The global foreign exchange market to register moderate growth during 2021-2026.
According to IMARC Group’s latest report, titled “Foreign Exchange Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 the global foreign exchange market to register moderate growth during the next five years.
Foreign exchange (FX), or forex, stands for a system that facilitates the transaction of currencies from different countries. It is primarily performed through credit instruments, including bills of foreign currency, bank drafts, telephonic transfers, etc. The fund transfer functions through an electronic network of banks, brokers, financial institutions, and individual traders. Forex also finds extensive applications for transferring funds to support the exchange of various goods and services between nations.
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The rising penetration of digitalization trends in the BFSI sector, along with the increasing number of international tourism activities, is driving the market for foreign exchange. Additionally, the growing awareness towards numerous benefits of foreign exchange pertaining to minimal trading costs, 24×7 trading opportunities, high transactional transparency, and liquidity, etc., is further augmenting the market growth. Besides this, the wide availability of electronic platforms and the provision of improved security mechanisms for trading are also propelling the global market. In the coming years, several technological advancements in foreign exchange solutions providing advanced outright forward and currency options will continue to drive the market growth in the coming years.
Foreign Exchange Market 2021-2026 Analysis and Segmentation:
- Barclays (LON: BARC)
- BNP Paribas (EPA: BNP)
- Citibank (NYSE: C)
- Deutsche Bank (ETR: DBK)
- Goldman Sachs (NYSE: GS)
- HSBC Holdings plc (LON: HSBA)
- JPMorgan Chase & Co.(NYSE: JPM)
- The Royal Bank of Scotland (LON: RBS)
- UBS AG (SWX: UBSG)
- Standard Chartered PLC (LON: STAN)
- State Street Corporation (NYSE: STT)
- XTX Markets Limited
Breakup by Counterparty:
- Reporting Dealers
- Other Financial Institutions
- Non-financial Customers
Breakup by Instruments:
- Currency Swap
- Outright Forward and FX Swaps
- FX Options
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Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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