Foreign Exchange Market Share, Size, Trends | Forecast 2027 According to IMARC Group’s latest report, titled “Foreign Exchange Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, Offers a comprehensive analysis of the industry, which comprises insights on foreign exchange market share.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The global foreign exchange market reached a value of US$ 702 Billion in 2021.
Foreign exchange, alternatively known as forex, represents the systematic conversion of one currency into another at a specific rate through an electronic network of brokers, banks, individual traders, and other financial institutions. It can be segmented into numerous types, including currency swap, outright forward and FX swaps, and other FX options. These foreign exchange models allow fund transfers by using various credit instruments, such as foreign currency bills, bank drafts, telephonic transfers, etc., optimize the flow of money obtained from international trade, and promote the trade of goods and services among several countries. Consequently, they are extensively utilized by international travelers, manufacturers, exporters, and importers across the globe.
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Market Trends
The increasing international trade activities and the growing need for high liquidity, vast trading volume, transactional transparency, minimal trading costs, etc., are primarily driving the foreign exchange market. Additionally, the emerging trend of digitization and the development of cutting-edge electronics and multiple internet-based platforms that facilitate the convenient exchange of currencies between countries and ensure the delivery of goods and services in a centralized and secure setting are acting as significant growth-inducing factors. Besides this, the launch of automated conversion systems that provide enhanced flexibility and convenience during currency exchanges is also positively influencing the global market. Moreover, the rising focus among numerous leading organizations towards developing the overall infrastructure to offer improved security solutions for trading is anticipated to propel the foreign exchange market in the coming years. Looking forward, IMARC Group expects the market to reach US$ 1,066.8 Billion by 2027, exhibiting a CAGR of 7.3% during 2022-2027.
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List of Key Companies Covered in this Market Report:
- Barclays
- BNP Paribas
- Citibank
- Deutsche Bank
- Goldman Sachs
- HSBC Holdings plc
- JPMorgan Chase & Co.
- The Royal Bank of Scotland
- UBS AG
- Standard Chartered PLC
- State Street Corporation
- XTX Markets Limited
The report has segmented the market on the basis of counterparty, instruments and geography.
Breakup by Counterparty:
- Reporting Dealers
- Other Financial Institutions
- Non-financial Customers
Breakup by Instruments:
- Currency Swap
- Outright Forward and FX Swaps
- FX Options
Breakup by Geography:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- 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 can provide it to you as a part of the customization.
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