The EUR/USD exchange rate fell to 1.1663 on July 14, 2025, down 0.21% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 0.88%, and is up by 7.02% over the last 12 months. Euro US Dollar Exchange Rate - EUR/USD - values, historical data, forecasts and news - updated on July of 2025.

Snapshot img

Foreign Exchange Market Size 2025-2029

The foreign exchange market size is forecast to increase by USD 582 billion, at a CAGR of 10.6% between 2024 and 2029.

The Foreign Exchange Market is segmented by type (reporting dealers, financial institutions, non-financial customers), trade finance instruments (currency swaps, outright forward and FX swaps, FX options), trading platforms (electronic trading, over-the-counter (OTC), mobile trading), and geography (North America: US, Canada; Europe: Germany, Switzerland, UK; Middle East and Africa: UAE; APAC: China, India, Japan; South America: Brazil; Rest of World). This segmentation reflects the market's global dynamics, driven by institutional trading, increasing digital adoption through electronic trading and mobile trading, and regional economic activities, with APAC markets like India and China showing significant growth alongside traditional hubs like the US and UK.
The market is experiencing significant shifts driven by the escalating trends of urbanization and digitalization. These forces are creating 24x7 trading opportunities, enabling greater accessibility and convenience for market participants. However, the market's dynamics are not without challenges. The uncertainty of future exchange rates poses a formidable obstacle for businesses and investors alike, necessitating robust risk management strategies. As urbanization continues to expand and digital technologies reshape the trading landscape, market players must adapt to remain competitive. One significant trend is the increasing use of money transfer agencies, venture capital investments, and mutual funds in foreign exchange transactions. Companies seeking to capitalize on these opportunities must navigate the challenges effectively, ensuring they stay abreast of exchange rate fluctuations and implement agile strategies to mitigate risk.
The ability to adapt and respond to these market shifts will be crucial for success in the evolving market.

What will be the Size of the Foreign Exchange Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

In the dynamic and intricate realm of the market, entities such as algorithmic trading, order book, order management systems, and liquidity risk intertwine, shaping the ever-evolving market landscape. The market's continuous unfolding is characterized by the integration of various components, including sentiment analysis, Fibonacci retracement, mobile trading, and good-for-the-day orders. Market activities are influenced by factors like political stability, monetary policy, and market liquidity, which in turn impact economic growth and trade settlement. Technical analysis, with its focus on chart patterns and moving averages, plays a crucial role in informing trading decisions. The market's complexity is further amplified by the presence of entities like credit risk, counterparty risk, and operational risk.

Central bank intervention, order execution, clearing and settlement, and trade confirmation are essential components of the market's infrastructure, ensuring a seamless exchange of currencies. Geopolitical risk, currency correlation, and inflation rates contribute to currency volatility, necessitating hedging strategies and risk management. Market risk, interest rate differentials, and commodity currencies influence trading strategies, while cross-border payments and brokerage services facilitate international trade. The ongoing evolution of the market is marked by the emergence of advanced trading platforms, automated trading, and real-time data feeds, enabling traders to make informed decisions in an increasingly interconnected and complex global economy.

How is this Foreign Exchange Industry segmented?

The foreign exchange industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Reporting dealers
  Financial institutions
  Non-financial customers


Trade Finance Instruments

  Currency swaps
  Outright forward and FX swaps
  FX options


Trading Platforms

  Electronic Trading
  Over-the-Counter (OTC)
  Mobile Trading


Geography

  North America

    US
    Canada


  Europe

    Germany
    Switzerland
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The reporting dealers segment is estimated to witness significant growth during the forecast period.

The market is a dynamic and complex ecosystem where various entities interplay to manage currency risks and facilitate international trade. Reporting dealers, as key participants,

The DXY exchange rate rose to 97.9584 on July 14, 2025, up 0.11% from the previous session. Over the past month, the United States Dollar has weakened 0.32%, and is down by 6.03% over the last 12 months. United States Dollar - values, historical data, forecasts and news - updated on July of 2025.

Global Foreign Exchange market size is expected to reach $1106.49 billion by 2029 at 7.2%, segmented as by counterparty, reporting dealers, other financial institutions, non-financial customers

The currency chart for the USA shows historical data for the U.S. Dollars per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more U.S. Dollars per USD. Depreciation implies that goods from the...

One United States dollar was worth over ****** Indonesian rupiah in May 2024, the highest value in a comparison of over 50 different currencies worldwide. All countries and territories shown here are based on the Big Mac Index - a measurement of how much a single Big Mac is worth across different areas in the world. This exchange rate comparison reveals a strong position of the dollar in Asia and Latin America. Note, though, that several of the top currencies shown here do not rank among the most traded. The quarterly U.S. dollar exchange rate against the ten biggest forex currencies only contains the Korean won and the Japanese yen.

The USD/BRL exchange rate rose to 5.5697 on July 14, 2025, up 0.20% from the previous session. Over the past month, the Brazilian Real has weakened 1.41%, and is down by 2.22% over the last 12 months. Brazilian Real - values, historical data, forecasts and news - updated on July of 2025.

The USD/MXN exchange rate rose to 18.7437 on July 14, 2025, up 0.60% from the previous session. Over the past month, the Mexican Peso has strengthened 0.88%, but it's down by 5.73% over the last 12 months. Mexican Peso - values, historical data, forecasts and news - updated on July of 2025.

The currency chart for Ireland shows historical data for the Euros per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more Euros per USD. Depreciation implies that goods from Ireland become cheaper...

The euro-to-dollar exchange rate fluctuated significantly in 2022, reaching its lowest recorded value since 2008 during that time. Figures were different later in the year, however, with a rate of 1.17 USD recorded at the end of June 27, 2025. The average (standardized) measure is based on the calculation of many observations throughout the period in question. It is therefore different from an annual measure at a point, which reflects concrete values as of end of the year. Establishment The euro, which was established in 1992, introduced in non-physical form in 1999 and finally rolled out in 2002, is used by 19 of the 27 member states of the European Union. This group of 19 countries is otherwise known as the eurozone or euro area. By 2018, the total value of euro currency in circulation was almost 1.2 trillion euros, or over 3.4 thousand euros per capita. Euro to USD Between 2001 and 2008, the average annual exchange rate of the euro to the U.S. dollar noted a steep increase. In 2008, the euro to U.S. dollar annual average exchange rate was equal to 1.47, which meant that one euro could buy 1.47 U.S. dollars. By 2019, this value had decreased overall, to a value of 1.12 which meant that one euro could buy 1.12 U.S. dollars. Similar dynamics in the euro to U.S. dollar exchange rate were also reflected in the monthly exchange rate recently.

The currency chart for Spain shows historical data for the Euros per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more Euros per USD. Depreciation implies that goods from Spain become cheaper...

India IN: Exchange Rate: National Currency per USD data was reported at 84.404 USD/INR in 2025. This records an increase from the previous number of 83.630 USD/INR for 2024. India IN: Exchange Rate: National Currency per USD data is updated yearly, averaging 48.323 USD/INR from Dec 1995 (Median) to 2025, with 31 observations. The data reached an all-time high of 84.404 USD/INR in 2025 and a record low of 32.432 USD/INR in 1995. India IN: Exchange Rate: National Currency per USD data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s India – Table IN.OECD.EO: Exchange Rate: Forecast: Non OECD Member: Annual. EXCHUD - Exchange rate, national currency per USD

The currency chart for Colombia shows historical data for the Colombian Pesos per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more Colombian Pesos per USD. Depreciation implies that goods from...

Currency Exchange Bureau Software Market Outlook

The global currency exchange bureau software market size is poised to witness significant growth, forecasted to expand from USD 1.2 billion in 2023 to approximately USD 2.5 billion by 2032, reflecting a robust CAGR of 8.5%. This growth is primarily driven by the increasing demand for efficient, secure, and user-friendly platforms in financial transactions, coupled with the rise in international trade and tourism. The technology underpinning these software solutions enables currency exchange bureaus to streamline their operations, reduce processing time, and enhance the customer experience, further fueling market expansion.

One of the key growth drivers of the currency exchange bureau software market is the rapid globalization and the subsequent increase in cross-border transactions. As businesses and individuals engage more in international trade and travel, the demand for secure and efficient currency exchange solutions surges. Modern software provides real-time exchange rates, ensuring that customers receive the most accurate information for their transactions. Additionally, advancements in fintech are enabling these platforms to integrate with other financial services, offering a comprehensive financial solution that attracts both small and large enterprises. The integration of advanced technologies like AI and machine learning into these systems further enhances their capabilities, helping organizations analyze market trends and optimize their service offerings.

Another significant factor contributing to the market's growth is the rising adoption of mobile banking and digital payment systems. With the proliferation of smartphones and increased internet penetration, consumers are more inclined towards digital transactions, including currency exchange. Mobile applications offering currency conversion, rate alerts, and transaction history are becoming increasingly popular, compelling software providers to innovate and enhance their mobile platforms. Moreover, the emphasis on cybersecurity and data protection is prompting currency exchange bureaus to adopt sophisticated software solutions that safeguard customer information and prevent fraud, thereby boosting market growth.

The market is also benefitting from regulatory advancements and supportive government policies aimed at enhancing financial inclusivity and transparency. Many governments are encouraging the modernization of financial services, providing a favorable environment for the adoption of currency exchange software solutions. These policies not only enhance operational transparency but also build consumer trust, which is crucial for market growth. Additionally, the increasing demand for compliance with international financial regulations is driving the implementation of advanced software solutions that ensure adherence to these standards, thereby mitigating risks associated with non-compliance.

Currency Converter Apps have emerged as a pivotal tool for both consumers and businesses involved in international transactions. These apps offer real-time exchange rates, allowing users to make informed decisions when converting currencies. By providing a convenient platform for currency conversion, these apps enhance the user experience, making it easier for travelers and businesses to handle foreign currency exchanges efficiently. The integration of advanced features such as rate alerts and historical data analysis further empowers users to optimize their currency transactions. As the demand for seamless and accurate currency conversion continues to grow, the role of currency converter apps in the financial ecosystem becomes increasingly significant, complementing the broader currency exchange bureau software market.

Regionally, the Asia Pacific market is expected to witness the highest growth rate due to the rapid economic development and increasing number of international travelers in the region. Countries like China, India, and Japan are major contributors to this growth, supported by their large population and high rates of foreign exchange transactions. North America continues to hold a significant share of the market, driven by technological advancements and a well-established financial services sector. Meanwhile, Europe is not far behind, with a growing number of financial institutions adopting these technologies to improve operational efficiency. Latin America and the Middle East & Africa, while currently smaller markets, are anticipated to grow steadily due to increasing investments in digital infrastructur

Argentina AR: Exchange Rate: National Currency per USD data was reported at 998.250 USD/ARS in 2026. This stayed constant from the previous number of 998.250 USD/ARS for 2025. Argentina AR: Exchange Rate: National Currency per USD data is updated yearly, averaging 0.999 USD/ARS from Dec 1960 (Median) to 2026, with 67 observations. The data reached an all-time high of 998.250 USD/ARS in 2026 and a record low of 0.000 USD/ARS in 1977. Argentina AR: Exchange Rate: National Currency per USD data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Argentina – Table AR.OECD.EO: Exchange Rate: Forecast: Non OECD Member: Annual. EXCHUD - Exchange rate, national currency per USD

The currency chart for Iran shows historical data for the Iranian Rials per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more Iranian Rials per USD. Depreciation implies that goods from Iran...

The currency chart for Taiwan shows historical data for the Taiwanese New Dollars per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more Taiwanese New Dollars per USD. Depreciation implies that...

The currency chart for Cuba shows historical data for the Cuban Pesos per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more Cuban Pesos per USD. Depreciation implies that goods from Cuba become...

The currency chart for Burkina Faso shows historical data for the CFA Francs per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more CFA Francs per USD. Depreciation implies that goods from Burkina...

The currency chart for the Ivory Coast shows historical data for the CFA Francs per USD exchange rate. These are monthly averages and not end-of-month currency values. An increase means depreciation against the USD as one can exchange more CFA Francs per USD. Depreciation implies that goods from...