Exchanging currency rates is an important aspect of international business, and Laravel provides an easy way to handle this functionality in your web application. In this tutorial, we will explore how to exchange currency rates in Laravel with an example.
Firstly, we need to install the Laravel Exchange Rates package, which provides a convenient wrapper around the Open Exchange Rates API. We can then use the package to get the latest exchange rates, convert currencies, and perform other related tasks.
Once the package is installed, we can use it in our Laravel application by creating a controller that will handle the exchange rate requests. We can then define the necessary routes in the routes/web.php file and create a simple form for the user to input the currency amount and select the source and target currencies.
In the controller, we will retrieve the latest exchange rates using the Laravel Exchange Rates package and then perform the conversion using the selected currencies and amount. Finally, we will return the converted amount back to the user.
By following this example, you can easily integrate currency exchange functionality into your Laravel application and provide a seamless experience for your users.