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FAQs
What is ETL?
ETL, an acronym for Extract, Transform, Load, is a vital data integration process. It involves extracting data from diverse sources, transforming it into a usable format, and loading it into a database, data warehouse or data lake. This process enables meaningful data analysis, enhancing business intelligence.
Used by tens of thousands of developers, Exchange Rates API provides accurate and reliable currency data instantly through its free, simple-to-use API interface. With more than 10 years of exceptional API uptime and support, developers trust Exchange Rates API to provide fast and accurate conversion rates for 160 different currencies as well as essential stock market data in JSON format. They have worked hard to achieve their mission of building a remarkably hardware efficient and reliable currency converter API.
Exchange Rates API provides access to various types of data related to currency exchange rates. The API offers real-time and historical exchange rates for over 170 currencies, including cryptocurrencies. The following are the categories of data that the Exchange Rates API provides:
• Real-time exchange rates: The API provides real-time exchange rates for various currencies, which are updated every minute.
• Historical exchange rates: The API offers historical exchange rates for up to 10 years, allowing users to analyze trends and patterns in currency exchange rates.
• Currency conversion: The API allows users to convert one currency to another using the latest exchange rates.
• Time-series data: The API provides time-series data for exchange rates, allowing users to track changes in exchange rates over time.
• Currency metadata: The API provides metadata for various currencies, including their names, symbols, and ISO codes.
• Cryptocurrency data: The API provides real-time exchange rates for various cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
Overall, the Exchange Rates API provides a comprehensive set of data related to currency exchange rates, making it a valuable resource for businesses and individuals who need to track currency exchange rates.
What is ELT?
ELT, standing for Extract, Load, Transform, is a modern take on the traditional ETL data integration process. In ELT, data is first extracted from various sources, loaded directly into a data warehouse, and then transformed. This approach enhances data processing speed, analytical flexibility and autonomy.
Difference between ETL and ELT?
ETL and ELT are critical data integration strategies with key differences. ETL (Extract, Transform, Load) transforms data before loading, ideal for structured data. In contrast, ELT (Extract, Load, Transform) loads data before transformation, perfect for processing large, diverse data sets in modern data warehouses. ELT is becoming the new standard as it offers a lot more flexibility and autonomy to data analysts.
Used by tens of thousands of developers, Exchange Rates API provides accurate and reliable currency data instantly through its free, simple-to-use API interface. With more than 10 years of exceptional API uptime and support, developers trust Exchange Rates API to provide fast and accurate conversion rates for 160 different currencies as well as essential stock market data in JSON format. They have worked hard to achieve their mission of building a remarkably hardware efficient and reliable currency converter API.
MongoDB is a database that powers crucial applications and systems for global businesses. Designed for developers and specializing in the areas of open source, software development, and databases, it offers functionality such as horizontal scaling, automatic failover, and the capability to assign data to a location.
1. Go to the Airbyte dashboard and click on "Sources" on the left-hand side of the screen.
2. Click on the "Create a new source" button and select "Exchange Rates API" from the list of available connectors.
3. Enter a name for your source and click on "Next".
4. Enter your Exchange Rates API access key in the "API Key" field.
5. Select the base currency you want to use for your exchange rates in the "Base Currency" field.
6. Choose the frequency at which you want to update your exchange rates in the "Sync Frequency" field.
7. Click on "Test" to ensure that your credentials are correct and that the connection is successful.
8. If the test is successful, click on "Create" to save your source and start syncing your exchange rates data.
Note: You can also customize your source settings by selecting the tables you want to sync, setting up incremental sync, and adding filters to your data.
With Airbyte, creating data pipelines take minutes, and the data integration possibilities are endless. Airbyte supports the largest catalog of API tools, databases, and files, among other sources. Airbyte's connectors are open-source, so you can add any custom objects to the connector, or even build a new connector from scratch without any local dev environment or any data engineer within 10 minutes with the no-code connector builder.
We look forward to seeing you make use of it! We invite you to join the conversation on our community Slack Channel, or sign up for our newsletter. You should also check out other Airbyte tutorials, and Airbyte’s content hub!
What should you do next?
Hope you enjoyed the reading. Here are the 3 ways we can help you in your data journey:
What should you do next?
Hope you enjoyed the reading. Here are the 3 ways we can help you in your data journey:
Ready to get started?
Frequently Asked Questions
Exchange Rates API provides access to various types of data related to currency exchange rates. The API offers real-time and historical exchange rates for over 170 currencies, including cryptocurrencies. The following are the categories of data that the Exchange Rates API provides:
• Real-time exchange rates: The API provides real-time exchange rates for various currencies, which are updated every minute.
• Historical exchange rates: The API offers historical exchange rates for up to 10 years, allowing users to analyze trends and patterns in currency exchange rates.
• Currency conversion: The API allows users to convert one currency to another using the latest exchange rates.
• Time-series data: The API provides time-series data for exchange rates, allowing users to track changes in exchange rates over time.
• Currency metadata: The API provides metadata for various currencies, including their names, symbols, and ISO codes.
• Cryptocurrency data: The API provides real-time exchange rates for various cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
Overall, the Exchange Rates API provides a comprehensive set of data related to currency exchange rates, making it a valuable resource for businesses and individuals who need to track currency exchange rates.
What should you do next?
Hope you enjoyed the reading. Here are the 3 ways we can help you in your data journey: