One United States dollar was worth over 15,000 Indonesian rupiah in March 2024, the highest value in a comparison of over 50 different currencies worldwide. All countries and territories shown here are based on the Big Mac Index - a measurement of how much a single Big Mac is worth across different areas in the world. This exchange rate comparison reveals a strong position of the dollar in Asia and Latin America. Note, though, that several of the top currencies shown here do not rank among the most traded. The quarterly U.S. dollar exchange rate against the 10 biggest forex currencies only contains the Korean won and the Japanese yen.

The USD/MXN exchange rate fell to 19.0796 on June 9, 2025, down 0.18% from the previous session. Over the past month, the Mexican Peso has strengthened 2.85%, but it's down by 2.82% over the last 12 months. Mexican Peso - values, historical data, forecasts and news - updated on June of 2025.

The USD to EUR exchange rate in 2022 roughly 30 percent higher than it was in 2012, revealing a very strong dollar against the euro. The value of 0.89 euros per dollar was noticeably higher than the 2016 peak of 0.95 euros per dollar, but still above the price before the Eurozone Crisis. This started in 2009 and was caused by difficulties of several European countries with repaying government debt. What does the exchange rate mean? At any single point, an exchange rate is simply a measure of the value of one currency in terms of another. However, when the exchange rate shifts, one currency gets “stronger” and the other “weaker”. This is particularly important in international trade. A strong currency makes imports cheaper, so one could expect the trade balance of a country with a strong currency to decrease. In such a way, a strong currency would hurt a country with a high trade surplus. Exchange rate investments There is a financial market built around currency fluctuations. The foreign exchange market, or forex market, has a daily turnover of trillions of dollars. This market is critical for international trade, but many investors simply use it to speculate.

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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 is experiencing significant growth, driven by the global trend of increasing urbanization and the 24x7 trading opportunities it affords. The digitalization of financial services has enabled seamless transactions across borders, making foreign exchange more accessible than ever before. One significant trend is the increasing use of money transfer agencies, venture capital investments, and mutual funds in foreign exchange transactions. However, this market is not without challenges. Regulatory hurdles impact adoption in some regions, with stringent regulations and compliance requirements adding complexity to market entry. Furthermore, the uncertainty of future exchange rates poses a significant risk for businesses engaging in foreign exchange transactions.
Navigating these challenges requires a deep understanding of market dynamics and a strategic approach to risk management. Companies seeking to capitalize on the opportunities in the market must stay informed of regulatory changes and adopt advanced risk management techniques to mitigate the impact of exchange rate volatility. By doing so, they can effectively capitalize on the growth potential of this dynamic market.

What will be the Size of the Foreign Exchange Market during the forecast period?

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The market, also known as FX, plays a crucial role in global business operations and finance. FX market liquidity is essential for effective portfolio management, mitigating interest rate risk, and facilitating cross-border transactions. FX analysis involves various tools and techniques, including technical analysis using moving averages, chart patterns, and stochastic oscillators, as well as fundamental analysis focusing on economic indicators and sentiment. Interest rate differentials drive currency appreciation and influence FX trading, with foreign exchange swaps enabling the exchange of principal and interest between two different currencies. Market orders facilitate instant execution, while trading platforms offer advanced features such as automated trading robots and AI-driven systems.
FX market impact is a critical consideration, with operational risk and compliance essential in managing currency exposure and hedging strategies. Currency risk and FX forward rates are vital components of FX risk management, while FX trading apps and discipline help maximize profit and minimize psychological biases. FX trading systems employ various tools like FX charts, indicators, and exchange-traded derivatives to analyze trends and forecast future movements. Cryptocurrency trading has also emerged as a significant component of FX markets, adding complexity and volatility to the market structure. FX trading Blockchain Technology offers potential benefits, such as increased transparency and reduced counterparty risk.

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.

In het market, dealers manage risky inventory positions during the maturity period, earning returns through liquidity provision. These returns reflect the risk premium associated with non-diversifiable risks. Dealers employ trading strategies using customer trade information to generate higher-than-expected returns. Competition among liquidity providers is expected to maintain stable pricing during the forecast period. Reporting dealers offer inter-day liquidity, buying and selling foreign exchange at posted bids while providing quotes throughout the trading day. Trading in the market involves various financial instruments and tools. Market orders are executed at the prevailing market price, while limit orders are executed at a specified price.

Forex brokers facilitate transactions between buyers and sellers, providing access to various trading tools such as currency baskets and exchange-traded derivatives. Cross-currency pairs are used for hedging and speculation, with the value of one curre

Tajikistan Foreign Exchange Rate: NBT: US Dollar data was reported at 10.917 USD/TJS in Feb 2025. This records a decrease from the previous number of 10.924 USD/TJS for Jan 2025. Tajikistan Foreign Exchange Rate: NBT: US Dollar data is updated monthly, averaging 4.962 USD/TJS from Jan 2001 (Median) to Feb 2025, with 255 observations. The data reached an all-time high of 12.960 USD/TJS in Mar 2022 and a record low of 2.350 USD/TJS in Jun 2001. Tajikistan Foreign Exchange Rate: NBT: US Dollar data remains active status in CEIC and is reported by National Bank of Tajikistan. The data is categorized under Global Database’s Tajikistan – Table TJ.M005: Foreign Exchange Rates.

Graph and download economic data for Thai Baht to U.S. Dollar Spot Exchange Rate (EXTHUS) from Jan 1981 to May 2025 about Thailand, exchange rate, currency, rate, and USA.

During 2022, the GBP/USD exchange rate reached its lowest value ever recorded, after the UK government announced its initial plans to combat inflation. Prices did increase again after these plans were turned back shortly after. As of May 2, 2025, one pound was valued at roughly 1.33 U.S. dollars. What affects an exchange rate? There are several factors that can impact an exchange rate. In terms of the current situation, the political and economic standings surrounding Brexit is probably the largest driver in the current form of the British pound. Other factors include inflation and interest rates, public debts, deficits as well as the country's export prices to import prices ratio. British pound to Euro Since the United Kingdom (UK) held a referendum on its European Union membership in June 2016, the British pound's (GBP) standing against the Euro has also been impacted. During the first half of 2020, the British pound against the Euro weakened overall.

The USDKRW increased 1.0000 or 0.07% to 1,464.3600 on Wednesday March 26 from 1,463.3600 in the previous trading session. South Korean Won - values, historical data, forecasts and news - updated on March of 2025.

Prices for DXY Dollar Index including live quotes, historical charts and news. DXY Dollar Index was last updated by Trading Economics this March 27 of 2025.

The AUDUSD decreased 0.0001 or 0.02% to 0.6302 on Wednesday March 26 from 0.6304 in the previous trading session. Australian Dollar - values, historical data, forecasts and news - updated on March of 2025.

Graph and download economic data for Mexican Pesos to U.S. Dollar Spot Exchange Rate (EXMXUS) from Nov 1993 to Feb 2025 about Mexico, exchange rate, currency, rate, and USA.

The USD/MZN exchange rate fell to 63.8900 on June 9, 2025, down 0.03% from the previous session. Over the past month, the Mozambique Metical has strengthened 0.03%, but it's down by 1.01% over the last 12 months. Mozambique Metical - values, historical data, forecasts and news - updated on June of 2025.

The U.S. dollar to Canadian dollar exchange rate history shows a decline since 2020, although figures pickd up substantially since mid 2022. By March 25, 2025, one U.S. dollar could buy roughly 1.43 Canadian dollars.

The USD/TTD exchange rate rose to 6.7822 on June 9, 2025, up 0.05% from the previous session. Over the past month, the Trinidad and Tobago Dollar has strengthened 0.06%, but it's down by 0.13% over the last 12 months. Trinidad and Tobago Dollar - values, historical data, forecasts and news - updated on June of 2025.

Graph and download economic data for Singapore Dollars to U.S. Dollar Spot Exchange Rate (DEXSIUS) from 1981-01-02 to 2025-03-21 about Singapore, exchange rate, currency, rate, and USA.

Graph and download economic data for Norwegian Kroner to U.S. Dollar Spot Exchange Rate (DEXNOUS) from 1971-01-04 to 2025-03-21 about Norway, exchange rate, currency, rate, and USA.

Foreign Exchange Rate: Bank of Botswana (BOB): Avg: United States Dollar data was reported at 0.072 BWP/USD in Feb 2025. This records an increase from the previous number of 0.072 BWP/USD for Jan 2025. Foreign Exchange Rate: Bank of Botswana (BOB): Avg: United States Dollar data is updated monthly, averaging 0.125 BWP/USD from Jan 2001 (Median) to Feb 2025, with 290 observations. The data reached an all-time high of 0.231 BWP/USD in Dec 2004 and a record low of 0.072 BWP/USD in Jan 2025. Foreign Exchange Rate: Bank of Botswana (BOB): Avg: United States Dollar data remains active status in CEIC and is reported by Bank of Botswana. The data is categorized under Global Database’s Botswana – Table BW.M005: Foreign Exchange Rate.

Graph and download economic data for Nominal Broad U.S. Dollar Index (DTWEXBGS) from 2006-01-02 to 2025-03-21 about trade-weighted, broad, exchange rate, currency, goods, services, rate, indexes, and USA.

Graph and download economic data for Swedish Kronor to U.S. Dollar Spot Exchange Rate (EXSDUS) from Jan 1971 to May 2025 about Sweden, exchange rate, currency, rate, and USA.

Bahrain Foreign Exchange Rate: US Dollar data was reported at 0.376 USD/BHD in Apr 2025. This stayed constant from the previous number of 0.376 USD/BHD for Mar 2025. Bahrain Foreign Exchange Rate: US Dollar data is updated monthly, averaging 0.376 USD/BHD from Mar 2000 (Median) to Apr 2025, with 302 observations. The data reached an all-time high of 0.376 USD/BHD in Apr 2025 and a record low of 0.376 USD/BHD in Feb 2019. Bahrain Foreign Exchange Rate: US Dollar data remains active status in CEIC and is reported by Central Bank of Bahrain. The data is categorized under Global Database’s Bahrain – Table BH.M009: Foreign Exchange Rates.