Retrieve Eritrean Nakfa (ERN) Historical Prices using this API

Retrieve Eritrean Nakfa (ERN) Historical Prices using this API

The Eritrean Nakfa (ERN) is a currency that reflects the economic landscape of Eritrea, a nation that has undergone significant changes in recent years. As the world increasingly embraces digital transformation, the need for accurate and real-time financial data has never been more critical. This is where the Metals-API comes into play, providing developers with the tools necessary to access historical prices and exchange rates for various currencies, including the Nakfa. In this blog post, we will explore how to retrieve historical prices for the Eritrean Nakfa using the Metals-API, while also delving into the broader implications of technological advancements in the financial sector.

About Eritrean Nakfa (ERN)

The Eritrean Nakfa is the official currency of Eritrea, introduced in 1997 to replace the Ethiopian Birr. As a currency, the Nakfa is not just a medium of exchange; it represents the economic stability and growth potential of Eritrea. The digital transformation in metal markets has made it easier for investors and developers to access real-time data, analyze trends, and make informed decisions. The integration of smart technology and data analytics has revolutionized how we perceive and interact with financial markets.

Technological innovation has paved the way for advanced data analytics, allowing users to gain insights into market trends and fluctuations. The Metals-API is at the forefront of this transformation, offering a robust platform for accessing historical and real-time data. By leveraging this API, developers can create applications that provide valuable insights into the performance of the Nakfa against various metals and currencies.

API Description

The Metals-API is a powerful tool that provides developers with access to real-time and historical data on metal prices and currency exchange rates. The API is designed to empower developers to build next-generation applications that require accurate and timely financial data. With its user-friendly interface and comprehensive documentation, the Metals-API simplifies the process of integrating financial data into applications.

One of the key features of the Metals-API is its ability to deliver real-time exchange rate data updated at intervals depending on the subscription plan. This means that developers can access the latest rates for various metals, including Gold (XAU), Silver (XAG), Platinum (XPT), and Palladium (XPD), as well as the Eritrean Nakfa. The API also provides historical rates dating back to 2019, allowing users to analyze trends over time.

Key Features and Endpoints

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

Latest Rates Endpoint

The Latest Rates Endpoint provides real-time exchange rate data for various metals. Depending on your subscription plan, this endpoint can return data updated every 60 minutes or even every 10 minutes. This feature is crucial for developers who need to ensure that their applications reflect the most current market conditions.

{
"success": true,
"timestamp": 1771373893,
"base": "USD",
"date": "2026-02-18",
"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

The Historical Rates Endpoint allows users to access historical exchange rates for any date since 1999. This feature is particularly useful for analyzing trends over time and understanding how the Nakfa has performed against other currencies and metals.

{
"success": true,
"timestamp": 1771287493,
"base": "USD",
"date": "2026-02-17",
"rates": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915,
"XPD": 0.000748
},
"unit": "per troy ounce"
}

Bid And Ask Endpoint

The Bid and Ask Endpoint is a powerful feature that enables developers to retrieve real-time bid and ask prices for metals. This information is essential for traders who need to make quick decisions based on market conditions.

{
"success": true,
"timestamp": 1771373893,
"base": "USD",
"date": "2026-02-18",
"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"
}

Convert Endpoint

The Convert Endpoint allows users to convert any amount from one currency to another, including conversions to and from USD. This feature is particularly useful for applications that require currency conversion functionalities.

{
"success": true,
"query": {
"from": "USD",
"to": "XAU",
"amount": 1000
},
"info": {
"timestamp": 1771373893,
"rate": 0.000482
},
"result": 0.482,
"unit": "troy ounces"
}

Time-Series Endpoint

The Time-Series Endpoint allows users to query the API for daily historical rates between two dates of their choice. This feature is invaluable for analyzing trends and fluctuations over specific periods.

{
"success": true,
"timeseries": true,
"start_date": "2026-02-11",
"end_date": "2026-02-18",
"base": "USD",
"rates": {
"2026-02-11": {
"XAU": 0.000485,
"XAG": 0.03825,
"XPT": 0.000915
},
"2026-02-13": {
"XAU": 0.000483,
"XAG": 0.0382,
"XPT": 0.000913
},
"2026-02-18": {
"XAU": 0.000482,
"XAG": 0.03815,
"XPT": 0.000912
}
},
"unit": "per troy ounce"
}

Fluctuation Endpoint

The Fluctuation Endpoint provides information about how currencies fluctuate on a day-to-day basis. This feature is essential for understanding market volatility and making informed trading decisions.

{
"success": true,
"fluctuation": true,
"start_date": "2026-02-11",
"end_date": "2026-02-18",
"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"
}

Open/High/Low/Close (OHLC) Price Endpoint

The OHLC Price Endpoint allows users to query the API to get the open, high, low, and close prices for a specific time period. This data is crucial for traders who rely on technical analysis to make informed decisions.

{
"success": true,
"timestamp": 1771373893,
"base": "USD",
"date": "2026-02-18",
"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"
}

Historical LME Endpoint

The Historical LME Endpoint provides access to historical rates for LME symbols dating back to 2008. This endpoint is particularly useful for those interested in the London Metal Exchange prices.

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 Metals-API Supported Symbols page. This resource is invaluable for developers looking to integrate specific metal data into their applications.

Conclusion

In conclusion, the Eritrean Nakfa (ERN) represents more than just a currency; it embodies the economic potential of Eritrea in a rapidly evolving digital landscape. The Metals-API provides a robust platform for accessing historical prices and real-time data, empowering developers to create innovative applications that leverage this information. By utilizing the various endpoints offered by the Metals-API, developers can gain insights into market trends, analyze fluctuations, and make informed decisions based on accurate data.

As we move forward into an era defined by technological innovation and data analytics, the importance of reliable financial data cannot be overstated. The Metals-API stands as a testament to the transformative potential of real-time metals data, enabling developers to build applications that not only meet current market demands but also anticipate future trends. For more information, visit the Metals-API Website and explore the Metals-API Documentation for detailed guidance on implementation and usage.