The EUR/USD exchange rate fell to 1.1608 on October 21, 2025, down 0.29% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 1.63%, but it's up by 7.52% over the last 12 months. Euro US Dollar Exchange Rate - EUR/USD - values, historical data, forecasts and news - updated on October of 2025.

Sweden NIER Forecast: Exchange Rate: US Dollar data was reported at 7.500 SEK/USD in 2028. This records a decrease from the previous number of 7.600 SEK/USD for 2027. Sweden NIER Forecast: Exchange Rate: US Dollar data is updated yearly, averaging 7.400 SEK/USD from Dec 1971 (Median) to 2028, with 58 observations. The data reached an all-time high of 10.300 SEK/USD in 2001 and a record low of 4.200 SEK/USD in 1980. Sweden NIER Forecast: Exchange Rate: US Dollar 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.

BMF Forecast: Foreign Exchange Rate: US Dollar: Annual Average data was reported at 1.100 USD/EUR in 2027. This stayed constant from the previous number of 1.100 USD/EUR for 2026. BMF Forecast: Foreign Exchange Rate: US Dollar: Annual Average data is updated yearly, averaging 1.100 USD/EUR from Dec 2016 (Median) to 2027, with 12 observations. The data reached an all-time high of 1.200 USD/EUR in 2022 and a record low of 1.100 USD/EUR in 2027. BMF Forecast: Foreign Exchange Rate: US Dollar: Annual Average data remains active status in CEIC and is reported by Federal Ministry of Finance. The data is categorized under Global Database’s Austria – Table AT.M007: Foreign Exchange Rate: US Dollar: Forecast.

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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

This dataset provides values for EXCHANGE RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Guyana had the highest real gross domestic product (GDP) in the Americas in 2023, reaching 33 percent. Panama followed behind with 7.3 percent. On the other hand, the GDP of Haiti decreased by two percent in 2023.

Mexico BDM Forecast: Exchange Rate against US$: Average: Current Month data was reported at 19.260 MXN/USD in Mar 2019. This records an increase from the previous number of 19.210 MXN/USD for Feb 2019. Mexico BDM Forecast: Exchange Rate against US$: Average: Current Month data is updated monthly, averaging 17.645 MXN/USD from Dec 1999 (Median) to Mar 2019, with 76 observations. The data reached an all-time high of 21.420 MXN/USD in Jan 2017 and a record low of 9.560 MXN/USD in Dec 1999. Mexico BDM Forecast: Exchange Rate against US$: Average: Current Month data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M006: Foreign Exchange Rates: Forecast.

The real gross domestic product (GDP) of Malta is estimated to have grown by 7.5 percent in 2023 and is projected to grow a further five percent in 2024, which are the highest growth rates across all European countries for each year. In comparison, Estonia, Austria, Finland, and Ireland all had negative growth rates in 2023.

Mexico BDM Forecast: Exchange Rate against US$: Average: Plus 2 Years data was reported at 20.780 MXN/USD in Mar 2019. This records a decrease from the previous number of 20.890 MXN/USD for Feb 2019. Mexico BDM Forecast: Exchange Rate against US$: Average: Plus 2 Years data is updated monthly, averaging 18.475 MXN/USD from Nov 2001 (Median) to Mar 2019, with 52 observations. The data reached an all-time high of 21.050 MXN/USD in Dec 2016 and a record low of 10.360 MXN/USD in Dec 2001. Mexico BDM Forecast: Exchange Rate against US$: Average: Plus 2 Years data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M006: Foreign Exchange Rates: Forecast.

The USD/BRL exchange rate rose to 5.3954 on October 22, 2025, up 0.14% from the previous session. Over the past month, the Brazilian Real has weakened 2.13%, but it's up by 5.15% over the last 12 months. Brazilian Real - values, historical data, forecasts and news - updated on October of 2025.

The DXY exchange rate fell to 98.8965 on October 22, 2025, down 0.04% from the previous session. Over the past month, the United States Dollar has strengthened 1.68%, but it's down by 5.31% over the last 12 months. United States Dollar - values, historical data, forecasts and news - updated on October of 2025.

Russia MED Forecast: Foreign Exchange Rate: Year Average: US Dollar: Baseline Scenario data was reported at 75.156 RUB/USD in 2036. This records an increase from the previous number of 74.739 RUB/USD for 2035. Russia MED Forecast: Foreign Exchange Rate: Year Average: US Dollar: Baseline Scenario data is updated yearly, averaging 69.636 RUB/USD from Dec 2016 (Median) to 2036, with 21 observations. The data reached an all-time high of 75.156 RUB/USD in 2036 and a record low of 58.335 RUB/USD in 2017. Russia MED Forecast: Foreign Exchange Rate: Year Average: US Dollar: Baseline Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.ME002: Foreign Exchange Rate: Year Average: US Dollar: Forecast: Ministry of Economic Development.

Between 2025 and 2029, the U.S. dollar to Polish zloty exchange rate in Poland is expected to remain stable at ****** zloty per one U.S. dollar.

The USD/TWD exchange rate fell to 30.5850 on October 21, 2025, down 0.03% from the previous session. Over the past month, the Taiwanese Dollar has weakened 1.19%, but it's up by 4.51% over the last 12 months. Taiwanese Dollar - values, historical data, forecasts and news - updated on October of 2025.

The USD/EGP exchange rate rose to 47.5300 on October 21, 2025, up 0.06% from the previous session. Over the past month, the Egyptian Pound has strengthened 1.35%, and is up by 2.32% over the last 12 months. Egyptian Pound - values, historical data, forecasts and news - updated on October of 2025.

ABSTRACT Purpose: The objective of this article is to model a minute series of exchange rates for the EUR/USD pair using the singular spectrum analysis (SSA) and ARIMA-GARCH methods and evaluate which one offers better forecasts for a five-minute horizon. Originality/value: Despite being a successful technique in other branches of science, the application of SSA in finance is quite new. Furthermore, exchange rate modeling is a complex problem, comprising statistical concepts and properties. However, despite the complexity, the analysis of this series is extremely important for several agents playing, directly or indirectly, a role in the economy and the financial market. Design/methodology/approach: Time series models were estimated using the ARIMA-GARCH and SSA techniques, taking into account three samples of the ask exchange rate (closing): uptrend, downtrend, and no well-defined trend. Findings: The forecasts carried out by the SSA were the ones closest to the original observations for the three cases. Regarding the quality measurements, SSA obtained the best results for both uptrend and downtrend samples; for the sample with no well-defined trend, the findings indicated that the ARIMA-GARCH technique attained better results. However, it was concluded that the SSA forecasts, regarding exchange rates during the studied period, are more appropriate than the ones obtained by the ARIMA-GARCH model, regardless of the market movement.

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

The USD/CNY exchange rate was unchanged at 7.1272 on October 22, 2025. Over the past month, the Chinese Yuan has weakened 0.20%, but it's up by 0.12% over the last 12 months. Chinese Yuan - values, historical data, forecasts and news - updated on October of 2025.

Argentina had the highest annual inflation rate of G20 member countries as of April 2024, reaching an annual average of 250 percent. The Latin American country has struggled with high inflation over several years. Elsewhere, the inflation rate in Turkey reached almost 60 percent, while it was lowest in China at one percent.

The USD/JPY exchange rate rose to 151.0520 on October 21, 2025, up 0.20% from the previous session. Over the past month, the Japanese Yen has weakened 2.25%, but it's up by 0.07% over the last 12 months. Japanese Yen - values, historical data, forecasts and news - updated on October of 2025.