Get Accurate Magnesium (MG) Prices in Multiple Currencies with this API for Your Financial Applications

Metals-API provides developers with a powerful tool to retrieve precise Magnesium (MG) prices in various currencies, enabling the creation of innovative financial applications. This blog post will explore how Metals-API empowers developers through its advanced features, technological innovations, and the transformative potential of real-time metals data.

About Magnesium (MG)

API Description

Key Features and Endpoints

Latest Rates Endpoint: This endpoint returns real-time exchange rate data for magnesium and other metals. Developers can easily access the latest prices in their desired currency.
Historical Rates Endpoint: Users can query historical rates by appending a specific date to the API request. This feature allows businesses to analyze past trends and make data-driven decisions.
Bid And Ask Endpoint: This powerful feature enables developers to retrieve real-time bid and ask prices for magnesium, providing insights into market liquidity and pricing strategies.
Convert Endpoint: The Metals-API includes a currency conversion endpoint, allowing users to convert amounts from one currency to another seamlessly. This is particularly useful for businesses operating in multiple markets.
Time-Series Endpoint: Developers can query the API for daily historical rates between two specified dates, enabling comprehensive analysis of price movements over time.
Fluctuation Endpoint: This endpoint provides information about how magnesium prices fluctuate on a day-to-day basis, helping businesses understand volatility and market trends.
Lowest/Highest Price Endpoint: Users can query the API to get the lowest and highest prices for magnesium over a specified period, aiding in market analysis and strategy development.
Open/High/Low/Close (OHLC) Price Endpoint: This feature allows developers to retrieve OHLC data for magnesium, which is essential for technical analysis and trading strategies.
API Key: Each user is assigned a unique API key, which is required for accessing the API. This ensures secure and authorized access to the data.
API Response: The Metals-API delivers exchange rates relative to USD by default, providing a consistent reference point for users.
Supported Symbols Endpoint: This endpoint returns all available currencies and metal symbols, allowing developers to easily identify the data they need.
News Endpoint: Users can retrieve the latest news articles related to magnesium and other metals, keeping them informed about market developments.

API Endpoint Examples and Responses

Latest Rates Endpoint

{
    "success": true,
    "timestamp": 1754960499,
    "base": "USD",
    "date": "2025-08-12",
    "rates": {
        "XMG": 0.000482
    },
    "unit": "per troy ounce"
}

Historical Rates Endpoint

{
    "success": true,
    "timestamp": 1754874099,
    "base": "USD",
    "date": "2025-08-11",
    "rates": {
        "XMG": 0.000485
    },
    "unit": "per troy ounce"
}

Time-series Endpoint

{
    "success": true,
    "timeseries": true,
    "start_date": "2025-08-05",
    "end_date": "2025-08-12",
    "base": "USD",
    "rates": {
        "2025-08-05": {
            "XMG": 0.000485
        },
        "2025-08-12": {
            "XMG": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Convert Endpoint

{
    "success": true,
    "query": {
        "from": "USD",
        "to": "XMG",
        "amount": 1000
    },
    "info": {
        "timestamp": 1754960499,
        "rate": 0.000482
    },
    "result": 0.482,
    "unit": "troy ounces"
}

Fluctuation Endpoint

{
    "success": true,
    "fluctuation": true,
    "start_date": "2025-08-05",
    "end_date": "2025-08-12",
    "base": "USD",
    "rates": {
        "XMG": {
            "start_rate": 0.000485,
            "end_rate": 0.000482,
            "change": -3.0e-6,
            "change_pct": -0.62
        }
    },
    "unit": "per troy ounce"
}

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

{
    "success": true,
    "timestamp": 1754960499,
    "base": "USD",
    "date": "2025-08-12",
    "rates": {
        "XMG": {
            "open": 0.000485,
            "high": 0.000487,
            "low": 0.000481,
            "close": 0.000482
        }
    },
    "unit": "per troy ounce"
}

Bid/Ask Endpoint

{
    "success": true,
    "timestamp": 1754960499,
    "base": "USD",
    "date": "2025-08-12",
    "rates": {
        "XMG": {
            "bid": 0.000481,
            "ask": 0.000483,
            "spread": 2.0e-6
        }
    },
    "unit": "per troy ounce"
}

Practical Use Cases and Integration Strategies

Financial Applications: Developers can create applications that provide real-time magnesium pricing for traders and investors, enabling them to make informed decisions based on current market conditions.
Market Analysis Tools: Businesses can leverage historical data to build analytical tools that help users understand price trends and forecast future movements.
Inventory Management: Companies in manufacturing can integrate the API to monitor magnesium prices, optimizing their purchasing strategies based on real-time data.
Currency Conversion: The conversion endpoint allows businesses to easily convert magnesium prices into different currencies, facilitating international trade.

Conclusion

Metals-API Documentation for detailed guidance on implementation and usage. To explore the full range of supported symbols, check out the Metals-API Supported Symbols. Start leveraging the power of real-time metals data today by visiting the Metals-API Website.

Ready to use Metals-API?

Try it now!

Get Accurate Magnesium (MG) Prices in Multiple Currencies with this API for Your Financial Applications