The DXY exchange rate fell to 98.8010 on July 30, 2025, down 0.13% from the previous session. Over the past month, the United States Dollar has strengthened 2.05%, but it's down by 5.05% over the last 12 months. United States Dollar - values, historical data, forecasts and news - updated on July of 2025.

A graphic that displays the dollar performance against other currencies reveals that economic developments had mixed results on currency exchanges. The third quarter of 2023 marked a period of disinflation in the euro area, while China's projected growth was projected to go up. The United States economy was said to have a relatively strong performance in Q3 2023, although growing capital market interest rate and the resumption of student loan repayments might dampen this growth at the end of 2023. A relatively weak Japanese yen Q3 2023 saw pressure from investors towards Japanese authorities on how they would respond to the situation surrounding the Japanese yen. The USD/JPY rate was close to ***, whereas analysts suspected it should be around ** given the country's purchase power parity. The main reason for this disparity is said to be the differences in central bank interest rates between the United States, the euro area, and Japan. Any future aggressive changes from, especially the U.S. Fed might lower those differences. Financial markets responded somewhat disappoint when Japan did not announce major plans to tackle the situation. Potential rent decreases in 2024 Central bank rates peak in 2023, although it is expected that some of these will decline in early 2024. That said, analysts expect overall policies will remain restrictive. For example, the Bank of England's interest rate remained unchanged at **** percent in Q3 2023. It is believed the United Kingdom's central bank will ease its interest rate in 2024 but less than either the U.S. Fed or the European Central Bank. This should be a positive development for the pound compared to either the euro or the dollar.

The EUR/USD exchange rate rose to 1.1564 on July 30, 2025, up 0.12% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 2.04%, but it's up by 6.84% over the last 12 months. Euro US Dollar Exchange Rate - EUR/USD - values, historical data, forecasts and news - updated on July of 2025.

The US dollar index of February 2025 was higher than it was in 2024, although below the peak in late 2022. This reveals itself in a historical graphic on the past 50 years, measuring the relative strength of the U.S. dollar. This metric is different from other FX graphics that compare the U.S. dollar against other currencies. By July 15, 2025, the DXY index was around 98.01 points. The history of the DXY Index The index shown here – often referred to with the code DXY, or USDX – measures the value of the U.S. dollar compared to a basket of six other foreign currencies. This basket includes the euro, the Swiss franc, the Japanese yen, the Canadian dollar, the British pound, and the Swedish króna. The index was created in 1973, after the arrival of the petrodollar and the dissolution of the Bretton Woods Agreement. Today, most of these currencies remain connected to the United States' largest trade partners. The relevance of the DXY Index The index focuses on trade and the strength of the U.S. dollar against specific currencies. It less on inflation or devaluation, which is measured in alternative metrics like the Big Mac Index. Indeed, as the methodology behind the DXY Index has only been updated once – when the euro arrived in 1999 – some argue this composition is not accurate to the current state of the world. The price development of the U.S. dollar affects many things, including commodity prices in general.

Graph and download economic data for Nominal Broad U.S. Dollar Index (DTWEXBGS) from 2006-01-02 to 2025-07-25 about trade-weighted, broad, exchange rate, currency, goods, services, rate, indexes, and USA.

The euro-to-dollar exchange rate fluctuated significantly in 2022, reaching its lowest recorded value since 2008 during that time. Figures were different later in the year, however, with a rate of 1.16 USD recorded at the end of July 29, 2025. The average (standardized) measure is based on the calculation of many observations throughout the period in question. It is therefore different from an annual measure at a point, which reflects concrete values as of 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 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 USDBetween 2001 and 2008, the average annual exchange rate of the euro to the U.S. dollar noted a steep increase. In 2008, the euro to U.S. dollar annual average exchange rate was equal to 1.47, which meant that one euro could buy 1.47 U.S. dollars. By 2019, this value had decreased overall, to a value of 1.12 which meant that one euro could buy 1.12 U.S. dollars. Similar dynamics in the euro to U.S. dollar exchange rate were also reflected in the monthly exchange rate recently.

One United States dollar was worth over ****** Indonesian rupiah in May 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 ten biggest forex currencies only contains the Korean won and the Japanese yen.

Prices for DXY Dollar Index including live quotes, historical charts and news. DXY Dollar Index was last updated by Trading Economics this July 31 of 2025.

Interactive historical chart showing the daily Euro - U.S. Dollar (EURUSD) exchange rate back to 1999.

The USD/TWD exchange rate rose to 29.9380 on July 31, 2025, up 0.23% from the previous session. Over the past month, the Taiwanese Dollar has weakened 2.17%, but it's up by 8.52% over the last 12 months. Taiwanese Dollar - values, historical data, forecasts and news - updated on July of 2025.

This report analyses the exchange rate between the Great British pound (GBP) sterling and the US dollar (USD). Figures are quoted in terms of USD ($) per GBP (£), meaning that a rise in the figure represents a stronger comparative pound. The data is sourced from the Bank of England (BoE) in addition to estimates by IBISWorld, with reference to the conditioning assumptions for the sterling effective exchange rate published by the Office for Budget Responsibility (OBR). The figures represent annual averages for each financial year (i.e., April through March). The spot price of the pound sterling in US dollars is determined by the supply and demand of the two currencies, which is in turn predominantly affected by the relative performance of the two economies and differences is monetary policy (i.e., interest rates) and inflation rates. The GBP/USD currency pair is one of the most frequently traded on global foreign exchange markets and, like all money markets, can be relatively volatile. The US dollar is also seen as a "safe-haven" currency, which can also have a significant bearing on the way it trades against other currencies on the global market.

Graph and download economic data for Brazilian Reals to U.S. Dollar Spot Exchange Rate (EXBZUS) from Jan 1995 to Jun 2025 about Brazil, exchange rate, currency, rate, and USA.

Prices for USDJPY US Dollar Japanese Yen including live quotes, historical charts and news. USDJPY US Dollar Japanese Yen was last updated by Trading Economics this July 31 of 2025.

The USD/BRL exchange rate rose to 5.5770 on July 30, 2025, up 0.05% from the previous session. Over the past month, the Brazilian Real has weakened 2.18%, but it's up by 1.44% over the last 12 months. Brazilian Real - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for Chinese Yuan Renminbi to U.S. Dollar Spot Exchange Rate (EXCHUS) from Jan 1981 to Jun 2025 about China, exchange rate, currency, rate, and USA.

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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,

The price of one euro reached approximately 102.16 Russian rubles on average in May 2025, having marked a decrease compared to the previous month. The exchange rate of the U.S. dollar to the Russian ruble also declined relative to April 2025.

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

The USD/TRY exchange rate rose to 40.5928 on July 31, 2025, up 0.09% from the previous session. Over the past month, the Turkish Lira has weakened 2.00%, and is down by 22.39% over the last 12 months. Turkish Lira - values, historical data, forecasts and news - updated on July of 2025.

Data on USD to NGN exchange rate