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.

The EUR/USD exchange rate fell to 1.1735 on July 24, 2025, down 0.33% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 0.44%, and is up by 8.14% over the last 12 months. Euro US Dollar Exchange Rate - EUR/USD - values, historical data, forecasts and news - updated on July of 2025.

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.

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.

The foreign exchange (Forex) market is a global decentralized market for the trading of currencies. It is the largest financial market in the world, with an average daily trading volume of over $5 trillion. The market size is expected to reach $84 million by 2033, growing at a CAGR of 5.83% during the forecast period 2025-2033. Key drivers of the Forex market growth include increasing international trade, rising foreign direct investment, and growing demand for hedging and speculation. The market is also being driven by the increasing use of online trading platforms and the growing popularity of cryptocurrencies. The major players in the Forex market include Deutsche Bank, UBS, JP Morgan, State Street, XTX Markets, Jump Trading, Citi, Bank of New York Mellon, Bank America, and Goldman Sachs. The market is segmented by type (spot Forex, currency swap, outright forward, Forex swaps, Forex options, other types), counterparty (reporting dealers, other financial institutions, non-financial customers), and region (North America, South America, Europe, Middle East & Africa, Asia Pacific). Recent developments include: In November 2023, JP Morgan revealed the introduction of novel FX Warrants denominated in Hong Kong dollars in the Hong Kong market, marking its status as the inaugural issuer in Asia to present FX Warrants featuring CNH/HKD (Chinese Renminbi traded outside Mainland China/Hong Kong dollar) and JPY/HKD (Japanese Yen/Hong Kong dollar) as underlying currency pairs. These fresh FX Warrants are set to commence trading on the Hong Kong Stock Exchange., In October 2023, Deutsche Bank AG finalized its purchase of Numis Corporation Plc. The integration of both brands under the name 'Deutsche Numis' underscores their collective influence and standing in the UK and global markets. 'Deutsche Numis' emerges as a prominent entity in UK investment banking and the preferred advisor for UK-listed companies. This acquisition aligns with Deutsche Bank's Global Hausbank strategy, aiming to become the primary partner for clients in financial services and fostering stronger relationships with corporations throughout the United Kingdom., In June 2023, UBS successfully finalized the acquisition of Credit Suisse, marking a significant achievement. Credit Suisse Group AG has merged into UBS Group AG, forming a unified banking entity.. Key drivers for this market are: International Transactions Driven by Growing Tourism Driving Market Demand, Market Liquidity Impacting the Foreign Exchange Market. Potential restraints include: International Transactions Driven by Growing Tourism Driving Market Demand, Market Liquidity Impacting the Foreign Exchange Market. Notable trends are: FX Swaps is leading the market.

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

Foreign Exchange Software Market Outlook

The global foreign exchange software market size was valued at USD 2.5 billion in 2023 and is projected to reach USD 5.3 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.9% during the forecast period. The market is witnessing robust growth driven by the increasing need for automation and efficiency in financial transactions across global economies. With technological advancements, businesses are increasingly adopting sophisticated foreign exchange software to streamline operations, manage risks, and enhance customer satisfaction, contributing to the market's upward trajectory.

The surge in cross-border trade and globalization is one of the primary factors fueling the growth of the foreign exchange software market. As businesses expand beyond domestic borders, the demand for efficient currency exchange solutions that can handle multiple currencies, comply with various international regulations, and provide accurate, real-time data has become imperative. Additionally, the rise of multinational corporations and the growing trend of remote working have further heightened the need for robust foreign exchange software that ensures seamless and secure financial transactions across different geographical locations.

Another significant growth factor is the increasing focus on risk management and regulatory compliance. Foreign exchange markets are inherently volatile, and businesses are increasingly seeking comprehensive software solutions that can help mitigate risks, manage currency fluctuations, and adhere to stringent regulatory standards. By integrating advanced analytics and AI capabilities, foreign exchange software providers are offering solutions that enhance decision-making processes, improve transaction accuracy, and reduce operational risks, thereby driving market growth.

The proliferation of digital banking and fintech innovations is also playing a crucial role in the expansion of the foreign exchange software market. With consumers demanding faster, more efficient, and user-friendly financial services, banks and financial institutions are investing heavily in cutting-edge technologies. This shift is propelling the adoption of cloud-based foreign exchange software solutions, which offer scalability, flexibility, and cost-effectiveness, enabling businesses to quickly adapt to changing market conditions and customer needs.

Regionally, North America dominates the foreign exchange software market, accounting for a significant share due to the presence of major financial institutions and technology providers. The region's well-established ICT infrastructure, coupled with a strong focus on innovation and early adoption of advanced solutions, facilitates market growth. Asia Pacific is anticipated to exhibit the highest CAGR during the forecast period, driven by rapid economic development, increasing trade activities, and the growing adoption of digital financial solutions in countries such as China and India. Europe also holds a substantial market share, supported by the region's robust financial sector and regulatory frameworks encouraging technological advancements.

Trade Management Software plays a pivotal role in the foreign exchange software market by offering comprehensive solutions that streamline trading operations and enhance decision-making processes. As businesses engage in cross-border transactions, the need for efficient trade management becomes increasingly critical. This software enables organizations to automate trading workflows, manage trade lifecycles, and ensure compliance with international trade regulations. By integrating real-time data analytics and risk management features, Trade Management Software provides traders with the tools necessary to optimize their trading strategies and mitigate potential risks. As a result, the adoption of such software is gaining momentum, contributing to the overall growth and sophistication of the foreign exchange software market.

Component Analysis

In the foreign exchange software market, components are primarily divided into software and services. The software segment is a critical component, comprising various types of platforms and applications that facilitate currency trading, risk management, and compliance oversight. These software solutions are designed to automate and streamline operations, providing real-time data analytics to assist traders and financial institutions in making informed decisions.

Luxembourg STATEC Forecast: Foreign Exchange Rate: US Dollar data was reported at 1.180 USD/EUR in 2018. This records an increase from the previous number of 1.130 USD/EUR for 2017. Luxembourg STATEC Forecast: Foreign Exchange Rate: US Dollar data is updated yearly, averaging 1.155 USD/EUR from Dec 2017 (Median) to 2018, with 2 observations. The data reached an all-time high of 1.180 USD/EUR in 2018 and a record low of 1.130 USD/EUR in 2017. Luxembourg STATEC Forecast: Foreign Exchange Rate: US Dollar 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 global foreign exchange services market is projected to reach USD XX million by 2033, exhibiting a CAGR of XX% during the forecast period of 2025-2033. The market is primarily driven by the surge in global trade and investment activities, increasing cross-border payments, and advancements in digital and mobile banking services. Additionally, the growing demand for currency exchange and remittance services from individuals and businesses traveling abroad is further fueling market growth. The increasing adoption of technology, such as blockchain and AI, in foreign exchange processes is also expected to drive market expansion. Market segmentation by type includes professionally managed accounts service, currency exchange & remittance service, trading programs & advisory service, and others. The currency exchange & remittance service segment holds a significant market share due to the high demand for currency conversion and money transfer services for various purposes such as international travel, business transactions, and personal remittances. By application, the market is segmented into individuals, retailers, corporate institutes, government, and others. The individuals segment has traditionally dominated the market due to the high volume of personal international travel and remittances. However, the corporate institutes segment is expected to expand rapidly owing to the increasing global business operations and the need for efficient cross-border payments. Key players in the global foreign exchange services market include American Express Company, Western Union Holdings, Inc., Capital One Financial Corporation, Bank of America Corporation, Citibank, Wells Fargo, JPMorgan Chase & Co., State Bank of India, Scotiabank, GAIN Capital, and others.

Dataset

This dataset was created by Debdatta Chatterjee

Contents

The global foreign exchange market was valued at USD 0.93 Trillion in 2024 and is expected to reach USD 1.16 Trillion by 2030 with a CAGR of 3.8% during the forecast period.

The USD/VND exchange rate fell to 26,143.0000 on July 24, 2025, down 0.03% from the previous session. Over the past month, the Vietnamese Dong has strengthened 0.05%, but it's down by 3.39% over the last 12 months. Vietnamese Dong - values, historical data, forecasts and news - updated on July of 2025.

Dive into Market Research Intellect's Foreign Exchange Software Market Report, valued at USD 3.5 billion in 2024, and forecast to reach USD 6.2 billion by 2033, growing at a CAGR of 7.8% from 2026 to 2033.

The USD/ILS exchange rate rose to 3.3445 on July 24, 2025, up 0.51% from the previous session. Over the past month, the Israeli Shekel has strengthened 1.65%, and is up by 9.02% over the last 12 months. Israeli Shekel - values, historical data, forecasts and news - updated on July of 2025.

The USD/EGP exchange rate rose to 49.0900 on July 23, 2025, up 0.04% from the previous session. Over the past month, the Egyptian Pound has strengthened 1.92%, but it's down by 1.66% over the last 12 months. Egyptian Pound - values, historical data, forecasts and news - updated on July of 2025.

The USD/TWD exchange rate rose to 29.2960 on July 24, 2025, up 0.16% from the previous session. Over the past month, the Taiwanese Dollar has strengthened 0.28%, and is up by 10.49% over the last 12 months. Taiwanese Dollar - values, historical data, forecasts and news - updated on July of 2025.

Foreign Exchange Reserves in the United States decreased to 38470 USD Million in May from 38565 USD Million in April of 2025. This dataset provides - United States Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

The USD/CAD exchange rate fell to 1.3598 on July 23, 2025, down 0.05% from the previous session. Over the past month, the Canadian Dollar has strengthened 0.93%, and is up by 1.55% over the last 12 months. Canadian Dollar - values, historical data, forecasts and news - updated on July of 2025.

The USD/CNY exchange rate fell to 7.1472 on July 24, 2025, down 0.05% from the previous session. Over the past month, the Chinese Yuan has strengthened 0.28%, and is up by 1.28% over the last 12 months. Chinese Yuan - values, historical data, forecasts and news - updated on July of 2025.