Dowell Purchase Price Parity API​

Navigate pricing complexities effortlessly with Dowell’s API

Dowell Purchase Price Parity API

Dowell
Purchase Price Parity API​

Welcome to the Dowell Purchase Price Parity API (PPP)! Our API service aims to simplify access to data related to Purchasing Power Parity (PPP). Whether you’re a developer, researcher, or economist, our user-friendly API provides valuable insights into international trade and currency valuation.

Purchasing Power Parity (PPP) is an economic theory that helps compare the relative value of currencies. It does this by evaluating the cost of a standardized basket of goods and services across different countries.

Let’s dive into what you can achieve with our API.

Key Features

Dowell Purchase Price Parity API

Comprehensive Data Access

Gain access to a vast repository of purchasing power parity data covering various countries and regions, ensuring you have the information you need for accurate analysis and decision-making.

Dowell Purchase Price Parity API

Real-time Updates

Stay up-to-date with the latest economic trends and currency valuations with our API's real-time data updates, allowing you to make informed decisions based on the most current information available.

Dowell Purchase Price Parity API

Flexible Integration

Seamlessly integrate our API into your existing applications, research projects, or economic models with ease, thanks to its developer-friendly design and robust documentation.

data-analysis

Advanced Analysis Tools

Leverage advanced analytical tools and algorithms built into our API to perform in-depth analysis, forecast currency movements, and identify potential trade opportunities, empowering you to navigate international trade dynamics with confidence.

What Does the API Offer?

Our API offers convenient programmatic access to a range of PPP-related information, including:

  • Exchange rates
  • Price levels
  • Economic indicators

Who Can Benefit from Using the API?

Using our API, developers, researchers, and economists can:

  • Retrieve PPP data for various currencies
  • Analyze trends in international trade and currency valuation
  • Gain insights into global economic conditions

How Can You Use the Data?

The data provided by our API can be incredibly valuable for:

  • Making informed decisions in international business
  • Formulating trade agreements
  • Financial modeling
  • Conducting economic research
Dowell Purchase Price Parity API

Postman Documentation

For detailed API documentation, including endpoint descriptions, request and response examples, and authentication details, please refer to the API documentation

Dowell Purchase Price Parity API​ Demonstrative Scenarios

In the following scenarios, Dowell will furnish comprehensive instructions on obtaining the Service key and guide you through the steps to use the API. You’ll find examples in various formats such as Python, PHP, React, Flutter, and WordPress in the tabs below. Feel free to explore the examples in each tab for practical insights.

Dowell Purchase Price Parity API​ Use Cases

Unlock the secrets of global economics with Dowell’s PPP API! Discover how businesses optimize pricing, investors navigate currency fluctuations, and policymakers shape economic policies for a fairer world. Join us on a journey of discovery, where data transforms into insights that drive international decision-making. Watch now!

Frequently Asked Questions (FAQs) about Dowell Purchase Price Parity API​

The required parameters for a request include the base currency, base price, base country, target country, and target currency. These parameters are essential for comparing the purchasing power parity between two countries.

You can set your API key as part of the URL parameter by replacing <api_key> with your actual API key in the URL format provided in the documentation: https://100088.pythonanywhere.com/api/v1/ppp/public/<api_key>.

The “base country” represents the country associated with the base currency, while the “target country” is the country being compared against the base country in terms of Purchasing Power Parity (PPP). These parameters help in evaluating the relative price levels between two countries.

The accuracy of the data provided by the API depends on various factors, including the sources of data and the methodologies used for calculations. Dowell strives to provide reliable and up-to-date information, but users should also consider conducting their own research and verification when making important decisions based on the API data.

The frequency of PPP data updates may vary, but Dowell aims to update the data regularly to ensure its relevance and accuracy. Users can refer to the API documentation or contact support for information on data update schedules.

If you encounter any issues, have questions, or need assistance with Dowell PPP API, you can contact the support team for prompt assistance. Contact us at Dowell@dowellresearch.uk 

Yes, the Dowell API can be used for various purposes, including commercial applications, as long as you comply with the terms of service and any applicable usage restrictions.

You can integrate the API into your application or website by making HTTP requests to the provided endpoints and handling the JSON responses accordingly. Detailed instructions and code examples are available in the API documentation.

Dowell may impose limitations or rate limits on API usage to ensure fair access for all users and maintain system stability. Users should review the API documentation and terms of service for any relevant limitations or restrictions.

Dowell UX Living Lab offers a wide range of APIs to enhance user experience and streamline various processes. To explore the full list of APIs available, including Dowell Email, Dowell Newsletter, Samanta Content Evaluator, and many more.

For more details and to explore the complete list of APIs provided by Dowell UX Living Lab, please visit our documentation page.

How To Get The API Key

Activate Dowell Purchase Price Parity Api

Python Example

To utilize the Dowell Purchase Price Parity API (PPP) in Python, follow these simple steps:

  • Step 1: Import the requests library, which helps in sending HTTP requests.
  • Step 2: Obtain your API key from Dowell and replace api_key with your actual key.
  • Step 3: Construct the API request URL using the provided endpoint.
  • Step 4: Prepare your data in a dictionary format, specifying parameters such as base currency, base price, base country, target country, and target currency.
  • Step 5: Send a POST request to the API endpoint with the data in JSON format using the requests.post() method.
  • Step 6: Print the response in JSON format to view the results.

Here’s the explanation of the code:

				
					import requests  # Import the requests library for making HTTP requests

api_key = 'your_api_key_here'  # Replace 'your_api_key_here' with your actual API key
url = f'https://100088.pythonanywhere.com/api/v1/ppp/public/{api_key}'  # Construct the API request URL

data = {  # Prepare the data in dictionary format
    "base_currency": "United States dollar",
    "base_price": "100",
    "base_country": "Germany",
    "target_country": "United States",
    "target_currency": "British pound"
}

response = requests.post(url, json=data)  # Send a POST request to the API endpoint with the data
print(response.json())  # Print the response in JSON format to view the results

				
			

Output Explanation:

  • The requests.post() method sends a POST request to the API endpoint specified by the url.
  • The json=data parameter sends the data in JSON format with the request.
  • The API processes the request and returns a response, which is printed using response.json() to view the results in a readable JSON format.
				
					{
  "success": true,
  "message": "Expected values",
  "price_in_base_country": "93.92401353 EUR",
  "base_country": "Germany",
  "target_country": "United States",
  "target_price": "128.6630322328767 USD",
  "calculated_price_base_on_ppp": "105.13958420267339 GBP"
}

				
			

PHP Example

Here’s the PHP example for utilizing the Dowell Purchase Price Parity API (PPP).

  1. Obtain Your API Key:

    • Get your API key from Dowell and replace YOUR_API_KEY with your actual key in the code.
  2. Set Up the API Request:

    • Define the API endpoint URL.
    • Prepare the data in an array format, specifying parameters like base currency, base price, base country, target country, and target currency.
  3. Send the API Request:

    • Use the file_get_contents() function to send a POST request to the API endpoint with the data.
    • Print the result to view the response.
				
					<?php
$api_key = 'YOUR_API_KEY'; // Replace 'YOUR_API_KEY' with your actual API key

$url = "https://100088.pythonanywhere.com/api/v1/ppp/public/$api_key"; // Construct the API request URL

$data = [ // Prepare the data in array format
    "base_currency" => "United States dollar",
    "base_price" => "100",
    "base_country" => "Germany",
    "target_country" => "United States",
    "target_currency" => "British pound"
];

$options = [ // Set up options for the HTTP request
    'http' => [
        'method' => 'POST',
        'content' => json_encode($data)
    ]
];

$context = stream_context_create($options); // Create a stream context
$result = file_get_contents($url, false, $context); // Send a POST request to the API endpoint with the data
echo $result; // Print the response
?>

				
			

Output Explanation:

The file_get_contents() function sends a POST request to the API endpoint specified by the URL. The JSON-encoded data is sent with the request. The API processes the request and returns a response, which is echoed to display the results.

				
					{
  "success": true,
  "message": "Expected values",
  "price_in_base_country": "93.92401353 EUR",
  "base_country": "Germany",
  "target_country": "United States",
  "target_price": "128.6630322328767 USD",
  "calculated_price_base_on_ppp": "105.13958420267339 GBP"
}

				
			

React Example

To utilize the Dowell Purchase Price Parity API (PPP) in React, follow these simple steps:

1. Set Up Your React App:

  • Create a new React project or navigate to your existing project directory.

2. Install Axios:

  • Axios is a popular library for making HTTP requests in React applications. Install it using the following command:
    bash
    npm install axios

3. Obtain Your API Key:

  • Sign up for an API key on our website.
  • Replace 'your_api_key_here' with your actual API key in the code.

4. Construct the API Request:

  • Define the API request URL using the provided endpoint.

5. Prepare and Send the Request:

  • Prepare your data in an object format, specifying parameters such as base currency, base price, base country, target country, and target currency.
  • Send a POST request to the API endpoint with the data using Axios.

6. Display the Results:

  • View the results in a readable JSON format.

Here’s the explanation of the code with code comments:

				
					import React, { useState, useEffect } from 'react';
import axios from 'axios';

const PPPComponent = () => {
    const [result, setResult] = useState(null);

    useEffect(() => {
        const fetchData = async () => {
            try {
                const api_key = 'your_api_key_here';  // Replace 'your_api_key_here' with your actual API key
                const url = `https://100088.pythonanywhere.com/api/v1/ppp/public/${api_key}`;  // Construct the API request URL

                const data = {  // Prepare the data in object format
                    "base_currency": "United States dollar",
                    "base_price": "100",
                    "base_country": "Germany",
                    "target_country": "United States",
                    "target_currency": "British pound"
                };

                const response = await axios.post(url, data);  // Send a POST request to the API endpoint with the data
                setResult(response.data);  // Set the response data to the 'result' state
            } catch (error) {
                console.error('Error fetching PPP data:', error);
            }
        };

        fetchData();
    }, []);

    return (
        <div>
            <h2>PPP API Response:</h2>
            <pre>{JSON.stringify(result, null, 2)}</pre>  {/* Display the result in a readable JSON format */}
        </div>
    );
};

export default PPPComponent;

				
			

Output Explanation:

After executing the code, the component will render the response from the PPP API in a readable JSON format. The result will contain the purchase price parity value, indicating the relative value of the base currency (United States dollar) compared to the target currency (British pound) in the specified conversion scenario (from Germany to the United States).

				
					{
  "success": true,
  "message": "Expected values",
  "price_in_base_country": "93.92401353 EUR",
  "base_country": "Germany",
  "target_country": "United States",
  "target_price": "128.6630322328767 USD",
  "calculated_price_base_on_ppp": "105.13958420267339 GBP"
}

				
			

Flutter Example

To utilize the Dowell Purchase Price Parity API (PPP) in Flutter, follow these simple steps:

1. Set Up Your Flutter Project:

  • Make sure you have Flutter installed and set up on your machine.
  • Create a new Flutter project or navigate to an existing one.

2. Add Dependencies:

  • Add the http package to your pubspec.yaml file. This package will help in sending HTTP requests to the API.

3. Obtain Your API Key:

  • Sign up for an API key on Dowell’s platform.
  • Replace 'your_api_key_here' with your actual API key in the code.

4. Construct the API Request:

  • Define the API endpoint URL using the provided endpoint.

5. Prepare and Send the Request:

  • Prepare your data in a dictionary format, specifying parameters such as base currency, base price, base country, target country, and target currency.
  • Send a POST request to the API endpoint with the data in JSON format using the http.post() method.

6. Print the Response:

  • Print the response to view the results.

Here’s the explanation of the code with code comments:

				
					import 'package:http/http.dart' as http;  // Import the http package for making HTTP requests

String api_key = 'your_api_key_here';  // Replace 'your_api_key_here' with your actual API key
String url = 'https://100088.pythonanywhere.com/api/v1/ppp/public/$api_key';  // Construct the API request URL

Map<String, String> data = {  // Prepare the data in a map format
  "base_currency": "United States dollar",
  "base_price": "100",
  "base_country": "Germany",
  "target_country": "United States",
  "target_currency": "British pound"
};

Future<void> fetchData() async {
  var response = await http.post(Uri.parse(url), body: data);  // Send a POST request to the API endpoint with the data
  print(response.body);  // Print the response body to view the results
}

				
			

Output Explanation:

The API processes the request and returns a response, which is printed to view the results in a readable JSON format.

				
					{
  "success": true,
  "message": "Expected values",
  "price_in_base_country": "93.92401353 EUR",
  "base_country": "Germany",
  "target_country": "United States",
  "target_price": "128.6630322328767 USD",
  "calculated_price_base_on_ppp": "105.13958420267339 GBP"
}

				
			

WordPress Example

Step 1: Set up the API name, unique ID and the base url(below). It’s a prerequisite to have WP-GET API plugin installed in your wordpress website

Dowell Purchase Price Parity API Testing using WpGetAPI Plugin

Step 2: Set up the api endpoint and the request body. the endpoint should have the api key and request body should have the necessary body post fields

Dowell Purchase Price Parity API demonstrative scenerios 1
Dowell Purchase Price Parity API demonstrative scenerios 2

Step 3: Test endpoint to get JQuery response from the API.

Dowell Purchase Price Parity API Endd Points Testing