Russia MED Forecast: Foreign Exchange Rate: Year Average: US Dollar: Baseline Scenario data was reported at 75.156 RUB/USD in 2036. This records an increase from the previous number of 74.739 RUB/USD for 2035. Russia MED Forecast: Foreign Exchange Rate: Year Average: US Dollar: Baseline Scenario data is updated yearly, averaging 69.636 RUB/USD from Dec 2016 (Median) to 2036, with 21 observations. The data reached an all-time high of 75.156 RUB/USD in 2036 and a record low of 58.335 RUB/USD in 2017. Russia MED Forecast: Foreign Exchange Rate: Year Average: US Dollar: Baseline Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.ME002: Foreign Exchange Rate: Year Average: US Dollar: Forecast: Ministry of Economic Development.

The USD/CAD exchange rate fell to 1.4036 on October 15, 2025, down 0.07% from the previous session. Over the past month, the Canadian Dollar has weakened 2.15%, and is down by 2.03% over the last 12 months. Canadian Dollar - values, historical data, forecasts and news - updated on October 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.

Luxembourg STATEC Forecast: Foreign Exchange Rate: US Dollar data was reported at 1.180 USD/EUR in 2018. This records an increase from the previous number of 1.130 USD/EUR for 2017. Luxembourg STATEC Forecast: Foreign Exchange Rate: US Dollar data is updated yearly, averaging 1.155 USD/EUR from Dec 2017 (Median) to 2018, with 2 observations. The data reached an all-time high of 1.180 USD/EUR in 2018 and a record low of 1.130 USD/EUR in 2017. Luxembourg STATEC Forecast: Foreign Exchange Rate: US Dollar data remains active status in CEIC and is reported by The Portal of Statistics of Luxembourg. The data is categorized under Global Database’s Luxembourg – Table LU.M009: Foreign Exchange Rate: Forecast: The Portal of Statistics of Luxembourg.

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Foreign Exchange Market Size 2025-2029

The foreign exchange market size is valued to increase by USD 582 billion, at a CAGR of 10.6% from 2024 to 2029. Growing urbanization and digitalization will drive the foreign exchange market.

Major Market Trends & Insights

Europe dominated the market and accounted for a 47% growth during the forecast period.
By Type - Reporting dealers segment was valued at USD 278.60 billion in 2023
By Trade Finance Instruments - Currency swaps segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 118.14 billion
Market Future Opportunities: USD 582.00 billion
CAGR from 2024 to 2029 : 10.6%

Market Summary

The market, a dynamic and intricate web of financial transactions, plays a pivotal role in facilitating global trade and economic interactions. Its primary function is to enable the conversion of one currency into another, thereby mitigating the risk of currency fluctuations for businesses and investors. Key drivers of this market include growing urbanization and digitalization, which have expanded trading opportunities to a 24x7 global economy. However, the uncertainty of future exchange rates poses a significant challenge, necessitating effective risk management strategies. The market's evolution reflects the increasing interconnectedness of the global economy. Transactions occur in a decentralized, over-the-counter system, with major trading centers in London, New York, and Tokyo.
Participants include commercial banks, investment banks, hedge funds, and individual investors, all seeking to capitalize on price differences between currencies. Trends shaping the market include the increasing use of automation and artificial intelligence to analyze market data and execute trades. Regulatory changes, such as the introduction of stricter capital requirements, also impact the market's functioning. Looking ahead, the market is expected to remain a vital component of the global financial landscape, with continued growth driven by increased trade and economic interdependence. However, challenges, such as regulatory changes and geopolitical risks, will necessitate adaptability and innovation from market participants.

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

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How is the Foreign Exchange Market 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, a dynamic and ever-evolving financial landscape, is characterized by constant activity and intricate patterns. Participants engage in various trading strategies, employing advanced tools such as stop-loss and take-profit orders on forex trading platforms. Real-time data feeds and order book dynamics facilitate trade execution speed, while market microstructure and slippage minimization techniques ensure efficient transactions. Currency correlation analysis and transaction cost analysis are integral to informed decision-making, with backtesting methodologies providing valuable insights. Currency forwards contracts, position sizing techniques, and forex derivatives pricing are essential components of risk management systems. Carry trade strategies, hedging strategies, and interest rate parity are popular tactics employed by market participants.

Algorithmic trading strategies, driven by options pricing models and trading algorithms' efficiency, significantly influence price discovery mechanisms. High-frequency trading and volatility modeling contribute to the market's liquidity risk management, while foreign exchange swaps and currency option valuation help manage risk. The market's complexities necessitate sophisticated risk management systems and intricate order routing optimization. Global payments systems facilitate the smooth transfer of funds, and liquidity risk management remains a critical concern for market participants. According to recent studies, The market is estimated to account for approximately USD6 trillion in daily trading volume, und

The AUD/USD exchange rate fell to 0.6498 on October 16, 2025, down 0.23% from the previous session. Over the past month, the Australian Dollar has weakened 2.32%, and is down by 3.01% over the last 12 months. Australian Dollar - values, historical data, forecasts and news - updated on October of 2025.

Graph and download economic data for Canadian Dollars to U.S. Dollar Spot Exchange Rate (EXCAUS) from Jan 1971 to Sep 2025 about Canada, exchange rate, currency, rate, and USA.

Money Supply M0 in the United States decreased to 5686400 USD Million in August from 5740300 USD Million in July of 2025. This dataset provides - United States Money Supply M0 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Mexico BDM Forecast: Exchange Rate against US$: Average: Plus 2 Years data was reported at 20.780 MXN/USD in Mar 2019. This records a decrease from the previous number of 20.890 MXN/USD for Feb 2019. Mexico BDM Forecast: Exchange Rate against US$: Average: Plus 2 Years data is updated monthly, averaging 18.475 MXN/USD from Nov 2001 (Median) to Mar 2019, with 52 observations. The data reached an all-time high of 21.050 MXN/USD in Dec 2016 and a record low of 10.360 MXN/USD in Dec 2001. Mexico BDM Forecast: Exchange Rate against US$: Average: Plus 2 Years data remains active status in CEIC and is reported by Bank of Mexico. The data is categorized under Global Database’s Mexico – Table MX.M006: Foreign Exchange Rates: Forecast.

The euro and U.S. dollar made up more than ***** of 10 SWIFT payments worldwide in August 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 gathered 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.

One United States dollar was worth over ******** Indonesian rupiah in August 2025, 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.

This dataset contains the predicted prices of the asset Good Game US Dollar over the next 16 years. This data is calculated initially using a default 5 percent annual growth rate, and after page load, it features a sliding scale component where the user can then further adjust the growth rate to their own positive or negative projections. The maximum positive adjustable growth rate is 100 percent, and the minimum adjustable growth rate is -100 percent.

The USD/VND exchange rate fell to 26,338.0000 on October 16, 2025, down 0.01% from the previous session. Over the past month, the Vietnamese Dong has strengthened 0.14%, but it's down by 4.60% over the last 12 months. Vietnamese Dong - values, historical data, forecasts and news - updated on October of 2025.

This dataset contains the predicted prices of U.S. Dollar Tokenized Currency (Ondo) for the upcoming years based on user-defined projections.

Russia MED Forecast: FX Rate: Annual Average: US Dollar: Baseline Scenario data was reported at 92.278 USD/RUB in 2026. This records an increase from the previous number of 91.129 USD/RUB for 2025. Russia MED Forecast: FX Rate: Annual Average: US Dollar: Baseline Scenario data is updated yearly, averaging 85.221 USD/RUB from Dec 2020 (Median) to 2026, with 7 observations. The data reached an all-time high of 92.278 USD/RUB in 2026 and a record low of 67.456 USD/RUB in 2022. Russia MED Forecast: FX Rate: Annual Average: US Dollar: Baseline Scenario data remains active status in CEIC and is reported by Ministry of Economic Development of the Russian Federation. The data is categorized under Global Database’s Russian Federation – Table RU.MF002: Foreign Exchange Rate: Year Average: US Dollar: Forecast: Ministry of Economic Development.

The Gross Domestic Product (GDP) in the United States was worth 29184.89 billion US dollars in 2024, according to official data from the World Bank. The GDP value of the United States represents 27.49 percent of the world economy. This dataset provides - United States GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The USD/EGP exchange rate fell to 47.5800 on October 16, 2025, down 0.04% from the previous session. Over the past month, the Egyptian Pound has strengthened 1.16%, and is up by 2.06% over the last 12 months. Egyptian Pound - values, historical data, forecasts and news - updated on October of 2025.

This dataset contains the predicted prices of the asset Dollar over the next 16 years. This data is calculated initially using a default 5 percent annual growth rate, and after page load, it features a sliding scale component where the user can then further adjust the growth rate to their own positive or negative projections. The maximum positive adjustable growth rate is 100 percent, and the minimum adjustable growth rate is -100 percent.

Canada CA: Purchasing Power Parity: National Currency per USD data was reported at 1.178 USD/CAD in Dec 2026. This records a decrease from the previous number of 1.178 USD/CAD for Sep 2026. Canada CA: Purchasing Power Parity: National Currency per USD data is updated quarterly, averaging 1.193 USD/CAD from Mar 1961 (Median) to Dec 2026, with 264 observations. The data reached an all-time high of 1.254 USD/CAD in Sep 2015 and a record low of 0.878 USD/CAD in Mar 1962. Canada CA: Purchasing Power Parity: National Currency per USD 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 Canada – Table CA.OECD.EO: Exchange Rate: Forecast: OECD Member: Quarterly. PPP - Purchasing power parity, national currency per USD

Graph and download economic data for Canadian Dollars to U.S. Dollar Spot Exchange Rate (AEXCAUS) from 1971 to 2024 about Canada, exchange rate, currency, rate, and USA.