Retrieve Nigerian Naira (NGN) Historical Prices for Data Science Projects using this API

In the realm of data science, the ability to access historical financial data is crucial for analysis, modeling, and forecasting. For developers working with currency data, retrieving historical prices of the Nigerian Naira (NGN) can be particularly valuable. The Metals-API offers a robust solution for accessing real-time and historical prices of various metals and currencies, including the NGN. This blog post will explore how to effectively utilize the Metals-API to retrieve historical prices, focusing on its features, endpoints, and practical applications.

About Nickel (NI)

Nickel is a critical metal in the global market, known for its applications in stainless steel production and battery technology. As industries evolve, the digital transformation in metal markets has become increasingly significant. Technological innovations have led to advancements in data analytics, providing insights that were previously unattainable. The integration of smart technologies into metal trading has opened new avenues for developers and analysts alike.

As we delve into the capabilities of the Metals-API, it is essential to recognize how it empowers developers to build next-generation applications. By leveraging real-time metals data, developers can create tools that facilitate informed decision-making, optimize trading strategies, and enhance market analysis.

API Description

The Metals-API is designed to provide developers with access to real-time and historical data for various metals and currencies. Its innovative architecture allows for seamless integration into applications, enabling users to retrieve essential data with ease. The API supports a wide range of functionalities, from fetching the latest exchange rates to accessing historical data dating back to 2019.

For comprehensive documentation on how to use the API, developers can refer to the Metals-API Documentation. This resource outlines the various endpoints available, including the symbols list, which can be found at the Metals-API Supported Symbols page.

Key Features and Endpoints

The Metals-API offers a variety of endpoints that cater to different data retrieval needs. Here are some of the key features:

Latest Rates Endpoint: This endpoint provides real-time exchange rate data for metals and currencies. Depending on your subscription plan, updates can occur every 60 minutes or even more frequently. This feature is particularly useful for applications that require up-to-the-minute pricing information.
Historical Rates Endpoint: Developers can access historical rates for most currencies, including the NGN, dating back to 2019. By appending a specific date in the format YYYY-MM-DD, users can retrieve historical data for analysis and modeling.
Bid And Ask Endpoint: This powerful feature allows users to retrieve real-time bid and ask prices for metals. Understanding the spread between these prices is essential for traders and analysts looking to make informed decisions.
Convert Endpoint: The Metals-API includes a currency conversion endpoint, enabling users to convert amounts from one currency to another. This feature is particularly useful for applications that require multi-currency support.
Time-Series Endpoint: Users can query the API for daily historical rates between two specified dates. This endpoint is ideal for trend analysis and forecasting.
Fluctuation Endpoint: This endpoint provides insights into how currencies fluctuate on a day-to-day basis. By tracking these fluctuations, developers can gain a better understanding of market dynamics.
Carat Endpoint: Users can retrieve information about gold rates by carat, which is essential for applications focused on jewelry and precious metals.
Lowest/Highest Price Endpoint: This feature allows users to query the API to get the lowest and highest prices for a specified date, providing valuable insights into market volatility.
Open/High/Low/Close (OHLC) Price Endpoint: This endpoint provides open, high, low, and close prices for a specific date, which is crucial for technical analysis.
Historical LME Endpoint: Access historical rates for LME symbols dating back to 2008, enabling users to analyze long-term trends in the metals market.
API Key: Each user is assigned a unique API key that must be included in the API requests to authenticate access.
API Response: The Metals-API delivers exchange rates relative to USD by default, ensuring consistency in data presentation.
Available Endpoints: The API includes 14 endpoints, each providing distinct functionalities tailored to various user needs.
Supported Symbols Endpoint: This endpoint returns a constantly updated list of all available currencies and metals, ensuring users have access to the latest data.

List of Symbols

The Metals-API provides access to a comprehensive range of metal symbols. For a complete list of all supported symbols and their specifications, refer to the Symbols page. This resource is invaluable for developers looking to integrate specific metals into their applications.

API Endpoint Examples and Responses

Understanding how to interpret API responses is crucial for effective data utilization. Below are examples of various endpoints and their corresponding JSON responses:

Latest Rates Endpoint

Get real-time exchange rates for all available metals.

{
"success": true,
"timestamp": 1783124208,
"base": "USD",
"date": "2026-07-04",
"rates": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912,
"XPD": 0.000744,
"XCU": 0.294118,
"XAL": 0.434783,
"XNI": 0.142857,
"XZN": 0.344828
},
"unit": "per troy ounce"
}

Historical Rates Endpoint

Access historical exchange rates for any date since 1999.

{
"success": true,
"timestamp": 1783037808,
"base": "USD",
"date": "2026-07-03",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}

Time-series Endpoint

Get exchange rates for a specific time period.

{
"success": true,
"timeseries": true,
"start_date": "2026-06-27",
"end_date": "2026-07-04",
"base": "USD",
"rates": {
"2026-06-27": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2026-06-29": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2026-07-04": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}

Convert Endpoint

Convert any amount from one metal to another or to/from USD.

{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1783124208,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

Fluctuation Endpoint

Track rate fluctuations between two dates.

{
"success": true,
"fluctuation": true,
"start_date": "2026-06-27",
"end_date": "2026-07-04",
"base": "USD",
"rates": {
"XAU": {
"start_rate": 0.000485,
"end_rate": 0.000482,
"change": -3.0e-6,
"change_pct": -0.62
},
"XAG": {
"start_rate": 0.03825,
"end_rate": 0.03815,
"change": -0.0001,
"change_pct": -0.26
},
"XPT": {
"start_rate": 0.000915,
"end_rate": 0.000912,
"change": -3.0e-6,
"change_pct": -0.33
}
},
"unit": "per troy ounce"
}

OHLC (Open/High/Low/Close) Endpoint

Get OHLC data for a specific time period.

{
"success": true,
"timestamp": 1783124208,
"base": "USD",
"date": "2026-07-04",
"rates": {
"XAU": {
"open": 0.000485,
"high": 0.000487,
"low": 0.000481,
"close": 0.000482
},
"XAG": {
"open": 0.03825,
"high": 0.0383,
"low": 0.0381,
"close": 0.03815
},
"XPT": {
"open": 0.000915,
"high": 0.000918,
"low": 0.00091,
"close": 0.000912
}
},
"unit": "per troy ounce"
}

Bid/Ask Endpoint

Get current bid and ask prices for metals.

{
"success": true,
"timestamp": 1783124208,
"base": "USD",
"date": "2026-07-04",
"rates": {
"XAU": {
"bid": 0.000481,
"ask": 0.000483,
"spread": 2.0e-6
},
"XAG": {
"bid": 0.0381,
"ask": 0.0382,
"spread": 0.0001
},
"XPT": {
"bid": 0.000911,
"ask": 0.000913,
"spread": 2.0e-6
}
},
"unit": "per troy ounce"
}

Conclusion

In conclusion, the Metals-API provides a powerful tool for developers seeking to retrieve historical prices of the Nigerian Naira (NGN) and other currencies. With its extensive range of endpoints, including the latest rates, historical rates, and fluctuation tracking, the API empowers users to perform in-depth analyses and build sophisticated applications. By leveraging the capabilities of the Metals-API, developers can gain valuable insights into market trends and make informed decisions based on real-time data.

For more information on how to implement these features, refer to the Metals-API Documentation. Additionally, explore the Symbols List to familiarize yourself with the available currencies and metals. The Metals-API Website serves as a valuable resource for ongoing updates and enhancements to the API.

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Retrieve Nigerian Naira (NGN) Historical Prices for Data Science Projects using this API