The EURUSD decreased 0.0005 or 0.04% to 1.0787 on Wednesday March 26 from 1.0791 in the previous trading session. Euro US Dollar Exchange Rate - EUR/USD - values, historical data, forecasts and news - updated on March of 2025.

Sweden NIER Forecast: Exchange Rate: Euro data was reported at 9.100 SEK/EUR in 2028. This stayed constant from the previous number of 9.100 SEK/EUR for 2027. Sweden NIER Forecast: Exchange Rate: Euro data is updated yearly, averaging 8.950 SEK/EUR from Dec 1971 (Median) to 2028, with 58 observations. The data reached an all-time high of 10.600 SEK/EUR in 2009 and a record low of 4.900 SEK/EUR in 1976. Sweden NIER Forecast: Exchange Rate: Euro data remains active status in CEIC and is reported by National Institute of Economic Research. The data is categorized under Global Database’s Sweden – Table SE.M020: Foreign Exchange Rate: Forecast: National Institute of Economic Research.

Luxembourg STATEC: Forecast: Foreign Exchange Rate: EUR/USD data was reported at 1.110 EUR/USD in 2021. This records an increase from the previous number of 1.090 EUR/USD for 2020. Luxembourg STATEC: Forecast: Foreign Exchange Rate: EUR/USD data is updated yearly, averaging 1.115 EUR/USD from Dec 2018 (Median) to 2021, with 4 observations. The data reached an all-time high of 1.230 EUR/USD in 2018 and a record low of 1.090 EUR/USD in 2020. Luxembourg STATEC: Forecast: Foreign Exchange Rate: EUR/USD data remains active status in CEIC and is reported by The Portal of Statistics of Luxembourg. The data is categorized under Global Database’s Luxembourg – Table LU.M009: Foreign Exchange Rate: Forecast: The Portal of Statistics of Luxembourg.

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 1.09 USD recorded at the end of March 21, 2025. The average (standardized) measure is based on the calculation of many observations throughout the period in question. It is therefore different than an annual measure at point in time, 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 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 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 in recent years.

Between 2025 and 2028, the euro to Polish zloty exchange rate in Poland will maintain a stable value of 4.2769 zloty for one euro.

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

Long term dataset showing the daily Euro - British Pound (EURGBP) exchange rate back to 1999.

Georgia Foreign Exchange Rate: NBG: Monthly Average: Euro data was reported at 2.935 EUR/GEL in Feb 2025. This records a decrease from the previous number of 2.945 EUR/GEL for Jan 2025. Georgia Foreign Exchange Rate: NBG: Monthly Average: Euro data is updated monthly, averaging 2.403 EUR/GEL from May 2001 (Median) to Feb 2025, with 286 observations. The data reached an all-time high of 4.107 EUR/GEL in May 2021 and a record low of 1.758 EUR/GEL in Jun 2001. Georgia Foreign Exchange Rate: NBG: Monthly Average: Euro data remains active status in CEIC and is reported by National Bank of Georgia. The data is categorized under Global Database’s Georgia – Table GE.M011: Foreign Exchange Rates.

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

Luxembourg LU: Exchange Rate: USD per National Currency data was reported at 1.058 EUR/USD in 2026. This stayed constant from the previous number of 1.058 EUR/USD for 2025. Luxembourg LU: Exchange Rate: USD per National Currency data is updated yearly, averaging 1.099 EUR/USD from Dec 1960 (Median) to 2026, with 67 observations. The data reached an all-time high of 1.468 EUR/USD in 2008 and a record low of 0.683 EUR/USD in 1985. Luxembourg LU: Exchange Rate: USD per National Currency 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 Luxembourg – Table LU.OECD.EO: Exchange Rate: Forecast: OECD Member: Annual. EXCH - Exchange rate, USD per national currency (1/EXCHUD)

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

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

New Zealand ASB Forecast: Foreign Exchange Rate: Euro data was reported at 0.610 NZD/EUR in Mar 2027. This records an increase from the previous number of 0.580 NZD/EUR for Jun 2026. New Zealand ASB Forecast: Foreign Exchange Rate: Euro data is updated quarterly, averaging 0.580 NZD/EUR from Sep 2016 (Median) to Mar 2027, with 41 observations. The data reached an all-time high of 0.680 NZD/EUR in Jun 2022 and a record low of 0.470 NZD/EUR in Jun 2020. New Zealand ASB Forecast: Foreign Exchange Rate: Euro data remains active status in CEIC and is reported by ASB Bank Limited. The data is categorized under Global Database’s New Zealand – Table NZ.M018: Foreign Exchange Rate: Forecast: ASB Bank Ltd.

ECB Projection: Foreign Exchange Rate: US Dollar data was reported at 1.140 EUR/USD in 2021. This stayed constant from the previous number of 1.140 EUR/USD for 2020. ECB Projection: Foreign Exchange Rate: US Dollar data is updated yearly, averaging 1.140 EUR/USD from Dec 2018 (Median) to 2021, with 4 observations. The data reached an all-time high of 1.180 EUR/USD in 2018 and a record low of 1.140 EUR/USD in 2021. ECB Projection: Foreign Exchange Rate: US Dollar data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s European Union – Table EU.M003: European Central Bank: Foreign Exchange Rate: Projection.

In March 2022, one euro could increasingly buy fewer Russian rubles according to the EUR to RUB exchange rate history. Figures have somewhat recovered since. A value of 92.20 ruble per single euro as observed on March 21, 2025 resembled exchange rates found in the mid-2010s. Despite significant drops in 2015 and 2017, the rate grew on average until then. At the end of 2020, one euro could buy roughly 90 Russian rubles - a value that was over twice as high as it was in 2009. Noticeable is the large increase during 2020, amidst the coronavirus pandemic: in the space of three months, the exchange rate grew by roughly 13 Russian rubles. Like the euro, the USD to ruble value also declined in February and March 2022.

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 March 21, 2025, the exchange rate was avalued at 1.72 Australian dollars per euro. The rate in 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 having a negative effect on 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 several other currencies. The Euro to U.S dollar had seen its annual average exchange rate increase by .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.

Foreign Exchange Rate: Bank of Russia: Euro data was reported at 92.341 EUR/RUB in 26 Mar 2025. This records an increase from the previous number of 91.525 EUR/RUB for 25 Mar 2025. Foreign Exchange Rate: Bank of Russia: Euro data is updated daily, averaging 70.518 EUR/RUB from Jan 1999 (Median) to 26 Mar 2025, with 6503 observations. The data reached an all-time high of 132.958 EUR/RUB in 11 Mar 2022 and a record low of 38.024 EUR/RUB in 24 Jun 2010. Foreign Exchange Rate: Bank of Russia: Euro data remains active status in CEIC and is reported by Bank of Russia. The data is categorized under High Frequency Database’s Foreign Exchange Rates – Table RU.MF001: Foreign Exchange Rate: Bank of Russia: Main Currencies. The official exchange rates of foreign currencies against the ruble are set by an order of the Bank of Russia and remain valid until the next order becomes effective.

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

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

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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 market continues to evolve, driven by several key trends and challenges. One significant trend is the increasing use of money transfer agencies, venture capital investments, and mutual funds in foreign exchange transactions. The Internet of Things (IoT) and artificial intelligence (AI) revolutionize banking and financial services, enabling real-time personal finance software and content delivery for travelers and businesses. The uncertainty of future exchange rates fuels the demand for 24x7 trading opportunities. As urbanization progresses and digitalization becomes more prevalent, the market is expected to grow, offering numerous opportunities for businesses and investors.

What will be the Size of the Foreign Exchange Market During the Forecast Period?

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The market, also known as the forex or FX market, is a decentralized global market for the trading of currencies. It facilitates the conversion of one currency into another for various reasons, including international trade, tourism, hedging, speculation, and investment. Participants in this market include financial institutions, non-financial customers, individuals, retailers, corporate institutes, and central banks. Currencies are traded 24 hours a day, five days a week, due to the presence of multiple time zones and the interbank network.
Currency swaps, interest rate differentials, monetary interventions, economic indicators, political developments, and investment flows are some of the key drivers influencing the market. International trade, balance of payments, and economic instability in various countries also significantly impact currency values. Speculation and hedging activities, particularly by corporations and financial institutions, contribute to the volatility of currency rates. The market is increasingly leveraging artificial intelligence and Internet of Things technologies to optimize trading strategies, with mutual funds utilizing these advancements to enhance portfolio performance and manage currency risk more efficiently. The forex market plays a crucial role in facilitating international business transactions and managing risks associated with currency fluctuations.

How is this Foreign Exchange Industry segmented and which is the largest segment?

The 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.TypeReporting dealersFinancial institutionsNon-financial customersTrade Finance InstrumentsCurrency swapsOutright forward and FX swapsFX optionsCounterpartyReporting DealersOther Financial InstitutionsNon-Financial CustomersGeographyNorth AmericaCanadaUSEuropeGermanyUKAPACChinaIndiaJapanSouth AmericaBrazilMiddle East and Africa

By Type Insights

The reporting dealers segment is estimated to witness significant growth during the forecast period. The market, also known as Forex or FX, is a global financial market where participants buy, sell, and exchange currencies. This market involves various market participants, including financial institutions, non-financial customers, and corporations. Currency swaps, individuals, retailers, corporates, hedge funds, wealth managers, and foreign exchange services are among the key players. The markets facilitate international trade and investment flows, with economic indicators, political developments, inflationary pressures, and interest rate differentials influencing currency values. Monetary interventions, speculation, and risk appetite are also significant factors.
Modern technology and electronic platforms have increased efficiency and accessibility, enabling 24-hour operation. Currency exchange services, monetary policies, and regulations, including those by central banks, impact the market. Economic events, financial crises, and strategic corporate activities can cause volatility. Hedging strategies, accessible platforms, and personal finance considerations are essential for individual investors, small businesses, and multinational corporations dealing with major currency pairs. Online trading platforms and trade balances are crucial for managing currency risks in an increasingly globalized business environment.

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The Reporting dealers segment was valued at USD 278.60 billion in 2019 and showed a gradual increase during the forecast period.

Currency pairs are the foundation of forex trading, with spot trading being one of the most common methods of buying and selling currencies. Forward contracts and swap deals offer traders the ability to lock in exchange rates for future transactions, managing ris