ape The data compression to get a lossless audio, a file format and an algorithm used is APE, also known as Monkey's Audio. This compression can retain data and not suffer losses during its compression as opposed to the other compressions with losses such as MP3, Musepack, ACC, and Vorbis. It encodes and compresses the audio to reduce transfer time, storage space. The audio extension APE is used for an audio file to track the metadata. The format is available freely for users possessing media players and playback plugins.