ExchangeRate-API’s free plan includes only 1500 API requests per month. For developers testing applications or building early-stage projects, this limit is quickly exhausted. Paid plans start at $13.99/month. CurrencyFreaks, in comparison, offers 1,000 free monthly API calls; ten times more, with paid plans starting at $9.99/month.
In this guide, we compare Exchange Rates API and CurrencyFreaks to help you understand their features, pricing, and limitations so you can choose the right API for your project.
CurrencyFreaks Vs. Exchange Rates API
| Features | CurrencyFreaks | Exchange Rates API |
|---|---|---|
| Security | SSL encryption for all plans | SSL encryption for all plans |
| Starting Price | $9.99/month (Starter plan) | $13.99/month (Basic plan) |
| Global Coverage | currencies ( fiat, | 200+ currencies |
| Free Plan API Calls | 1000 API calls/month | 1500 API calls/month |
| Free Plan Update Frequency | 24-hour updates | Hourly updates |
| Response Format | JSON and XML | JSON only |
| Base Currency (Free Plan) | USD only | EUR default (custom base on paid plans) |
| Authorization | API Key | API Key |
| Latest Currency Rates | ✔ | ✔ |
| Desired Currency Rates Only | ✔ | ✔ |
| Change Base Currency | ✔ (paid plans) | ✔ (paid plans) |
| Historical Rates | ✔ | ✔ |
| Latest Rates Conversion | ✔ (paid plans) | ✔ |
| Historical Rates Conversion | ✔ (paid plans) | ✔ |
| Time Series Endpoint | ✔ (Professional plan+) | ✔ (Professional plan+) |
| Fluctuation Endpoint | ✔ (Professional plan+) | ✔ (Business plan+) |
| Supported Currency Symbols | ✔ | ✔ |
| Supported Currencies Endpoint | ✔ | ✔ |
| IP to Currency Endpoint | ✔ (Growth plan+) | ❌ |
| Historical Data Limits Endpoint | ✔ | ❌ |
CurrencyFreaks
CurrencyFreaks is a comprehensive currency exchange rate API that provides accurate, real-time, and historical exchange data for global currencies, including fiat currencies, .
The API is built to help developers, businesses, and financial platforms access reliable currency information quickly and easily. It supports current rates, historical data, time series, and fluctuation analysis, making it suitable for applications such as financial reporting, currency conversion tools, e-commerce pricing, and investment platforms.
With a secure, SSL-encrypted connection and a scalable infrastructure, CurrencyFreaks handles anything from a few API calls per day to thousands per second. It offers flexible plans, including a free tier for testing, and provides JSON and XML output formats for effortless integration into web and mobile applications.
Exchange Rates API
Exchange Rates API is a REST API that provides live and historical currency exchange rate data for over 160 global currencies. It delivers JSON responses that are easy to integrate and uses multiple data sources, including central banks, to ensure stable and reliable exchange rate information. The API is designed for use cases like SaaS platforms, dashboards, and e-commerce applications.
The platform offers a free plan with up to 1,500 API requests per month, with data updated once every 24 hours. Faster update intervals and higher request limits are available on paid plans, which also include historical data access and improved support. While the free tier is suitable for testing and basic use cases, real-time or high-frequency applications typically require an upgrade.
Its scalable infrastructure and long-term API stability make it a dependable option for developers, though limitations in update frequency on the free plan may impact time-sensitive applications.
Conclusion
Go for CurrencyFreaks if you want broader currency coverage, more free API calls, and flexible data formats like JSON and XML. It is a practical option for developers who need reliable currency data without strict limitations on usage.
Exchange Rates API can be useful for projects that require a simple setup and basic exchange rate data. However, developers who need wider currency support and more generous free usage may find CurrencyFreaks a better fit.
FAQs
How Much Does ExchangeRate-API Cost?
Paid plans start at $13.99/month, while the free plan allows 1500 API calls per month.
What Is the Best Free ExchangeRate-API Alternative?
CurrencyFreaks offers 1,000 free monthly API calls with paid plans starting at $9.99/month, making it a strong alternative.
What Are the Free Plan Limits of Exchange Rates API?
The free plan of Exchange Rates API allows up to 1500 API requests per month with hourly updates. Developers who need more frequent updates or higher request limits must upgrade to a paid plan.
Does Exchange Rates API Support Multiple Base Currencies?
ExchangeRate-API's free plan defaults to EUR as the base currency. To use USD, GBP, or other base currencies, you'll need a paid plan starting at $13.99/month. CurrencyFreaks defaults to USD on the free plan with flexible base currency options on paid plans from $9.99/month.
