The EUR/USD exchange rate rose to 1.1701 on September 26, 2025, up 0.36% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 0.46%, and is up by 4.82% over the last 12 months. Euro US Dollar Exchange Rate - EUR/USD - values, historical data, forecasts and news - updated on September 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 1.16 USD recorded at the end of August 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.EstablishmentThe 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 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 USDBetween 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.

View market daily updates and historical trends for US Dollar to Euro Exchange Rate. Source: European Central Bank. Track economic data with YCharts analy…

The Euro to Australian exchange rate history reveals a peak in March 2020 before declining well until mid-2022. Exchange rates fluctuate against each other constantly. As of August 27, 2025, the exchange rate was valued at 1.79 Australian dollars per euro. The rate at which one currency performs against another depends on the demand that it generates at any given time. Exchange rates are affected by several factors, including international trade, tourism, and geopolitical tensions.Euro gains strength against the Brexit PoundOne good example of geopolitical risks negatively impacting the strength of a currency is to look at the British Pound post Brexit referendum. The average annual exchange rate of the Euro to GBP increased significantly between 2015 and 2018.The Euro vs. the worldSince 2016, the euro has performed well against various other currencies. The Euro to U.S. dollar had seen its annual average exchange rate increase by 0.07 between 2016 and 2018, after slightly decreasing in 2019. Against the Indian Rupee, the Euro had performed even better, with the average annual exchange rate equaling 78.84 in 2019.

International currencies play important roles as foreign exchange reserves but are also most frequently used to denominate corporate and government bonds, bank loans, and import and export invoices. These currencies offer unrivaled liquidity, constituting large shares of the volume on global foreign exchange markets, and are commonly chosen as the anchors targeted by countries with pegged or managed exchange rate regimes. We provide evidence suggesting a recent rise in the use of the dollar, and fall of the use of the euro, with similar patterns manifesting across all these aspects of international currency use.

United States Spot Exchange Rate: US Dollar to EURO data was reported at 1.123 EUR/USD in Apr 2025. This records an increase from the previous number of 1.081 EUR/USD for Mar 2025. United States Spot Exchange Rate: US Dollar to EURO data is updated monthly, averaging 1.171 EUR/USD from Jan 1999 (Median) to Apr 2025, with 316 observations. The data reached an all-time high of 1.576 EUR/USD in Jul 2008 and a record low of 0.853 EUR/USD in Oct 2000. United States Spot Exchange Rate: US Dollar to EURO data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.M: Spot Exchange Rate.

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.

The DXY exchange rate fell to 98.1821 on September 26, 2025, down 0.38% from the previous session. Over the past month, the United States Dollar has weakened 0.05%, and is down by 2.23% over the last 12 months. United States Dollar - values, historical data, forecasts and news - updated on September of 2025.

The pound to euro history reveals that exchange rates in 2022 were not as low as they were during 2008 or since the Brexit referendum. Since the United Kingdom (UK) held a referendum on its European Union membership in June 2016, the British pound (GBP) weakened against the euro. From a high of 1.43 at the end of November 2015, the GBP to EUR exchange rate has remained below 1.2 since July 2016, sitting at 1.11 as of October 2020. By September 12, 2025, values had reached 1.16 euros per pound. The euro to pound exchange rate can be found on a different page.Hitting UK citizens' pocketsIt is not just European holidaymakers that are hit when the British pound to Euro exchange rate falls. The average UK consumer also feels the pinch as inflation rates often rise to cover the shortfall of the pound. When the inflation rate rises, the price of imported goods goes up and the consumer ends up paying more. GBP to U.S. dollarSince 2016's referendum, the British pound (GBP) fell across the exchange. The GBP's fall against the Euro was also reflected against the U.S. dollar where the exchange rate in May 2016 (pre-referendum) of 1.46 dollars to the pound has fallen significantly.

The euro to Swiss franc exchange rate history suggests the currencies remained nearly unchanged since the summer of 2020. As of August 20, 2025, one euro was 0.94 Swiss francs. Between 2002 and 2007, the average annual exchange rate of the euro to the Swiss franc noted an increase. In 2007, for instance, one euro could buy over 1.6 Swiss francs. By 2021, this value had decreased to a value of roughly 1.1. Nevertheless, this was not the lowest point, as the exchange rate was its lowest in May 2015.

Foreign Exchange Rate: BCE: Ecuador Dollar to EURO data was reported at 1.135 EUR/USD in Apr 2025. This records an increase from the previous number of 1.082 EUR/USD for Mar 2025. Foreign Exchange Rate: BCE: Ecuador Dollar to EURO data is updated monthly, averaging 1.195 EUR/USD from May 2006 (Median) to Apr 2025, with 228 observations. The data reached an all-time high of 1.576 EUR/USD in Mar 2008 and a record low of 0.979 EUR/USD in Sep 2022. Foreign Exchange Rate: BCE: Ecuador Dollar to EURO data remains active status in CEIC and is reported by Central Bank of Ecuador. The data is categorized under Global Database’s Ecuador – Table EC.M004: Foreign Exchange Rate.

Through the post-World War II period, the United States dollar has been the leading currency used in international trade and debt contracts. With the creation of the euro, the dollar may finally face a challenge to its dominance in international markets. This article examines the likely effects of the euro on the international use of the dollar. Moreover, the article considers the implications for the United States and the euro area of a rise in the use of the euro and consequent fall in the use of the dollar internationally.

View market daily updates and historical trends for Euro to Australian Dollar Exchange Rate. Source: European Central Bank. Track economic data with YChar…

European Union FX Reference Rate: ECB: Canadian Dollar to Euro data was reported at 1.573 EUR/CAD in Apr 2025. This records an increase from the previous number of 1.553 EUR/CAD for Mar 2025. European Union FX Reference Rate: ECB: Canadian Dollar to Euro data is updated monthly, averaging 1.490 EUR/CAD from Jan 1990 (Median) to Apr 2025, with 424 observations. The data reached an all-time high of 1.878 EUR/CAD in Mar 1995 and a record low of 1.231 EUR/CAD in Jul 2012. European Union FX Reference Rate: ECB: Canadian Dollar to Euro data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s Belgium – Table BE.ECB: Euro Foreign Exchange Reference Rates.

View market daily updates and historical trends for Euro to Canadian Dollar Exchange Rate. from Canada. Source: European Central Bank. Track economic data…

The official currency of Germany is the Euro. Euro Exchange Rate - EUR/USD - Germany - values, historical data, forecasts and news - updated on September of 2025.

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Foreign Exchange Market Size 2025-2029

The foreign exchange market size is valued to increase by USD 582 billion, at a CAGR of 10.6% from 2024 to 2029. Growing urbanization and digitalization will drive the foreign exchange market.

Major Market Trends & Insights

Europe dominated the market and accounted for a 47% growth during the forecast period.
By Type - Reporting dealers segment was valued at USD 278.60 billion in 2023
By Trade Finance Instruments - Currency swaps segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 118.14 billion
Market Future Opportunities: USD 582.00 billion
CAGR from 2024 to 2029 : 10.6%

Market Summary

The market, a dynamic and intricate web of financial transactions, plays a pivotal role in facilitating global trade and economic interactions. Its primary function is to enable the conversion of one currency into another, thereby mitigating the risk of currency fluctuations for businesses and investors. Key drivers of this market include growing urbanization and digitalization, which have expanded trading opportunities to a 24x7 global economy. However, the uncertainty of future exchange rates poses a significant challenge, necessitating effective risk management strategies. The market's evolution reflects the increasing interconnectedness of the global economy. Transactions occur in a decentralized, over-the-counter system, with major trading centers in London, New York, and Tokyo.
Participants include commercial banks, investment banks, hedge funds, and individual investors, all seeking to capitalize on price differences between currencies. Trends shaping the market include the increasing use of automation and artificial intelligence to analyze market data and execute trades. Regulatory changes, such as the introduction of stricter capital requirements, also impact the market's functioning. Looking ahead, the market is expected to remain a vital component of the global financial landscape, with continued growth driven by increased trade and economic interdependence. However, challenges, such as regulatory changes and geopolitical risks, will necessitate adaptability and innovation from market participants.

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

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How is the Foreign Exchange Market 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, a dynamic and ever-evolving financial landscape, is characterized by constant activity and intricate patterns. Participants engage in various trading strategies, employing advanced tools such as stop-loss and take-profit orders on forex trading platforms. Real-time data feeds and order book dynamics facilitate trade execution speed, while market microstructure and slippage minimization techniques ensure efficient transactions. Currency correlation analysis and transaction cost analysis are integral to informed decision-making, with backtesting methodologies providing valuable insights. Currency forwards contracts, position sizing techniques, and forex derivatives pricing are essential components of risk management systems. Carry trade strategies, hedging strategies, and interest rate parity are popular tactics employed by market participants.

Algorithmic trading strategies, driven by options pricing models and trading algorithms' efficiency, significantly influence price discovery mechanisms. High-frequency trading and volatility modeling contribute to the market's liquidity risk management, while foreign exchange swaps and currency option valuation help manage risk. The market's complexities necessitate sophisticated risk management systems and intricate order routing optimization. Global payments systems facilitate the smooth transfer of funds, and liquidity risk management remains a critical concern for market participants. According to recent studies, The market is estimated to account for approximately USD6 trillion in daily trading volume, und

One euro in 2022 was worth less Indian rupees than in 2021, with exchange rates reaching values close to 2018 or 2019. This is according to a comparison between average monthly and daily exchange rates. As of August 27, 2025, one euro was worth 101.92 Indian rupees. The average, or standardized, measure is based on many observations throughout the period in question. This is different from an annual measure that denotes concrete values as of the end of the year.EstablishmentThe 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 Indian rupeeBetween the years 2001 and 2014, the average annual exchange rate of the euro to the Indian rupee noted an overall increase. In 2014, the euro to Indian rupee annual average exchange rate was equal to 81.04, which meant that one euro could buy 81.04 Indian rupees. By 2019, this value had fluctuated to a value of 78.84, which meant that one euro could buy 78.84 Indian rupees. A similar pattern of fluctuation can be seen with the euro against the U.S. dollar.

European Union FX Reference Rate: ECB: Australian Dollar to Euro data was reported at 1.780 EUR/AUD in Apr 2025. This records an increase from the previous number of 1.732 EUR/AUD for Mar 2025. European Union FX Reference Rate: ECB: Australian Dollar to Euro data is updated monthly, averaging 1.618 EUR/AUD from Jan 1990 (Median) to Apr 2025, with 424 observations. The data reached an all-time high of 2.027 EUR/AUD in Dec 2008 and a record low of 1.167 EUR/AUD in Jul 2012. European Union FX Reference Rate: ECB: Australian Dollar to Euro data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s Belgium – Table BE.ECB: Euro Foreign Exchange Reference Rates.

The exchange rate history of the euro against the Canadian dollar reveals a steady increase since 2015, although several dips did occur. Since 2021, for instance, the EUR/CAD exchange rate steadily declined, with one euro being worth 1.61 Canadian dollars as of the end of August 27, 2025. This is not as sharp a decline as in previous years, however. Between 2009 and 2012, the exchange rate noted a sharp decline in value, with one euro being able to buy around 1.29 Canadian dollars. This sharp decline was most likely associated with the volatile changes brought to the financial markets by the global recession. Since 2012, the annual average euro to Canadian dollar exchange rate has recovered but remains lower than it was back in 1999.