26 best Python Foreign Exchange libraries in 2024

When trading in Forex, it is important to develop a trading bot that makes risk management easy - since Forex involves high-level financial market data.

Python is one of the most popular programming languages for Forex because it enables the API to be functionally separated to perform buying and selling operations. Python-based open-source software supports both backtesting and live trading operations to help the traders develop sound strategies for a Forex application. Python libraries also provide code for working with real-time currency exchange rates.

Below is a comprehensive list of the 26 best open-source python libraries for developing Forex algorithmic trading applications. If you are looking for a full-scale, event-driven library that transitions seamlessly from testing to live trading, then qsforex is for you. Yahoofinancials is a code package that enables you to pull data like indices, currencies, ETFs, etc. from Yahoo Finance.

If you intend to trade in cryptocurrencies, bitex enables you to do that by using API classes without employing interface classes. Forex-python is a library that shows exchange rates and cyptocurrency price index using ratesapi.io.

qsforex

• It helps the development and testing of trading algorithms. We intend it for the forex market.   
• It provides a framework for implementing various trading strategies.   
• It enables users to assess their performance based on historical market data.   

yahoofinancials  

• It focuses on fetching historical market data from Yahoo Finance.   
• It facilitates the retrieval of historical data for specific currency pairs. Users could get historical exchange rate information between different currency pairs.   
• It integrates historical foreign exchange data into various financial applications.   
• It allows developers to incorporate currency-related insights and analytics into their projects.

bitex 

• It provides a unified API for accessing various cryptocurrency exchanges. It exchanges its digital assets for traditional currencies.   
• It allows users to manage their cryptocurrency portfolios across different exchanges.   
• It facilitates the execution of trades across multiple platforms.   

forex-python

• It is a Python library that provides a way to fetch foreign exchange rates.   
• It performs currency conversion and accesses historical data.   
• It offers a simple and easy-to-use interface. It works with foreign exchange data. 

LSTM---Stock-prediction 

• LSTM models can forecast future exchange rates based on historical data and patterns.  
• It can process sequential data to identify patterns and trends in the forex market.  
• It captures the dependencies and relationships between different currency pairs over time.  
• It enables traders to make decisions on the buying and selling of currencies.  

Google-Search-API

• Developers can use the Google Search API to fetch real-time foreign exchange rates.  
• It enables them to integrate up-to-date currency exchange data into their applications.  
• It helps retrieve the market updates related to the foreign exchange market.  

money

• The "money" library in Python refers to a Python package.  
• It provides functionality for working with monetary values and currencies.  
• It facilitates seamless currency conversion between different currencies.  
• It converts the monetary values of currency based on the prevailing exchange rates.  

ratesapi

• It is an open-source foreign exchange rates API.   
• It provides real-time and historical foreign exchange rate data.   
• It offers a simple way for developers to access up-to-date foreign exchange rates.   

Forex-DQN

• It approximates a state-value function in a Q-Learning framework with a neural network.  
• Foreign exchange is a global market. It helps in the trading of currencies.   
• It is a learning agent that trains a critic. It helps estimate discounted expected cumulative reward.   

gym-fx

• Gym-FX is an open-source Python library and Pythonic API.  
• It provides a forex trading environment for developing and testing reinforcement learning agents.  
• It provides simulated training environments to train reinforcement learning agents.  
• It is an essential toolkit for training RL algorithms.  

currencyconverter

• It provides functionality for currency conversion and foreign exchange rate retrieval.  
• This library allows users to convert monetary values between different currencies.  
• It retrieves up-to-date exchange rate information.  
• Developers can perform various foreign exchange-related tasks efficiently within their Python applications.  

TradingGym

• "TradingGym" could provide a simulated trading environment.  
• It allows users to test and develop trading strategies for foreign exchange.  
• It enables traders and developers to experiment with different trading approaches.  
• It assesses their effectiveness in different market conditions.  

forex-rl-challenge

• It offers a collection of reinforcement learning algorithms for foreign exchange markets.  
• It helps optimize trading strategies and decision-making processes.  
• It integrates external data. It provides access to historical and real-time foreign exchange market data.  

Forex-and-Stock-Python-Pattern-Recognizer 

• It can recognize patterns inside Forex or stock data.  
• Foreign exchanges help identify recurring patterns in market data.   
• It can make informed trading decisions.   
• It helps analyze historical market data to detect patterns and trends.   
• It provides insights into potential future market movements.   

django-money-rates

• A little Django app that uses py-moneyed to add support for Money fields in your models and forms.   
• It supports for proper Money value handling (using the standard Money design pattern)   
• A currency class and definitions for all currencies in circulation   
• It helps format most currencies with the correct currency sign.   

Trading-Bot

• It is a software program that executes trades on behalf of traders in foreign exchange.  
• It follows pre-defined trading strategies and algorithms.  
• It can continuously watch the forex market and execute trades anytime.  

intrinio-realtime-python-sdk 

• It is a software development kit.   
• It allows developers to integrate real-time financial data into their Python applications.  
• It enables developers to access real-time foreign exchange data, including live currency exchanges.   
• It helps analyze real-time currency market data. It helps make decisions in the foreign exchange market. 

alfred3-workflow-CurrencyX

• It is a Python library in Security, Cryptography, and Ethereum applications.  
• It captures the dependencies and relationships between different currency pairs over time.  
• It enables them to integrate up-to-date currency exchange data into their applications.  

currency-exchange

• It is a Python library typically used in Automation BPM applications.  
• It provides functionality for currency conversion and foreign exchange rate retrieval.  
• This library allows users to convert monetary values between different currencies.  
• It retrieves up-to-date exchange rate information.  

django-exchange

• It helps in handling currency conversion and displaying foreign exchange rates.   
• It makes it easier to manipulate money throughout your application.   
• It provides a simple, flexible, and extensible way to work with currencies in Django.   

ImundboQuant

• It is an open-source project that uses machine learning in Python and MQL4.  
• It helps in stock market and forex market predictions and fully automated trading.  
• It is a powerful tool. It can improve users' investment performance.   
• It helps to make better investment decisions by providing information about the market.  

mexbtcapi

• It is a Python library typically used in Blockchain, Cryptocurrency, and Bitcoin applications.  
• It is a Multi-Exchange Bitcoin API. It provides consistent APIs of various cryptocurrency exchanges.  
• This API supports multi-currency and multi-exchange functions.  

jiji-with-tensorflow-example

• It is a Python library typically used in Artificial Intelligence and Tensorflow applications.  
• This library allows users to convert monetary values between different currencies.  
• It retrieves up-to-date exchange rate information.  
• It facilitates seamless currency conversion between different currencies.  

pyfx 

• It is a Python library typically used in Blockchain and cryptocurrency applications.  
• A way to integrate historical foreign exchange data into various financial applications.   
• It allows developers to incorporate currency-related insights and analytics into their projects.  

FinanceMarketDataGrabber

• It is a Python library typically used in Web Services, REST, and Panda's applications.  
• It helps access stock/forex quotes from Yahoo and Google Finance 'APIs'.  
• We can receive multiple stock quotes and multiple symbols in a single call.  
• It retrieves real-time and Historical data for foreign exchange.  

QuantConnect-Trading-Strategies

• It helps in Machine Learning and Deep Learning applications.  
• Use algorithmic trading strategies to identify trends and patterns to make trading decisions.  
• It includes risk management parameters to help minimize potential losses.  

FAQ:  

1. What is the Python library for currency?   

Forex-Python is a Python foreign exchange library. It provides a way to get a currency conversion rate through API calls. It takes the currency codes you want to convert from one currency to another. It returns the current value.   

2. What is foreign exchange data?   

The foreign exchange market is a global decentralized market. It helps in currency trading. It will help determine foreign exchange rates for every currency. It will include all aspects of buying and exchanging currencies at determined prices.   

3. What is the function of a currency converter in Python?   

Access up-to-date data directly from reliable sources. Automatically update the conversion rates without manual intervention. Ensure accuracy and reliability in conversions.   

4. What is fixer io?   

Fixer.io is a simple and easy API for current and historical foreign exchange rates. It offers real-time data on the exchange rates for world currencies.   

5. Is there a free exchange rate API?   

Yes, a 100% free solution for handling exchange rate conversions exists. Our currency API provides live and historical exchange rate data ranging.