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Python Interface For Currency Conversion

The document outlines three options for obtaining exchange rate data for USD to INR. Option 1 discusses using XE's Official Currency Data API, which provides reliable data and requires signing up for access. Option 2 suggests web scraping from XE's website, which is not recommended for production use, and Option 3 presents alternative Python libraries like forex-python and pyxrate for currency conversion.

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Ramkumar J
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42 views2 pages

Python Interface For Currency Conversion

The document outlines three options for obtaining exchange rate data for USD to INR. Option 1 discusses using XE's Official Currency Data API, which provides reliable data and requires signing up for access. Option 2 suggests web scraping from XE's website, which is not recommended for production use, and Option 3 presents alternative Python libraries like forex-python and pyxrate for currency conversion.

Uploaded by

Ramkumar J
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Option 1: Using XE’s Official Currency Data API

XE offers a Currency Data API that provides real-time, accurate, and reliable
exchange rate data for over 220 currencies, including USD to INR. This API is
integrated with more than 100 reputable global sources, ensuring high
accuracy and up-to-date rates. It also supports historical rates, monthly
averages, and currency volatility data.

To use this API, you'll need to sign up for a free trial or a paid plan on their
website. Once you have access, you can use the provided SDKs or make
HTTP requests to fetch the exchange rates.

For Python integration, XE provides SDKs and detailed documentation to help


you get started. You can find more information and sign up for access here:
XE.com

Option 2: Using Web Scraping (Not Recommended for Production)

If you prefer not to use XE’s API, you can scrape the exchange rate directly
from their website using Python. However, this method is not recommended
for production use due to potential legal and ethical concerns, as well as the
possibility of the website's structure changing, which could break your code.

Here's a basic example using requests and


BeautifulSoup:lifeofpentester.blogspot.com+1GitHub+1

python

CopyEdit

import requests

from bs4 import BeautifulSoup

def get_usd_inr():

url = "https://www.xe.com/currencyconverter/convert/?
Amount=1&From=USD&To=INR"

response = requests.get(url)

soup = BeautifulSoup(response.text, 'html.parser')

rate = soup.find('span', class_='uccResultAmount').text


return float(rate)

usd_inr = get_usd_inr()

print(f"1 USD = {usd_inr} INR")

Please note that web scraping should be done responsibly, adhering to the
website's terms of service.

Option 3: Using Alternative Python Libraries

If you prefer not to use XE's API, there are other Python libraries that provide
currency conversion services:

 forex-python: A free library that supports currency conversion and


historical rates. It uses Fixer.io as its data source.PyPI+1GitHub+1

python

CopyEdit

from forex_python.converter import CurrencyRates

cr = CurrencyRates()

rate = cr.get_rate('USD', 'INR')

print(f"1 USD = {rate} INR")

 pyxrate: A lightweight Python package for retrieving and using foreign


exchange rates. It leverages the Exchange API by Fawaz Ahmed.PyPI

python

CopyEdit

from currency_exchange import converter

currency_client = converter.CurrencyConverter()

rate = currency_client.get_exchange_rate('USD', 'INR')

print(f"1 USD = {rate} INR")

These libraries are easy to integrate and can be a good alternative if you
don't want to use XE's API.

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