The EUR/USD exchange rate rose to 1.1618 on October 10, 2025, up 0.46% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has weakened 0.98%, but it's up by 6.24% over the last 12 months. Euro US Dollar Exchange Rate - EUR/USD - values, historical data, forecasts and news - updated on October of 2025.

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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 DXY exchange rate fell to 98.8474 on October 10, 2025, down 0.69% from the previous session. Over the past month, the United States Dollar has strengthened 1.35%, but it's down by 3.95% over the last 12 months. United States Dollar - values, historical data, forecasts and news - updated on October of 2025.

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.

Sweden NIER Forecast: Exchange Rate: US Dollar data was reported at 7.500 SEK/USD in 2028. This records a decrease from the previous number of 7.600 SEK/USD for 2027. Sweden NIER Forecast: Exchange Rate: US Dollar data is updated yearly, averaging 7.400 SEK/USD from Dec 1971 (Median) to 2028, with 58 observations. The data reached an all-time high of 10.300 SEK/USD in 2001 and a record low of 4.200 SEK/USD in 1980. Sweden NIER Forecast: Exchange Rate: US Dollar data remains active status in CEIC and is reported by National Institute of Economic Research. The data is categorized under Global Database’s Sweden – Table SE.M020: Foreign Exchange Rate: Forecast: National Institute of Economic Research.

Between 2025 and 2029, the U.S. dollar to Polish zloty exchange rate in Poland is expected to remain stable at ****** zloty per one U.S. dollar.

BMF Forecast: Foreign Exchange Rate: US Dollar: Annual Average data was reported at 1.100 USD/EUR in 2027. This stayed constant from the previous number of 1.100 USD/EUR for 2026. BMF Forecast: Foreign Exchange Rate: US Dollar: Annual Average data is updated yearly, averaging 1.100 USD/EUR from Dec 2016 (Median) to 2027, with 12 observations. The data reached an all-time high of 1.200 USD/EUR in 2022 and a record low of 1.100 USD/EUR in 2027. BMF Forecast: Foreign Exchange Rate: US Dollar: Annual Average data remains active status in CEIC and is reported by Federal Ministry of Finance. The data is categorized under Global Database’s Austria – Table AT.M007: Foreign Exchange Rate: US Dollar: Forecast.

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 October 9, 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.

View the live USD/MXN rate, historical performance, and forecasts for the Mexican Peso. Stay up to date with charts, data, and analysis from Trading Economics.

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.

The USD/TWD exchange rate rose to 30.7020 on October 10, 2025, up 0.35% from the previous session. Over the past month, the Taiwanese Dollar has weakened 1.31%, but it's up by 4.50% over the last 12 months. Taiwanese Dollar - values, historical data, forecasts and news - updated on October of 2025.

The USD/BRL exchange rate rose to 5.5279 on October 10, 2025, up 2.95% from the previous session. Over the past month, the Brazilian Real has weakened 2.56%, but it's up by 1.49% over the last 12 months. Brazilian Real - values, historical data, forecasts and news - updated on October of 2025.

The USD/VND exchange rate fell to 26,340.0000 on October 10, 2025, down 0.03% from the previous session. Over the past month, the Vietnamese Dong has strengthened 0.24%, but it's down by 6.19% over the last 12 months. Vietnamese Dong - values, historical data, forecasts and news - updated on October of 2025.

The AUD/USD exchange rate fell to 0.6474 on October 10, 2025, down 1.25% from the previous session. Over the past month, the Australian Dollar has weakened 2.87%, and is down by 4.07% over the last 12 months. Australian 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.

The USD/CAD exchange rate fell to 1.4008 on October 10, 2025, down 0.08% from the previous session. Over the past month, the Canadian Dollar has weakened 1.25%, and is down by 1.78% over the last 12 months. Canadian Dollar - values, historical data, forecasts and news - updated on October of 2025.

The global foreign exchange market was valued at USD 0.93 Trillion in 2024 and is expected to reach USD 1.16 Trillion by 2030 with a CAGR of 3.8% during the forecast period.

Graph and download economic data for Canadian Dollars to U.S. Dollar Spot Exchange Rate (DEXCAUS) from 1971-01-04 to 2025-10-03 about Canada, exchange rate, currency, rate, and USA.

Russia MED Forecast: Foreign Exchange Rate: Year Average: US Dollar: Target data was reported at 67.397 RUB/USD in 2020. This records an increase from the previous number of 65.974 RUB/USD for 2019. Russia MED Forecast: Foreign Exchange Rate: Year Average: US Dollar: Target data is updated yearly, averaging 64.239 RUB/USD from Dec 2016 (Median) to 2020, with 5 observations. The data reached an all-time high of 67.397 RUB/USD in 2020 and a record low of 58.014 RUB/USD in 2017. Russia MED Forecast: Foreign Exchange Rate: Year Average: US Dollar: Target 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 official currency of Puerto Rico is the US Dollar. This dataset displays a chart with historical values for the US Dollar Index. United States Dollar - values, historical data, forecasts and news - updated on October of 2025.