The USDINR decreased 0.1017 or 0.12% to 85.4770 on Wednesday March 26 from 85.5787 in the previous trading session. Indian Rupee - values, historical data, forecasts and news - updated on March of 2025.

In January 2024, the value of Indian rupee per unit of U.S. dollar amounted to 83.12 Indian rupees. The exchange rate of one U.S. dollar to Indian rupee had reached 80 Indian rupees at the beginning of the fourth quarter of 2022 from 74.44 INR at the beginning of the year 2022 and stayed above 80 rupees throughout 2023.

India IN: Exchange Rate: National Currency per USD: Single Hit Scenario data was reported at 75.568 USD/INR in 2021. This records an increase from the previous number of 74.843 USD/INR for 2020. India IN: Exchange Rate: National Currency per USD: Single Hit Scenario data is updated yearly, averaging 46.604 USD/INR from Dec 1995 (Median) to 2021, with 27 observations. The data reached an all-time high of 75.568 USD/INR in 2021 and a record low of 32.432 USD/INR in 1995. India IN: Exchange Rate: National Currency per USD: Single Hit Scenario 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 India – Table IN.OECD.EO: Exchange Rate: Forecast: Non OECD Member: Annual. EXCHUD - Exchange rate, national currency per USD

India IN: Purchasing Power Parity: National Currency per USD: Double Hit Scenario data was reported at 21.619 USD/INR in 2021. This stayed constant from the previous number of 21.619 USD/INR for 2020. India IN: Purchasing Power Parity: National Currency per USD: Double Hit Scenario data is updated yearly, averaging 12.579 USD/INR from Dec 1995 (Median) to 2021, with 27 observations. The data reached an all-time high of 21.619 USD/INR in 2021 and a record low of 7.946 USD/INR in 1995. India IN: Purchasing Power Parity: National Currency per USD: Double Hit Scenario 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 India – Table IN.OECD.EO: Exchange Rate: Forecast: Non OECD Member: Annual. PPP - Purchasing power parity, national currency per USD

Prices for INRKZT Indian Rupee Kazakhstani Tenge including live quotes, historical charts and news. INRKZT Indian Rupee Kazakhstani Tenge was last updated by Trading Economics this March 27 of 2025.

One euro in 2022 was worth less Indian rupees than in 2021, with exchange rates reaching values close to 2018 or 2019. This according to a comparison between average monthly and daily exchange rates. As of March 21, 2025 one euro was worth 93.65 Indian rupees. The average, or standardized, measure is based on many observations throughout the period in question. This is different than 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 of 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.

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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

India Foreign Exchange Rate: RBI: Reference Rate: US Dollars data was reported at 85.730 USD/INR in 25 Mar 2025. This records a decrease from the previous number of 85.832 USD/INR for 24 Mar 2025. India Foreign Exchange Rate: RBI: Reference Rate: US Dollars data is updated daily, averaging 67.032 USD/INR from Apr 1995 (Median) to 25 Mar 2025, with 7240 observations. The data reached an all-time high of 87.586 USD/INR in 10 Feb 2025 and a record low of 43.949 USD/INR in 27 Jul 2011. India Foreign Exchange Rate: RBI: Reference Rate: US Dollars data remains active status in CEIC and is reported by Reserve Bank of India. The data is categorized under High Frequency Database’s Foreign Exchange Rates – Table IN.MC001: Foreign Exchange Rate: Reserve Bank of India. [COVID-19-IMPACT]

Prices for MXNINR Mexican Peso Indian Rupee including live quotes, historical charts and news. MXNINR Mexican Peso Indian Rupee was last updated by Trading Economics this March 19 of 2025.

The USDLKR increased 0.7870 or 0.27% to 297.1570 on Wednesday March 26 from 296.3700 in the previous trading session. Sri Lankan Rupee - values, historical data, forecasts and news - updated on March of 2025.

Foreign Exchange Rate: Bank of Russia: Indian Rupee data was reported at 98.207 100 INR/RUB in 26 Mar 2025. This records an increase from the previous number of 97.719 100 INR/RUB for 25 Mar 2025. Foreign Exchange Rate: Bank of Russia: Indian Rupee data is updated daily, averaging 91.198 100 INR/RUB from Jan 2010 (Median) to 26 Mar 2025, with 3758 observations. The data reached an all-time high of 157.716 100 INR/RUB in 11 Mar 2022 and a record low of 48.797 100 INR/RUB in 29 Aug 2013. Foreign Exchange Rate: Bank of Russia: Indian Rupee 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 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.

Prices for THBINR Thai Baht Indian Rupee including live quotes, historical charts and news. THBINR Thai Baht Indian Rupee was last updated by Trading Economics this March 27 of 2025.

Prices for GBPINR British Pound Sterling Indian Rupee including live quotes, historical charts and news. GBPINR British Pound Sterling Indian Rupee was last updated by Trading Economics this March 27 of 2025.

Nepal Indian Currency Purchase: Indian Rupee Purchase data was reported at 28,421.870 INR mn in Sep 2018. This records an increase from the previous number of 22,040.170 INR mn for Aug 2018. Nepal Indian Currency Purchase: Indian Rupee Purchase data is updated monthly, averaging 10,289.050 INR mn from Aug 2003 (Median) to Sep 2018, with 182 observations. The data reached an all-time high of 33,828.160 INR mn in Apr 2018 and a record low of 0.000 INR mn in Nov 2004. Nepal Indian Currency Purchase: Indian Rupee Purchase data remains active status in CEIC and is reported by Nepal Rastra Bank. The data is categorized under Global Database’s Nepal – Table NP.M005: Foreign Exchange Intervention.

Prices for PLNINR Polish Zloty Indian Rupee including live quotes, historical charts and news. PLNINR Polish Zloty Indian Rupee was last updated by Trading Economics this March 27 of 2025.

It has been estimated that by 2030, the export value of drones from India will reach around 470 billion Indian rupees. During the same period, the domestic market size of drone in India will reach around 2.5 trillion rupees.

Nepal Indian Currency Purchase: USD Sale data was reported at 300.000 USD mn in Oct 2018. This records a decrease from the previous number of 400.000 USD mn for Sep 2018. Nepal Indian Currency Purchase: USD Sale data is updated monthly, averaging 200.000 USD mn from Aug 2003 (Median) to Oct 2018, with 183 observations. The data reached an all-time high of 520.000 USD mn in Apr 2018 and a record low of 0.000 USD mn in Nov 2004. Nepal Indian Currency Purchase: USD Sale data remains active status in CEIC and is reported by Nepal Rastra Bank. The data is categorized under Global Database’s Nepal – Table NP.M005: Foreign Exchange Intervention.

Prices for OMRINR Omani Rial Indian Rupee including live quotes, historical charts and news. OMRINR Omani Rial Indian Rupee was last updated by Trading Economics this March 25 of 2025.

The USDPKR increased 0.0500 or 0.02% to 280.3000 on Wednesday March 26 from 280.2500 in the previous trading session. Pakistan Rupee - values, historical data, forecasts and news - updated on March of 2025.