The EUR/USD exchange rate fell to 1.1663 on July 14, 2025, down 0.21% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 0.88%, and is up by 7.02% 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.

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.

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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,

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 DXY exchange rate rose to 97.9584 on July 14, 2025, up 0.11% from the previous session. Over the past month, the United States Dollar has weakened 0.32%, and is down by 6.03% over the last 12 months. United States Dollar - values, historical data, forecasts and news - updated on July of 2025.

The EUR/USD exchange rate fell to 1.1688 on July 11, 2025, down 0.11% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 0.90%, and is up by 7.17% over the last 12 months. Euro US Dollar Exchange Rate - EUR/USD - values, historical data, forecasts and news - updated on July of 2025.

The USD/MXN exchange rate rose to 18.7437 on July 14, 2025, up 0.60% from the previous session. Over the past month, the Mexican Peso has strengthened 0.88%, but it's down by 5.73% over the last 12 months. Mexican Peso - values, historical data, forecasts and news - updated on July 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.

Mexico BDM Forecast: Exchange Rate against US$: Average data was reported at 19.940 MXN/USD in Mar 2020. This records an increase from the previous number of 19.890 MXN/USD for Feb 2020. Mexico BDM Forecast: Exchange Rate against US$: Average data is updated monthly, averaging 12.310 MXN/USD from Feb 1999 (Median) to Mar 2020, with 254 observations. The data reached an all-time high of 21.420 MXN/USD in Jan 2017 and a record low of 9.130 MXN/USD in Apr 2002. Mexico BDM Forecast: Exchange Rate against US$: Average 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.

Dataset

This dataset was created by Debdatta Chatterjee

Contents

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 USD/BRL exchange rate rose to 5.5697 on July 14, 2025, up 0.20% from the previous session. Over the past month, the Brazilian Real has weakened 1.41%, and is down by 2.22% over the last 12 months. Brazilian Real - values, historical data, forecasts and news - updated on July of 2025.

The USD/LAK exchange rate was unchanged at 21,545.8900 on July 14, 2025. Over the past month, the Lao Kip has weakened 0.30%, but it's up by 2.83% over the last 12 months. Lao Kip - values, historical data, forecasts and news - updated on July of 2025.

The USD/VND exchange rate rose to 26,116.0000 on July 14, 2025, up 0.01% from the previous session. Over the past month, the Vietnamese Dong has weakened 0.16%, and is down by 2.98% over the last 12 months. Vietnamese Dong - values, historical data, forecasts and news - updated on July of 2025.

Foreign Exchange Services Market size was valued at USD 8.6 Billion in 2023 and is expected to reach USD 18.3 Billion by 2031, with a CAGR of 8.4% from 2024-2031.

Global Foreign Exchange Services Market Drivers

The market drivers for the Foreign Exchange Services Market can be influenced by various factors. These may include:

Global Trade Growth: As international trade expands, there is an increased need for foreign exchange services to facilitate cross-border transactions, payments, and investments.

Technological Advancements: Innovations in fintech and digital banking solutions have enhanced the efficiency and accessibility of foreign exchange services. The rise of online trading platforms and mobile applications allows individuals and businesses to conduct foreign exchange transactions easily.

Global Foreign Exchange Services Market Restraints

Several factors can act as restraints or challenges for the Foreign Exchange Services Market, These may include:

Regulatory Challenges: Strict regulations and compliance requirements imposed by governments and financial authorities can hinder the operations of Forex service providers. Adhering to these regulations may require significant investment in compliance infrastructure.

Market Volatility: High volatility in currency exchange rates can deter individuals and businesses from participating in the Forex market. This can lead to reduced demand for services and limit market growth.

Currency Exchange Bureau Software Market Outlook

The global currency exchange bureau software market size is poised to witness significant growth, forecasted to expand from USD 1.2 billion in 2023 to approximately USD 2.5 billion by 2032, reflecting a robust CAGR of 8.5%. This growth is primarily driven by the increasing demand for efficient, secure, and user-friendly platforms in financial transactions, coupled with the rise in international trade and tourism. The technology underpinning these software solutions enables currency exchange bureaus to streamline their operations, reduce processing time, and enhance the customer experience, further fueling market expansion.

One of the key growth drivers of the currency exchange bureau software market is the rapid globalization and the subsequent increase in cross-border transactions. As businesses and individuals engage more in international trade and travel, the demand for secure and efficient currency exchange solutions surges. Modern software provides real-time exchange rates, ensuring that customers receive the most accurate information for their transactions. Additionally, advancements in fintech are enabling these platforms to integrate with other financial services, offering a comprehensive financial solution that attracts both small and large enterprises. The integration of advanced technologies like AI and machine learning into these systems further enhances their capabilities, helping organizations analyze market trends and optimize their service offerings.

Another significant factor contributing to the market's growth is the rising adoption of mobile banking and digital payment systems. With the proliferation of smartphones and increased internet penetration, consumers are more inclined towards digital transactions, including currency exchange. Mobile applications offering currency conversion, rate alerts, and transaction history are becoming increasingly popular, compelling software providers to innovate and enhance their mobile platforms. Moreover, the emphasis on cybersecurity and data protection is prompting currency exchange bureaus to adopt sophisticated software solutions that safeguard customer information and prevent fraud, thereby boosting market growth.

The market is also benefitting from regulatory advancements and supportive government policies aimed at enhancing financial inclusivity and transparency. Many governments are encouraging the modernization of financial services, providing a favorable environment for the adoption of currency exchange software solutions. These policies not only enhance operational transparency but also build consumer trust, which is crucial for market growth. Additionally, the increasing demand for compliance with international financial regulations is driving the implementation of advanced software solutions that ensure adherence to these standards, thereby mitigating risks associated with non-compliance.

Currency Converter Apps have emerged as a pivotal tool for both consumers and businesses involved in international transactions. These apps offer real-time exchange rates, allowing users to make informed decisions when converting currencies. By providing a convenient platform for currency conversion, these apps enhance the user experience, making it easier for travelers and businesses to handle foreign currency exchanges efficiently. The integration of advanced features such as rate alerts and historical data analysis further empowers users to optimize their currency transactions. As the demand for seamless and accurate currency conversion continues to grow, the role of currency converter apps in the financial ecosystem becomes increasingly significant, complementing the broader currency exchange bureau software market.

Regionally, the Asia Pacific market is expected to witness the highest growth rate due to the rapid economic development and increasing number of international travelers in the region. Countries like China, India, and Japan are major contributors to this growth, supported by their large population and high rates of foreign exchange transactions. North America continues to hold a significant share of the market, driven by technological advancements and a well-established financial services sector. Meanwhile, Europe is not far behind, with a growing number of financial institutions adopting these technologies to improve operational efficiency. Latin America and the Middle East & Africa, while currently smaller markets, are anticipated to grow steadily due to increasing investments in digital infrastructur

The USD/MZN exchange rate fell to 63.8900 on July 14, 2025, down 0.03% from the previous session. Over the past month, the Mozambique Metical has weakened 0.42%, and is down by 0.03% over the last 12 months. Mozambique Metical - values, historical data, forecasts and news - updated on July of 2025.

The USD/CNY exchange rate fell to 7.1702 on July 14, 2025, down 0.03% from the previous session. Over the past month, the Chinese Yuan has strengthened 0.17%, and is up by 1.42% over the last 12 months. Chinese Yuan - values, historical data, forecasts and news - updated on July of 2025.

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