Foreign Exchange Market Size, Industry Trends, Share, Growth and Report 2024-2032

Author : Mohit Gupta | Published On : 13 Dec 2023

The latest report by IMARC Group, titled "Foreign Exchange Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032". The global foreign exchange market size reached US$ 805 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,466 Billion by 2032, exhibiting a growth rate (CAGR) of 6.92% during 2024-2032.

Foreign exchange, commonly referred to as Forex or FX, is the global marketplace where currencies are traded against each other. It serves as a decentralized market where participants, including governments, financial institutions, corporations, and individual investors, engage in buying and selling different currencies based on their relative values. The primary purpose of the foreign exchange market is to facilitate international trade and investment by allowing entities to exchange one currency for another. Foreign exchange transactions play a pivotal role in the global economy, enabling businesses to conduct cross-border trade, manage currency risk, and facilitate international expansion. The foreign exchange market operates 24 hours a day, five days a week, across different time zones, ensuring continuous trading and accessibility for participants worldwide.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/foreign-exchange-market/requestsample

Foreign Exchange Market Trends and Drivers:

Macroeconomic indicators such as gross domestic product (GDP), inflation rates, and unemployment figures directly impact a country's currency value. Strong economic performance typically leads to a stronger currency, while weaker economic indicators can result in currency depreciation. Additionally, political stability and geopolitical events can create uncertainty and impact investor confidence. Political turmoil or conflict can lead to currency depreciation as investors seek safer assets. Other than this, the trade balance of a country, which measures the difference between exports and imports, affects its currency value. Surpluses indicate strong demand for the domestic currency, while deficits can lead to depreciation. Moreover, investor sentiment and market perceptions can drive short-term currency movements. Events like unexpected election outcomes or market rumors can trigger volatility.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Counterparty:

Reporting Dealers
Other Financial Institutions
Non-financial Customers

Breakup by Type:

Currency Swap
Outright Forward and FX Swaps
FX Options

Breakup by Region:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Competitors Landscape with Key Players:

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

Note: 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.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

USA: +1-631-791-1145 | Asia: +91-120-433-0800

Email: sales@imarcgroup.com