The EUR/USD exchange rate fell to 1.1781 on July 2, 2025, down 0.20% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 3.60%, and is up by 9.18% over the last 12 months. Euro US Dollar Exchange Rate - EUR/USD - values, historical data, forecasts and news - updated on July of 2025.

Prices for USDEUR US Dollar Euro including live quotes, historical charts and news. USDEUR US Dollar Euro was last updated by Trading Economics this July 2 of 2025.

The euro and U.S. dollar made up more than ***** of 10 SWIFT payments worldwide in 2025, outperforming many other currencies. This is according to a monthly report meant to track the market share of China's yuan renminbi within the international bank transfer system SWIFT. Although China holds the largest forex reserves in the world, the yuan ranked as the ******-used currency in international payments. The figures concern customer-initiated and institutional payments and exclude trade. Discussions on the potential weakening role of the U.S. dollar especially touch world trade and forex. For example, the share of the USD in forex reserves declined visibly against the euro and Japanese yen in 2024. What sparked this de-dollarization trend, and will it continue? Trade sanctions and de-dollarization De-dollarization in 2024 is mentioned mostly alongside trade and the BRICS countries - an informal name given to Brazil, Russia, India, China, and South Africa. The combined GDP of BRICS is about ** percent of the world's economy. After the start of the Ukraine war and Russia received economic sanctions, the BRICS slowly evolved into a trading bloc. The group increasingly wanted its own currency to settle payments within the trade bloc, to avoid using the U.S. dollar. In August 2024, BRICS will gather in South Africa to discuss the creation of such a new joint currency. Additionally, ** countries - including Argentina, Algeria, Egypt, Saudi Arabia, Turkey, and Yemen - expressed interest in joining the BRICS group. CBDC, or projects into a digital payment settlement A factor of future uncertainty for the U.S. dollar is how central bank digital currencies (CBDC) develop in emerging countries. Several projects exist between individual countries that specifically target cross-border interbank payments. A cooperation between Thailand and Hong Kong, Inthanon-Lionrock, ranks as the most advanced of these projects. CBDC does not require the U.S. dollar to function. Tangible such as commodities or gold can back them. The value of transactions processed with CBDC is to grow by ******* percent between 2024 and 2030.

The U.S. dollar is the most commonly used currency by the member states of the European Union when importing goods from outside the EU, reflecting the currency's status as the world's preeminent medium of exchange. During the decade beginning in 2010, the EU invoiced more than half of its imports in dollars, peaking in 2012 at 58 percent, before falling to less than half in 2020. The amount of imports invoiced in Euro fell at the beginning of the decade to around a third, before recovering to over 38 percent in 2020.

This perhaps reflects a growing diversification of international trade in the late 2010s, which has seen currencies such as the Euro and the Chinese Renminbi challenge the U.S. dollar in some regions. Another possibility could also be that as a result of the COVID-19 pandemic, trade was conducted more regionally in 2020, with EU trade partners closer to Europe being more likely to use currencies other than U.S. dollars. The share of imports invoiced in the currencies of EU member states who do not use the Euro fell dramatically in 2020, as the United Kingdom left the EU, meaning that imports invoiced in British Pound Sterling were counted among the "other currency" share.

The USD to EUR exchange rate in 2022 roughly 30 percent higher than it was in 2012, revealing a very strong dollar against the euro. The value of 0.85 euros per dollar was noticeably higher than the 2016 peak of 0.95 euros per dollar, but still above the price before the Eurozone Crisis. This started in 2009 and was caused by difficulties of several European countries with repaying government debt. What does the exchange rate mean? At any single point, an exchange rate is simply a measure of the value of one currency in terms of another. However, when the exchange rate shifts, one currency gets “stronger” and the other “weaker”. This is particularly important in international trade. A strong currency makes imports cheaper, so one could expect the trade balance of a country with a strong currency to decrease. In such a way, a strong currency would hurt a country with a high trade surplus. Exchange rate investments There is a financial market built around currency fluctuations. The foreign exchange market, or forex market, has a daily turnover of trillions of dollars. This market is critical for international trade, but many investors simply use it to speculate.

The EUR/USD exchange rate fell to 1.1755 on July 2, 2025, down 0.43% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 3.37%, and is up by 8.93% over the last 12 months. Euro US Dollar Exchange Rate - EUR/USD - values, historical data, forecasts and news - updated on July of 2025.

Prices for EURUSD Euro US Dollar including live quotes, historical charts and news. EURUSD Euro US Dollar was last updated by Trading Economics this July 2 of 2025.

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.

euro area - U.S. Dollars to Euro Spot Exchange Rate was 1.13300 U.S. $ to 1 Euro in May of 2025, according to the United States Federal Reserve. Historically, euro area - U.S. Dollars to Euro Spot Exchange Rate reached a record high of 1.15080 in April of 2025 and a record low of 0.96160 in September of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for euro area - U.S. Dollars to Euro Spot Exchange Rate - last updated from the United States Federal Reserve on July of 2025.

The European Union has seen a declining share of its exports to the rest of the world paid for in Euro over the period since 2010. At the same time, the share of exports paid for in U.S. dollars increased up until 2018, before declining drastically in 2020, likely to the impact of the COVID-19 pandemic on global trade. The share of exports paid for in other currencies of non-Euro members took a large leap in 2020, to over a fifth of the EU's global export trade, likely due to the United Kingdom's exit from the EU meaning that the British Pound was moved into this category from the EU member currencies category.

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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.
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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,

Norway NO: Exports: Services: USD: Euro area (19 countries) data was reported at 13.245 USD bn in 2021. This records an increase from the previous number of 10.298 USD bn for 2020. Norway NO: Exports: Services: USD: Euro area (19 countries) data is updated yearly, averaging 13.482 USD bn from Dec 2014 (Median) to 2021, with 8 observations. The data reached an all-time high of 16.288 USD bn in 2014 and a record low of 10.298 USD bn in 2020. Norway NO: Exports: Services: USD: Euro area (19 countries) 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 Norway – Table NO.OECD.TISP: Trade in Services: Exports: USD: by Country: OECD Member: Annual.

The average for 2023 based on 41 countries was 20.72 billion U.S. dollars. The highest value was in Ireland: 181.48 billion U.S. dollars and the lowest value was in France: -43.85 billion U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

LV: Trade Balance: Services: USD: Euro area (19 countries) data was reported at 979.300 USD mn in 2021. This records an increase from the previous number of 882.900 USD mn for 2020. LV: Trade Balance: Services: USD: Euro area (19 countries) data is updated yearly, averaging 823.100 USD mn from Dec 2010 (Median) to 2021, with 12 observations. The data reached an all-time high of 1.266 USD bn in 2019 and a record low of 257.000 USD mn in 2012. LV: Trade Balance: Services: USD: Euro area (19 countries) 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 Latvia – Table LV.OECD.TISP: Trade in Services: Trade Balance: USD: by Country: OECD Member: Annual.

Turnover in the euro increased between 2019 and 2022, reflecting a growing share in global trading on foreign exchange markets. By 2022, trades of the euro currency on forex was over 2.29 trillion U.S. dollars on average on a single day, a significant increase on the turnover of 470 billion U.S. dollars recorded in 2001. The forex - or foreign exchange market - turnover per day is a figure that is not often measured, only once every three years.

Prices for TWDEUR New Taiwan Dollar Euro including live quotes, historical charts and news. TWDEUR New Taiwan Dollar Euro was last updated by Trading Economics this July 1 of 2025.

Sweden SE: Trade Balance: Services: USD: Euro area (19 countries) data was reported at -8.657 USD bn in 2021. This records a decrease from the previous number of -6.200 USD bn for 2020. Sweden SE: Trade Balance: Services: USD: Euro area (19 countries) data is updated yearly, averaging -5.292 USD bn from Dec 2010 (Median) to 2021, with 12 observations. The data reached an all-time high of -556.800 USD mn in 2015 and a record low of -8.657 USD bn in 2021. Sweden SE: Trade Balance: Services: USD: Euro area (19 countries) 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 Sweden – Table SE.OECD.TISP: Trade in Services: Trade Balance: USD: by Country: OECD Member: Annual.

A graphic that displays the dollar performance against other currencies reveals that economic developments had mixed results on currency exchanges. The third quarter of 2023 marked a period of disinflation in the euro area, while China's projected growth was projected to go up. The United States economy was said to have a relatively strong performance in Q3 2023, although growing capital market interest rate and the resumption of student loan repayments might dampen this growth at the end of 2023. A relatively weak Japanese yen Q3 2023 saw pressure from investors towards Japanese authorities on how they would respond to the situation surrounding the Japanese yen. The USD/JPY rate was close to ***, whereas analysts suspected it should be around ** given the country's purchase power parity. The main reason for this disparity is said to be the differences in central bank interest rates between the United States, the euro area, and Japan. Any future aggressive changes from, especially the U.S. Fed might lower those differences. Financial markets responded somewhat disappoint when Japan did not announce major plans to tackle the situation. Potential rent decreases in 2024 Central bank rates peak in 2023, although it is expected that some of these will decline in early 2024. That said, analysts expect overall policies will remain restrictive. For example, the Bank of England's interest rate remained unchanged at **** percent in Q3 2023. It is believed the United Kingdom's central bank will ease its interest rate in 2024 but less than either the U.S. Fed or the European Central Bank. This should be a positive development for the pound compared to either the euro or the dollar.

Graph and download economic data for International Trade: Net trade: Value (goods): Total for the European Union (EU28XTNTVA01CXMLQ) from Q1 1999 to Q4 2019 about EU, trade, and Europe.