2021-26 Foreign Exchange Market Report, Industry Analysis, Share, Size, Trends and Future Scope – Stillwater Current

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The global forex market is expected to grow at a CAGR of 7.5% during the period 2021-2026. Looking ahead, the market is expected to continue to grow moderately over the next five years, according to the latest report from IMARC Group.

Foreign exchange (forex) refers to the systematic process of converting currency from one nation to another. It also supports the exchange of various goods and services between multiple countries using credit instruments such as foreign currency bills, bank drafts and wire transfers. The forex market consists of an electronic network of banks, brokers, institutions and individual traders. Over the years, the forex market has grown in importance because it facilitates the flow of money from international trade.

Note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.

Get a PDF sample for more detailed market information: https://www.imarcgroup.com/foreign-exchange-market/requestsample

Global Forex Market Trends:

The global forex market is primarily driven by the confluence of various factors, including rapid urbanization, changing lifestyles and inflation in the income levels of individuals. In addition, a significant increase in global tourism has positively influenced the demand for foreign currencies. This is further supported by the many advantages of forex, including high liquidity and transaction transparency, minimal trading costs, 24/7 trading opportunities and large trading volume. The forex market also attracts international traders by offering various lucrative opportunities and initial profits. In addition, rapid digitization and technological advancements are expected to contribute to the growth of the market. For example, the advent of multiple Internet platforms provides convenience when trading currencies and ensures the delivery of goods and services in a secure and centralized environment. In addition, several companies are investing in the development of the global infrastructure in order to provide improved security solutions for commerce, thereby promoting the growth of the market.

Market summary:

  • On the basis of the counterparty, the market has been divided into reporting brokers, other financial institutions and non-financial clients. Of these, reporting resellers account for the majority of the overall market share.
  • On the basis of the type, the market has been classified into currency swaps, forward swaps and currency swaps, and currency options. Currently, currency swaps hold the main market share.
  • Geographically, North America (United States and Canada) shows clear market dominance. Other major regions include Europe (Germany, France, UK, Italy, Spain, Russia and others), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), l Latin America (Brazil, Mexico and others), and the Middle East and Africa.

Competitive landscape:

The report also analyzed the competitive landscape of the market with some of the best currency exchange companies being 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, etc.

For more information on this report, visit: http://bit.ly/2VK0JtK

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The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.

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