How to load data from Exchange Rates Api to Snowflake destination

Learn how to use Airbyte to synchronize your Exchange Rates Api data into Snowflake destination within minutes.

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Set up a Exchange Rates Api connector in Airbyte

Connect to Exchange Rates Api or one of 400+ pre-built or 10,000+ custom connectors through simple account authentication.

Set up Snowflake destination for your extracted Exchange Rates Api data

Select Snowflake destination where you want to import data from your Exchange Rates Api source to. You can also choose other cloud data warehouses, databases, data lakes, vector databases, or any other supported Airbyte destinations.

Configure the Exchange Rates Api to Snowflake destination in Airbyte

This includes selecting the data you want to extract - streams and columns -, the sync frequency, where in the destination you want that data to be loaded.

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TL;DR

set up Exchange Rates Api as a source connector (using Auth, or usually an API key)
set up Snowflake destination as a destination connector
define which data you want to transfer and how frequently

You can choose to self-host the pipeline using Airbyte Open Source or have it managed for you with Airbyte Cloud.

This tutorial’s purpose is to show you how.

What is Exchange Rates Api

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.

What is Snowflake destination

A cloud data platform, Snowflake Data Cloud provides a warehouse-as-a-service built specifically for the cloud. The Snowflake platform is designed to empower many types of data workloads, and offers secure, immediate, governed access to a comprehensive network of data. Snowflake’s innovative technology goes above the capabilities of the ordinary database, supplying users all the functionality of database storage, query processing, and cloud services in one package.

Integrate Exchange Rates Api with Snowflake destination in minutes

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Prerequisites

A Exchange Rates Api account to transfer your customer data automatically from.
A Snowflake destination account.
An active Airbyte Cloud account, or you can also choose to use Airbyte Open Source locally. You can follow the instructions to set up Airbyte on your system using docker-compose.

Airbyte is an open-source data integration platform that consolidates and streamlines the process of extracting and loading data from multiple data sources to data warehouses. It offers pre-built connectors, including Exchange Rates Api and Snowflake destination, for seamless data migration.

When using Airbyte to move data from Exchange Rates Api to Snowflake destination, it extracts data from Exchange Rates Api using the source connector, converts it into a format Snowflake destination can ingest using the provided schema, and then loads it into Snowflake destination via the destination connector. This allows businesses to leverage their Exchange Rates Api data for advanced analytics and insights within Snowflake destination, simplifying the ETL process and saving significant time and resources.

Step 1: Set up Exchange Rates Api as a source connector

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.

Step 2: Set up Snowflake destination as a destination connector

1. First, navigate to the Airbyte website and log in to your account.

2. Once you are logged in, click on the "Destinations" tab on the left-hand side of the screen.

3. Scroll down until you find the Snowflake Data Cloud destination connector and click on it.

4. You will be prompted to enter your Snowflake account information, including your account name, username, and password.

5. After entering your account information, click on the "Test" button to ensure that the connection is successful.

6. If the test is successful, click on the "Save" button to save your Snowflake Data Cloud destination connector settings.

7. You can now use the Snowflake Data Cloud destination connector to transfer data from your Airbyte sources to your Snowflake account.

8. To set up a data transfer, navigate to the "Sources" tab on the left-hand side of the screen and select the source you want to transfer data from.

9. Click on the "Create New Connection" button and select the Snowflake Data Cloud destination connector as your destination.

10. Follow the prompts to set up your data transfer, including selecting the tables or data sources you want to transfer and setting up any necessary transformations or mappings.

11. Once you have set up your data transfer, click on the "Run" button to start the transfer process.

Step 3: Set up a connection to sync your Exchange Rates Api data to Snowflake destination

Once you've successfully connected Exchange Rates Api as a data source and Snowflake destination as a destination in Airbyte, you can set up a data pipeline between them with the following steps:

Create a new connection: On the Airbyte dashboard, navigate to the 'Connections' tab and click the '+ New Connection' button.
Choose your source: Select Exchange Rates Api from the dropdown list of your configured sources.
Select your destination: Choose Snowflake destination from the dropdown list of your configured destinations.
Configure your sync: Define the frequency of your data syncs based on your business needs. Airbyte allows both manual and automatic scheduling for your data refreshes.
Select the data to sync: Choose the specific Exchange Rates Api objects you want to import data from towards Snowflake destination. You can sync all data or select specific tables and fields.
Select the sync mode for your streams: Choose between full refreshes or incremental syncs (with deduplication if you want), and this for all streams or at the stream level. Incremental is only available for streams that have a primary cursor.
Test your connection: Click the 'Test Connection' button to make sure that your setup works. If the connection test is successful, save your configuration.
Start the sync: If the test passes, click 'Set Up Connection'. Airbyte will start moving data from Exchange Rates Api to Snowflake destination according to your settings.

Remember, Airbyte keeps your data in sync at the frequency you determine, ensuring your Snowflake destination data warehouse is always up-to-date with your Exchange Rates Api data.

Use Cases to transfer your Exchange Rates Api data to Snowflake destination

Integrating data from Exchange Rates Api to Snowflake destination provides several benefits. Here are a few use cases:

Advanced Analytics: Snowflake destination’s powerful data processing capabilities enable you to perform complex queries and data analysis on your Exchange Rates Api data, extracting insights that wouldn't be possible within Exchange Rates Api alone.
Data Consolidation: If you're using multiple other sources along with Exchange Rates Api, syncing to Snowflake destination allows you to centralize your data for a holistic view of your operations, and to set up a change data capture process so you never have any discrepancies in your data again.
Historical Data Analysis: Exchange Rates Api has limits on historical data. Syncing data to Snowflake destination allows for long-term data retention and analysis of historical trends over time.
Data Security and Compliance: Snowflake destination provides robust data security features. Syncing Exchange Rates Api data to Snowflake destination ensures your data is secured and allows for advanced data governance and compliance management.
Scalability: Snowflake destination can handle large volumes of data without affecting performance, providing an ideal solution for growing businesses with expanding Exchange Rates Api data.
Data Science and Machine Learning: By having Exchange Rates Api data in Snowflake destination, you can apply machine learning models to your data for predictive analytics, customer segmentation, and more.
Reporting and Visualization: While Exchange Rates Api provides reporting tools, data visualization tools like Tableau, PowerBI, Looker (Google Data Studio) can connect to Snowflake destination, providing more advanced business intelligence options. If you have a Exchange Rates Api table that needs to be converted to a Snowflake destination table, Airbyte can do that automatically.

Wrapping Up

To summarize, this tutorial has shown you how to:

Configure a Exchange Rates Api account as an Airbyte data source connector.
Configure Snowflake destination as a data destination connector.
Create an Airbyte data pipeline that will automatically be moving data directly from Exchange Rates Api to Snowflake destination after you set a schedule

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!

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