The DXY exchange rate fell to 96.9910 on July 4, 2025, down 0.19% from the previous session. Over the past month, the United States Dollar has weakened 1.77%, and is down by 7.52% 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 1.1770 on July 4, 2025, up 0.01% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 2.84%, and is up by 8.60% over the last 12 months. Euro US Dollar Exchange Rate - EUR/USD - values, historical data, forecasts and news - updated on July of 2025.

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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,

One dollar was worth about ** Mexican pesos in the middle of 2024, which was stronger than other currencies in LATAM. Among the Latin American currencies shown in this graph, the Colombian peso (COP) was found to experience the greatest nominal change in the indicated period, surpassing the mark of ***** Colombian pesos for every U.S. dollar in June 2024.

The euro and U.S. dollar made up more than ***** of 10 SWIFT payments worldwide in 2025, outperforming many other currencies. This is according to a monthly report meant to track the market share of China's yuan renminbi within the international bank transfer system SWIFT. Although China holds the largest forex reserves in the world, the yuan ranked as the ******-used currency in international payments. The figures concern customer-initiated and institutional payments and exclude trade. Discussions on the potential weakening role of the U.S. dollar especially touch world trade and forex. For example, the share of the USD in forex reserves declined visibly against the euro and Japanese yen in 2024. What sparked this de-dollarization trend, and will it continue? Trade sanctions and de-dollarization De-dollarization in 2024 is mentioned mostly alongside trade and the BRICS countries - an informal name given to Brazil, Russia, India, China, and South Africa. The combined GDP of BRICS is about ** percent of the world's economy. After the start of the Ukraine war and Russia received economic sanctions, the BRICS slowly evolved into a trading bloc. The group increasingly wanted its own currency to settle payments within the trade bloc, to avoid using the U.S. dollar. In August 2024, BRICS will gather in South Africa to discuss the creation of such a new joint currency. Additionally, ** countries - including Argentina, Algeria, Egypt, Saudi Arabia, Turkey, and Yemen - expressed interest in joining the BRICS group. CBDC, or projects into a digital payment settlement A factor of future uncertainty for the U.S. dollar is how central bank digital currencies (CBDC) develop in emerging countries. Several projects exist between individual countries that specifically target cross-border interbank payments. A cooperation between Thailand and Hong Kong, Inthanon-Lionrock, ranks as the most advanced of these projects. CBDC does not require the U.S. dollar to function. Tangible such as commodities or gold can back them. The value of transactions processed with CBDC is to grow by ******* percent between 2024 and 2030.

The USD/BRL exchange rate rose to 5.4212 on July 4, 2025, up 0.21% from the previous session. Over the past month, the Brazilian Real has strengthened 2.99%, and is up by 0.68% over the last 12 months. Brazilian Real - values, historical data, forecasts and news - updated on July of 2025.

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.

The USD/RUB exchange rate fell to 78.7495 on July 4, 2025, down 0.41% from the previous session. Over the past month, the Russian Ruble has weakened 1.94%, but it's up by 10.51% over the last 12 months. Russian Ruble - values, historical data, forecasts and news - updated on July of 2025.

The USD/INR exchange rate rose to 85.4970 on July 4, 2025, up 0.10% from the previous session. Over the past month, the Indian Rupee has strengthened 0.42%, but it's down by 2.43% over the last 12 months. Indian Rupee - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for Currency in Circulation (CURRCIR) from Aug 1917 to Jun 2025 about currency 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 1.17 USD recorded at the end of June 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. Establishment The 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 USD Between 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.

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. Frequent travelers will find these apps especially helpful as they help them manage fluctuating exchange rates and make well-informed purchase selections. The need for these apps has also been increased by the growing trend of remote work and digital nomadism since more people live and work abroad and need dependable currency conversion tools to handle their foreign financial transactions effectively.

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. These apps help businesses manage their pricing strategies and financial planning across several regions. Furthermore, the growth of online marketplaces and digital payment systems has increased accessibility to cross-border buying, which has increased the need for trustworthy currency conversion tools. This pattern is anticipated to persist as global e-commerce expands, driving up the need for currency converter applications.

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. Complicating matters further, app developers have to constantly update their systems to reflect the updates in the market, which makes it difficult to retain timely and accurate data across numerous currencies. In addition to limiting their acceptance and slowing market growth, this volatility may discourage users from depending exclusively on these applications when making important financial decisions.

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 fo...

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 1.13 USD recorded at the end of May 2, 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. Establishment The 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 USD Between 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.

The global foreign exchange market size was valued at USD 861 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 1,535 Billion by 2033, exhibiting a CAGR of 6.64% from 2025-2033. North America currently dominates the market, holding a significant share of 25.8% in 2024. The dominance is attributed to the rising integration of modern technology in trading platforms, the globalization of businesses resulting in the consequent need for currency exchange services, and the growing influence of various economic factors such as inflation, interest rates, and GDP growth.

IMARC Group provides an analysis of the key trends in each segment of the global foreign exchange market, along with forecast at the global, regional, and country levels from 2025-2033. The market has been categorized based on counterparty and type.

According to Cognitive Market Research, the global digital currency market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

North America held the major market of 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 4.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD XX million.
Asia Pacific held the market 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 8.0% from 2024 to 2031.
Latin America market 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 5.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% 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 5.7% from 2024 to 2031.
The mining category held the highest digital currency market revenue share in 2024.

Market Dynamics of Digital Currency Market

Key Drivers of Digital Currency Market

Growing Volumes of Currency and Investors to Increase the Demand Globally

With the fastest rate of adaption, Bitcoin is among the most widely used currencies. Flexibility, supportive laws, and rising public interest all contribute to the market's expansion. Additionally, facilities that accept bitcoin for transactions and rising bitcoin value both contribute to the market's expansion. In the banking and financial industries, the primary concerns are financial ones. The depreciation of this currency is one way in which these financial issues impact the economy. Cryptocurrencies like Bitcoin and others are utilized for worldwide balancing and have no financial catastrophes. In areas with weak economic structures, cryptocurrency is the greatest choice for financial items, which promotes the expansion of the global market. The interest in digital currency among people in many different nations is expected to fuel the market's growth in the upcoming years.

Growing Interest in Digital Currency to Propel Market Growth

Another factor driving the digital currency sector is the expansion of sophisticated technology and software in many emerging economies. The need to improve the currency market in every country is being driven by the quickly growing senior population, the rise in web applications, the rapid expansion, and individual awareness among people. Because of the digital currency's ease of use and rising market value, a large number of market participants are investing in it and growing their holdings as a result of the market's growth. The numerous uses of digital money in buying, selling, and sorting contribute to increased investment in this digital current, which is anticipated to present market expansion prospects.

Restraint Factors Of Digital Currency Market

Unofficial and Decentralized Changing Platforms to Limit the Sales

Digital currencies are unrestricted, uncontrolled, and decentralized platforms for trading. Currency users have been complaining a lot about money laundering, currency misuse, and money loss. The digital currency is always fluctuating, occasionally indicating an increase or decrease in the exchange rate that impacts investors' capital. Treasury Secretary Steven Mnuchin expresses his apprehension regarding the Libra currency on Facebook. Investors using the digital currency Libra are not adequately protected during transactions. The currency rate, which influences the currency used for investment, is easily hacked by many cyberattacks. The main thing preventing this sector from growing is the misuse of digital currency and security concerns.

Impact of Covid-19 on the Digital Currency Market

There have been several effects of COVID-19 on the market for digital currencies. The pandemic caused a global economic crisis, which resulted in a general sell-off throughout financial markets, including cryptocurrency markets, which caused a huge initial decline. However, institutional investors looking for alternative assets showed more interest in cryptocurrencies like Bitcoin because they perceived them as a possible hedge against traditional market volatility. All things considered, CO...

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

Graph and download economic data for Nominal Emerging Market Economies U.S. Dollar Index (TWEXEMEGSMTH) from Jan 2006 to May 2025 about trade-weighted, emerging markets, exchange rate, currency, goods, services, rate, indexes, and USA.

The USD/MXN exchange rate fell to 18.6255 on July 4, 2025, down 0.12% from the previous session. Over the past month, the Mexican Peso has strengthened 2.78%, but it's down by 2.94% over the last 12 months. Mexican Peso - values, historical data, forecasts and news - updated on July of 2025.