Currency Converter Implementation in Mobile App

NOVASOLUTIONS.TECHNOLOGY is engaged in the development, support and maintenance of iOS, Android, PWA mobile applications. We have extensive experience and expertise in publishing mobile applications in popular markets like Google Play, App Store, Amazon, AppGallery and others.
Development and support of all types of mobile applications:
Information and entertainment mobile applications
News apps, games, reference guides, online catalogs, weather apps, fitness and health apps, travel apps, educational apps, social networks and messengers, quizzes, blogs and podcasts, forums, aggregators
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Online stores, B2B apps, marketplaces, online exchanges, cashback services, exchanges, dropshipping platforms, loyalty programs, food and goods delivery, payment systems.
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CRM systems, ERP systems, project management, sales team tools, financial management, production management, logistics and delivery management, HR management, data monitoring systems
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Classified ads platforms, online schools, online cinemas, electronic service platforms, cashback platforms, video hosting, thematic portals, online booking and scheduling platforms, online trading platforms

These are just some of the types of mobile applications we work with, and each of them may have its own specific features and functionality, tailored to the specific needs and goals of the client.

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Currency Converter Implementation in Mobile App
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Implementing Currency Converter in Mobile Applications

A currency converter seems straightforward until you need to ensure exchange rates stay current, handle rounding correctly, and prevent UI crashes when users enter decimal values across different locales.

Exchange Rate Sources

Choosing an API depends on update frequency and currency coverage requirements:

API Free Plan Update Frequency Features
ExchangeRate-API 1500 requests/month Daily Simple REST, 170+ currencies
Open Exchange Rates 1000 requests/month Hourly Historical data
Fixer.io 100 requests/month Hourly EUR as base currency
CBR XML Free Daily Official rates for RUB
NBB Free Daily Official rates for BYN

For most applications, daily updates suffice. The Central Bank of Russia provides XML via https://www.cbr.ru/scripts/XML_daily.asp, parsed through XMLParser on iOS or XmlPullParser on Android.

Key Implementation Details

Caching. Store rates locally using Core Data or Room for offline functionality with the latest known values. Display a timestamp showing the last update so users understand data currency.

Arithmetic. Never use Float or Double for financial calculations. On iOS, use NSDecimalNumber or Decimal; on Android, use BigDecimal. Rounding differences in pennies become noticeable for large currency conversions.

Number Input. Users enter "1.5" or "1,5" depending on device locale. While NumberFormatter (iOS) and NumberFormat (Android) handle this, explicitly set locale and maximumFractionDigits. Without this, the decimal comma on German locale gets interpreted as a thousands separator.

Real-time Updates. When users enter amounts, recalculate on each character change using debounce(300ms) to avoid API spam during rapid input.

Timeline: 3-5 days including API integration, caching, and UI implementation.