Oanda historical rates show just how currency pair exchange rates have fluctuated over time. The company has been listing currency pair exchange rates since 1990, equipping traders with reliable historical data to make well-informed decisions. This article analyzes the historical patterns and trends in currency exchange rates, showing you just how the exchange rates have evolved.
For instance, OANDA’s historical exchange rates indicate that the EUR/USD, one of the major currency pairs in the forex market, has fluctuated by as much as ~65% between 1999 and 2022.
Similarly, the GBP/USD (British Pound to US Dollar), another major currency pair, has experienced fluctuations of up to ~90% between 1990 and 2024.
The performances of EUR/USD(~65% between 1999 and 2022) and GBP/USD ( ~90% between 1990 and 2024) indicate significant volatility in these two major currency pairs over time.
Before we dive into other Oanda historical currency pair exchange rates, let’s talk about Oanda briefly:
What Is Oanda?
It’s a multinational that provides a range of broker services.
The company has been in operation since 1986, serving clients in many regions globally, including Africa, Europe, the Middle East, Asia-Pacific, Latin America, and North America.
Similarly, it has offices in different parts of the world, including:
- London, United Kingdom.
- Warsaw, Poland.
- New York, USA—headquarters.
- Sydney, Australia.
- Toronto, Canada.
Oanda is currently owned by a global private equity firm called “CVC Capital Partners”, and its top leadership structure consists of the following key members:
- Chief Executive Officer—Gavin Bambury.
- Chief Financial Officer—Philip Holemans.
- Chief Operating Officer—Kurt vom Scheidt.
- Chief Human Resources Officer—Suzanne Hyatt.
- Chief Technology Officer—Emmanuel Coulon.
- Chief Transformation Officer—Eoin McCoy.
Notably, the company is approved and regulated by many top-tier regulatory authorities globally, including the:
Comprehensive Oanda Foreign Exchange Rate Historical Data
Here, I’ll delve into the exchange fluctuation rates primarily for major currency pairs over long periods of time. To be precise, I’ll focus on the following currency pairs:
- USD/JPY (US Dollar to Japanese Yen).
- USD/CHF (US Dollar to Swiss Franc).
- USD/CAD (US Dollar to Canadian Dollar).
- EUR/USD (Euro to US Dollar).
- GBP/USD (British Pound to US Dollar).
1. USD/JPY (US Dollar to Japanese Yen)
Oanda introduced this currency pair in its forex trading currency listings in 1990. In that year, the currency pair exchange rate was around 145 JPY. This means that 1 US Dollar was worth approximately 145 Japanese Yen at that time. In 1990, the exchange rate dropped to 80 JPY, and in 2015, it rose to 125 JPY, peaking at 151 JPY between 2022 and 2024.
The Oanda currency exchange historical data for USD/JPY shows that this particular currency pair has experienced significant fluctuations over time.
This means that the USD/JPY is not a good currency to hold for a long period as a forex trader because it can fluctuate significantly, making long-term positions risky and highly unpredictable.
2. USD/CHF (US Dollar to Swiss Franc)
The Oanda historical rates for USD/CHF show that this particular currency pair has experienced notable fluctuations over time. For example, in the 1990s, the exchange rate for 1 USD was 1.50–1.80 CHF.
However, in the early 2000s, it declined to around 1.20–1.50 CHF per USD. It dropped further in 2008 to 1.10 CHF per USD probably due to the Great Recession which occurred in the US between 2007 and 2009.
Further, from 2011 to 2015, it further dropped to between 0.75 CHF and 1.00 CHF per USD. Additionally, in 2022-2024, it remained within the 0.85 and 1.00 CHF per USD range.
As you can see, the Oanda historical rates for USD/CHF show that this currency pair recorded a fluctuation rate of approximately 58.33% over the entire period from the 1990s to 2024. This means the Swiss franc appreciated significantly against the U.S. dollar over time.
3. USD/CAD (US Dollar to Canadian Dollar)
The Oanda historical FX rates show that the average USD/CAD exchange rate in the 1990s was approximately 1.41 CAD per USD and 1.35 CAD per USD in 2024. The historic currency pair exchange fluctuation rate of 4.26% shows that USD/CAD is a less risky currency pair to hold for long-term positions.
4. Oanda Historical Rates for The EUR/USD (Euro to US Dollar) Currency Pair
Based on the Oanda historical rates, the EUR/USD currency pair has recorded an overall fluctuation margin of about 0.77% over the last 2025. This performance reflects the insignificant volatility of this particular currency pair over long durations. For traders who prefer holding long-term positions in currency pairs, this pair can be a safe choice.
5. GBP/USD (British Pound to US Dollar)
According to OANDA’s historical data spanning over 31 years, the GBP/USD currency pair has experienced significant fluctuations over the past three decades. This major currency pair has recorded an overall fluctuation margin of about 42.86% over the past three decades. This means that GBP/USD is not a good currency pair to hold for the long-term as a trader as its exchange rates can drop significantly over time.
Final Thoughts On Oanda Historical Rates
An in-depth analysis of OANDA’s historical currency pair data suggests that most major pairs, particularly those involving the USD, are not ideal for long-term holding. This is because these pairs tend to be highly volatile and may decline in value significantly over time.
In contrast, less popular currency pairs, especially those not involving the dollar, tend to be more stable, experiencing only minor fluctuations over long periods. For traders who prefer holding positions for extended durations, these less volatile pairs may be the better investment choice.
Feel free to use this tool to analyze the Oanda historical rates and make well-informed trading decisions.
Since dollar currency pairs have higher volatility rates, it’s safer to hold minor currency pairs such as EUR/GBP, EUR/AUD, EUR/JPY, EUR/NZD, EUR/CAD, or GBP/JPY. Those who are focused on a stable long-term strategy should mostly focus on these currency pairs.
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