2026.
OANDA Vs. CurrencyFreaks Currency Conversion API
| Feature | Oanda API | CurrencyFreaks |
|---|---|---|
| Starting Price | ~$4,850 per year | $9.99/month |
| Free Tier | 7-day API trial | 1000 free API calls/month |
| Currencies Covered | Thousands of currency pairs | 1018 global currencies |
| Update Frequency | Approx. 5 seconds | 60 seconds |
| Documentation Quality | Complex | Developer-focused, simple |
| Support | Enterprise support, including access to a quarterly briefing call for institutional clients and platinum support click options. | Email support |
| Designed For | Brokers & trading systems | SaaS, apps, e-commerce |
| Integration Complexity | Trading-oriented API | Simple REST API for currency conversion |
For many developers researching OANDA API pricing, the key question is whether a trading-focused API is necessary for simple currency conversion. E-commerce stores use currency conversion APIs to show local prices to customers.
If your project only needs exchange rate data, for example:
• e-commerce price localization
• SaaS dashboards
• financial reporting
• currency converter widgets
Then, a lightweight currency conversion API is usually easier and far cheaper to integrate. Real-time rates are important for accurate financial transactions.
Oanda API Pricing, Free Tier & Limits in 2026
If you're searching for Oanda API pricing, here’s the clear answer upfront. Oanda does not offer a permanent free plan. Access to the API is tied to having a trading account. This is important if you only need a Currency conversion api for business applications.
Does Oanda Offer a Free Plan?
OANDA offers a free demo account that allows you to test the REST API and explore sample code. However, it does not provide a permanent free tier for commercial currency conversion. The demo is intended for testing and simulation only.
How Much Does Oanda API Cost?
OANDA foreign exchange rates API plans start at around $4,850/year for the standard plan, which includes 100,000 API quotes per month and daily average rate data.
Higher-tier plans offer more quotes, additional datasets, faster updates, and premium features. A 7-day free trial allows testing before committing.
For custom plans or enterprise needs, businesses must contact OANDA directly. Fixer.io also has a Professional plan priced at $52.99 per month, with support for up to 100,000 requests each month.
What Does Oanda API Include?
The OANDA REST API includes:
• Real-time exchange rates
• Historical rates dating back to 2005
• Market pricing endpoints
• Order, trade, and account management functionality
Historical data from the API lets you check past exchange rates for analytics and reporting. While it provides real-time currency conversion and historical data, it is designed primarily for trading systems rather than lightweight currency conversion use cases.
If you need a clean currency conversion api json response for SaaS or e-commerce use cases, Oanda may be more complex than required.
Key Limitation for Developers
Access to the OANDA API requires:
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Account registration
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API token generation
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Acceptance of licensing terms
OANDA does not provide publicly advertised limits such as a free API tier. For businesses needing a predictable, scalable Currency Conversion API, this lack of transparent pricing can be a key consideration.
Try CurrencyFreaks Free → Get 1,000 free monthly API calls and integrate a real-time currency conversion API in minutes.
Looking for a Simpler Currency Conversion API?
CurrencyFreaks provides strong developer support and actively considers product management feature requests:
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Transparent pricing starting at $9.99/month across flexible paid plans, with discounts available for annual billing.
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A free plan with 1000 API calls
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The API is built for easy implementation with clear documentation.
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<span class='total-count> supported currencies with proper currency symbol formatting
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Clean JSON responses with a structured api response format and clear currency code support for seamless integration
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The API returns data in formats like JSON or XML, including the converted amount and rate used.
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Dedicated conversion endpoints designed for effortless integration and reliable connection across applications
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Some APIs make things easier by handling the conversion calculation on their own servers.
It works as a live currency conversion api with mid-market rates and simple integration. You can use it as a global currency conversion api for commercial projects. You can try it right away with instant access and check the integration status without delays. No complex licensing steps or issue access barriers are required.
Start with the CurrencyFreaks free plan and see if it actually works for your project.
CurrencyFreaks
CurrencyFreaks is built specifically as an exchange rates API for developers, offering intuitive APIs for faster deployment. The API provides real-time exchange rate data with updates every minute. It provides accurate, regularly updated exchange rates for 1018 global currencies. The API can return historical rates by adding a date to the URL.
Time-series data can return daily rates across a chosen date range for trend analysis. Also, include major currencies like the euro, the latest exchange rates, aligned with reference rates such as the European Central Bank.
Its clean JSON responses and developer-focused documentation make it suitable for SaaS platforms, e-commerce applications, and financial dashboards. You can usually fetch data from the API by making a simple GET request, either with cURL or with the HTTP library built into your development stack. The documentation has clear code examples for its API endpoints using base currencies and converting one currency into another.
To start using a currency conversion API, the first step is usually signing up and getting your API key. The API supports secure HTTPS connections for all users. The best part? It comes with SSL Encryption.
OANDA
OANDA provides API access to currency exchange rate data through its REST-V20 API, designed primarily for financial institutions and trading systems. A currency conversion API collects exchange rate data from trusted sources like central banks and financial institutions.
Founded in 1996 by Dr. Richard Olsen and Dr. Michael Stumm, OANDA offers accurate exchange rates for thousands of currency pairs. The API provider often normalizes and processes the data to improve accuracy, sometimes using algorithms.
Its enterprise support includes dedicated assistance for institutional clients. The API can handle anything from low request volumes to thousands per second. The API updates approximately every 5 seconds, providing near real-time data suitable for real time applications. Its documentation includes setup steps and code examples for quick implementation.
Conclusion
OANDA provides powerful infrastructure for trading platforms and financial institutions. However, its pricing structure and licensing requirements can make it complex for developers who only need exchange rate data.
If you're simply building a currency converter, SaaS dashboard, or e-commerce platform, a dedicated currency conversion API like CurrencyFreaks is often a simpler and more affordable solution. Travel apps can use a currency conversion API to display live exchange rates for users.
Before choosing, compare your actual needs: data frequency, number of currencies, API limits, integration complexity, and hidden fees professional level considerations.
FAQs
Does OANDA Offer a Free API?
OANDA provides a free demo account, but no permanent free tier for commercial currency conversion.
How Much Does the OANDA Exchange Rates API Cost?
Plans start around $4,850 per year. A 7-day free trial is available.
Is OANDA API Suitable for Currency Conversion Apps?
It works, but pricing and complexity often exceed the needs of simple apps, dashboards, or e-commerce tools.
How Does CurrencyFreaks Simplify Currency Rate Integration?
CurrencyFreaks provides clean JSON responses, up-to-date rates, and a free plan with 1,000 monthly API calls.
Why Choose CurrencyFreaks Over OANDA for Apps?
Faster integration, simple pricing, and no trading account required. Perfect for SaaS, e-commerce, and dashboards.
