Inflation rates experienced by different groups of consumers within a country vary. This is because the prices of goods and services and the expenditure patterns of consumers differ. The published inflation rate is used for important decisions regarding the preservation of consumer purchasing power. These include the adjustment of social grants and minimum wages by government and the benchmarking of returns by investors when making investment decisions. It is thus vital that inflation is measured accurately to ensure the purchasing power of consumers is preserved. Current measures of inflation published by Stats SA are applicable to typical consumers and are not relevant to each individual. This resource supplements a study that seeks to provide a publicly available model that can be used by consumers to calculate their personal rate of inflation.

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 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 August 27, 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.

Graph and download economic data for Inflation, consumer prices for the United States (FPCPITOTLZGUSA) from 1960 to 2024 about consumer, CPI, inflation, price index, indexes, price, and USA.

The EUR/USD exchange rate rose to 1.1673 on September 5, 2025, up 0.14% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 0.09%, and is up by 5.30% over the last 12 months. Euro US Dollar Exchange Rate - EUR/USD - values, historical data, forecasts and news - updated on September of 2025.

The Consumer Price Index in the United States increased 0.20 percent in July of 2025 over the previous month. This dataset provides - United States Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Measures of monthly UK inflation data including CPIH, CPI and RPI. These tables complement the consumer price inflation time series dataset.

Cost of food in the United States increased 2.90 percent in July of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United States Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

In 2023, the U.S. Consumer Price Index was 309.42, and is projected to increase to 352.27 by 2029. The base period was 1982-84. The monthly CPI for all urban consumers in the U.S. can be accessed here. After a time of high inflation, the U.S. inflation rateis projected fall to two percent by 2027. United States Consumer Price Index ForecastIt is projected that the CPI will continue to rise year over year, reaching 325.6 in 2027. The Consumer Price Index of all urban consumers in previous years was lower, and has risen every year since 1992, except in 2009, when the CPI went from 215.30 in 2008 to 214.54 in 2009. The monthly unadjusted Consumer Price Index was 296.17 for the month of August in 2022. The U.S. CPI measures changes in the price of consumer goods and services purchased by households and is thought to reflect inflation in the U.S. as well as the health of the economy. The U.S. Bureau of Labor Statistics calculates the CPI and defines it as, "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services." The BLS records the price of thousands of goods and services month by month. They consider goods and services within eight main categories: food and beverage, housing, apparel, transportation, medical care, recreation, education, and other goods and services. They aggregate the data collected in order to compare how much it would cost a consumer to buy the same market basket of goods and services within one month or one year compared with the previous month or year. Given that the CPI is used to calculate U.S. inflation, the CPI influences the annual adjustments of many financial institutions in the United States, both private and public. Wages, social security payments, and pensions are all affected by the CPI.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Food at Home in U.S. City Average (CUSR0000SAF11) from Jan 1952 to Jul 2025 about food, urban, consumer, CPI, housing, inflation, price index, indexes, price, and USA.

Currency Converter Apps Market Outlook

The global currency converter apps market size was valued at approximately USD 1.25 billion in 2023 and is projected to reach USD 2.95 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.8% during the forecast period. The growth of this market is significantly fueled by the increasing globalization of businesses and the rising need for efficient currency conversion tools to facilitate international transactions. As more individuals and enterprises engage in cross-border activities, the demand for reliable and feature-rich currency converter applications continues to surge.

One of the key growth factors driving the currency converter apps market is the continuous expansion of international trade and e-commerce. With businesses increasingly entering global markets, the need for accurate real-time currency conversion has become paramount. These applications help businesses manage financial transactions seamlessly across different currencies, reducing the risk of discrepancies and improving financial accuracy. Additionally, the proliferation of digital payment methods has further amplified the demand for currency converter apps, as users seek instant conversion rates to make informed financial decisions.

Another significant driver for the market is the growing number of international travelers. The ease of international travel, combined with the increasing affordability of air travel, has led to a substantial rise in the number of individuals traveling abroad. Currency converter apps provide travelers with real-time exchange rates, enabling them to manage their expenses effectively and avoid the pitfalls of unfavorable conversion rates. The convenience of having such tools readily available on smartphones has made these apps indispensable for travelers.

Moreover, the rapid advancements in mobile technology and the increasing penetration of smartphones are crucial factors contributing to the market's growth. As smartphone usage continues to rise globally, more users are turning to mobile apps for their currency conversion needs. The integration of advanced features such as offline mode, multi-currency support, and real-time exchange rate updates has enhanced the user experience, driving the adoption of these apps among both individuals and businesses.

Regionally, North America is expected to hold a significant share of the currency converter apps market, driven by the high adoption of mobile technology and the presence of major market players. Additionally, the growing trend of international travel and the robust e-commerce infrastructure in the region further bolster the market's growth. Asia Pacific is also anticipated to witness substantial growth, attributed to the increasing smartphone penetration, burgeoning e-commerce sector, and rising disposable incomes in emerging economies.

In the realm of digital solutions, File Conversion Software plays a pivotal role in enhancing the functionality of currency converter apps. These software tools allow users to seamlessly convert various file formats, ensuring compatibility and ease of use across different platforms and devices. For instance, when dealing with financial documents or transaction records, the ability to convert files into universally accepted formats can significantly streamline processes and improve efficiency. As businesses and individuals increasingly rely on digital tools for international transactions, the integration of file conversion capabilities into currency converter apps can provide a comprehensive solution that caters to diverse user needs. This not only enhances the user experience but also broadens the scope of applications for currency converter tools in the global market.

Platform Analysis

The currency converter apps market is segmented by platform into iOS, Android, Windows, and others. The iOS segment is expected to hold a substantial share of the market due to the high adoption rate of Apple devices globally. AppleÂ’s ecosystem, known for its security and seamless user experience, attracts a large number of users, especially in North America and Europe. The App Store offers a multitude of currency converter apps that are regularly updated to provide accurate exchange rates and user-friendly interfaces, which further drives their popularity.

The Android segment is anticipated to witness significant growth during the forecast period. Android's dom

According to Cognitive Market Research, the global Currency Converter App market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031.
The Android systems category is the fastest growing segment of the Currency Converter App industry

Market Dynamics of Currency Converter App Market

Key Drivers for Currency Converter App Market

Rising International Tourism and Travel Business to Boost Market Growth: The expansion of the currency converter app market is mostly due to the increase in international travel and tourism. More tourists are looking for practical ways to manage their cash across many currencies as international travel continues to increase. Real-time conversion rates are provided by currency converter applications, which make it easier for travelers to compute expenses in other nations with speed and accuracy.

Growing E-commerce and Cross-border Transactions to Drive Market Growth: The growth of the Currency Converter App Market is primarily being driven by the expansion of e-commerce and the rise in cross-border transactions. The necessity for precise and instantaneous currency conversion has grown as more customers purchase online from foreign merchants. By comparing costs in their local currency, users of currency converter apps may be sure they are getting the greatest deals while making international transactions.

Key Restraint Factor for the Currency Converter App Market

Exchange Rate Fluctuations Will Limit Market Growth: The Currency Converter App Market is severely constrained by changes in exchange rates. These apps' real-time conversion rates may differ from one another due to the ongoing volatility of the world's currency markets. Users trust currency converters to provide accurate and current information, but sudden fluctuations in exchange rates might cause irregularities that could cause losses in value or undermine the app's dependability.

Privacy and Cybersecurity Risks: Applications for currency conversion that manage users' financial information are susceptible to various risks, including hacking, phishing, and misuse, which may hinder their widespread adoption.

Opportunity for Currency Converter Apps Market

Integration of AI presents valuable market growth opportunity: The growth of the currency converter apps has been significantly and the integration of AI is present key market growth opportunity. The growth of this market is heavily influenced by the increasing tourism and rising disposable income. These factors contributing for the growth of the market is the rising cross border transactions.

Integration with Cryptocurrency and Digital Wallets: Numerous applications are broadening their scope beyond traditional fiat currencies to incorporate cryptocurrency conversions, allowing users to instantly access rates for Bitcoin, Ethereum, and stablecoins.

Impact of Covid-19 on the Currency Converter App Market

The market for currency converter apps was greatly impacted by the COVID-19 pandemic. During the pandemic's peak, there was a significant drop in the demand for currency converter apps due to travel restrictions worldwide and a decrease in foreign tourists. Furthermore, the market was further dampened by decreased cross-border transactions brought on by economic uncertainty and volatile exchange rates. The epidemic hastened the transition to digital solutions, though, as more people shop online and work...

United States US: PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio data was reported at 1.000 % in 2017. This stayed constant from the previous number of 1.000 % for 2016. United States US: PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio data is updated yearly, averaging 1.000 % from Dec 1990 (Median) to 2017, with 28 observations. The data reached an all-time high of 1.000 % in 2017 and a record low of 1.000 % in 2017. United States US: PPP Conversion Factor: to Market Exchange Rate: Price Level Ratio data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Gross Domestic Product: Purchasing Power Parity. Purchasing power parity conversion factor is the number of units of a country's currency required to buy the same amount of goods and services in the domestic market as a U.S. dollar would buy in the United States. The ratio of PPP conversion factor to market exchange rate is the result obtained by dividing the PPP conversion factor by the market exchange rate. The ratio, also referred to as the national price level, makes it possible to compare the cost of the bundle of goods that make up gross domestic product (GDP) across countries. It tells how many dollars are needed to buy a dollar's worth of goods in the country as compared to the United States. PPP conversion factors are based on the 2011 ICP round.; ; World Bank, International Comparison Program database.; ;

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

We present data on whether inviduals can discern conversion-driven price hikes in the situation of simulteneously using two currencies. A sample of 296 subjects are presented with a shopping receipt with prices of individual items in both Euro and Bulgarian leva, as well as the fixed exchange rate between the two currencies; and then asked to state their preference in paying the original or the euro-converted price. However, conversion is imperfect, with the price in Euro being slightly higher (3-8% in different conditions). We also measure their trust in the merchant as well as various demographic and behavioral factors such as age, gender, usage of online media, trust in institutions and others. The dataset can be used to study how populations will react to conversion-induced inflation in countries that change their currency to a new one, such as the prospective Eurozone members. Data was collected in early 2023 among a sample of Sofia University students and amid public discussion and planning about the adoption of the Euro. Key findings indicate that small conversion errors on the upside go unnoticed by individuals, which is a mechanism for generating inflation pressures at the macroeconomic level.

In 2024, the consumer price index (CPI) was 315.61. Data represents U.S. city averages. The monthly inflation rate for the United States can be found here. United States urban Consumer Price Index (CPI) The U.S. Consumer Price Index is a measure of change in the price of consumer goods and services purchased by households. The CPI is defined by the United States Bureau of Labor Statistics as "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services." To calculate the CPI, the Bureau of Labor Statistics considers the price of goods and services from various categories: housing, transportation, apparel, food & beverage, medical care, recreation, education and other/uncategorized. The CPI is a useful measure, as it indicates how the cost of urban living in the United States has changed over time, compared to a base period. CPI is also used to calculate inflation, or change in the purchasing power of money. According to the U.S. Bureau of Labor Statistics, the U.S. urban CPI has been rising steadily since 1992. As of 2023, the CPI was 304.7, up from 233 ten years earlier and up from 184 twenty years earlier. This indicates the extent to which, compared to a base period 1982-1984 = 100, the price of various goods and services has risen.

AZ: DEC Alternative Conversion Factor: per USD data was reported at 1.700 USD/AZN in 2022. This stayed constant from the previous number of 1.700 USD/AZN for 2021. AZ: DEC Alternative Conversion Factor: per USD data is updated yearly, averaging 0.860 USD/AZN from Dec 1990 (Median) to 2022, with 33 observations. The data reached an all-time high of 1.721 USD/AZN in 2017 and a record low of 0.000 USD/AZN in 1990. AZ: DEC Alternative Conversion Factor: per USD data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Azerbaijan – Table AZ.World Bank.WDI: Exchange Rates and Real Effective Exchange Rates. The DEC alternative conversion factor is the underlying annual exchange rate used for the World Bank Atlas method. As a rule, it is the official exchange rate reported in the IMF's International Financial Statistics (line rf). Exceptions arise where further refinements are made by World Bank staff. It is expressed in local currency units per U.S. dollar.;International Monetary Fund, International Financial Statistics, supplemented by World Bank staff estimates.;;In the WDI database, the DEC alternative conversion factor is used to convert data in local currency units (LCU) into U.S. dollars.

Key information about Greece Exchange Rate against USD

• Greece Exchange Rate against USD averaged 0.920 (USD/EUR) in May 2023, compared with 0.912 USD/EUR in the previous month.
• Greece Exchange Rate against USD data is updated monthly, available from Jan 1957 to May 2023.
• The data reached an all-time high of 1.173 in Oct 2000 and a record low of 0.082 in Nov 1973.

CEIC extends history for monthly average Exchange Rate against USD. Federal Reserve Board provides average Exchange Rate against USD. Greece joined the Euro zone on January 1st, 2001 with fixed conversion rate of 1 EUR = 340.75 GRD. Exchange Rate against USD prior to January 2001 is re-calculated using the fixed conversion rate. Exchange Rate against USD prior to April 1981 is sourced from the International Monetary Fund.


Key information about Greece Exchange Rate against USD

• In the latest reports, Greece Short Term Interest Rate: Month End: EURIBOR: 3 Months was reported at -0.573 % pa in Nov 2021.
• Its Long Term Interest Rate (Government Bond Yield: Average: 10 Years) was reported at 3.980 % pa in May 2023.
• The cash rate (Policy Rate: Month End: Main Refinancing Operations) was set at 3.750 % pa in May 2023.

The global Currency Converter Apps market was valued at USD XX million in 2022 and is expected to grow at a CAGR of XX% during the forecast period from 2023 to 2033. The increasing need for real-time currency exchange rates and the rise in international travel and trade are the primary drivers fueling the market growth. The rapid adoption of smartphones and the availability of user-friendly apps have made it easier for users to convert currencies on the go. The market is segmented based on application, type, and region. The commercial users segment is expected to hold a significant market share due to the growing demand for currency conversion in business transactions. Android systems dominate the market due to their widespread adoption, while iOS systems hold a substantial share. North America and Europe are the largest regional markets, followed by the Asia Pacific and Middle East & Africa. Key players in the market include SmartWho, XE, ExtraAndroary, Currency App, JRustonApps, and DigitAlchemy.