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Global Foreign Exchange Market to Reach US$ 1,066.8 Billion by 2027, Bolstered by Growing International Trading Activities

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Foreign Exchange Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global foreign exchange market reached a value of US$ 702.0 Billion in 2021. 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. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are mentioned in the report as a major market contributor.

Foreign exchange (FX), also known as forex, refers to the systematic conversion of one currency into another at a specific forex rate. It functions through an electronic network of brokers, individual traders, banks, and other financial institutions. It allows fund transfers by utilizing various credit instruments, including foreign currency bills, telephonic transfers, and bank drafts. It also facilitates the flow of money obtained from international trade and promotes the trade of goods and services among different countries. As it is an easily accessible financial market, its participants range from tourists and amateur traders to large financial institutions and multinational corporations (MNCs).

 

 
 

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Foreign Exchange Market Trends:

Rapid urbanization and inflating disposable income levels of individuals are among the key factors positively influencing the market. In line with this, a significant increase in international trade activities is catalyzing the demand for FX as it provides numerous benefits, such as minimal trading costs, high liquidity and transactional transparency, 24x7 trading opportunities, and vast trading volume. Besides this, the rising trend of digitization and the introduction of outright forward and currency options are contributing to market growth. Additionally, the development of advanced electronics and multiple internet-based platforms that allow users to exchange currencies conveniently between countries while ensuring the delivery of goods and services in a secure and centralized setting is creating a favorable market outlook. Along with this, the launch of automated conversion systems that offer improved flexibility and convenience during currency exchanges is driving the market. Furthermore, organizations are focusing on developing the overall infrastructure to provide improved security solutions for trading, which is propelling market growth.

Key Market Segmentation

IMARC Group provides a detailed analysis of the key trends in each sub-segment of the global foreign exchange market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on the counterparty and type.

Breakup by Counterparty:

 

 
 

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  • Reporting Dealers
  • Other Financial Institutions
  • Non-financial Customers

Reporting dealers dominate the market as they actively conduct business with large customers, such as large corporate firms and financial institutions.

Breakup by Type:

  • Currency Swap
  • Outright Forward and FX Swaps
  • FX Options

Currency, swap holds the largest market share as it allows companies to obtain foreign currency loans at a better interest rate.

Breakup by Region:

 

 
 

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  • 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

At present, North America is enjoying the leading position in the market due to the enhanced trade monitoring and surveillance in the forex market across the region.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Barclays PLC, BNP Paribas Group, Citigroup, Inc., Deutsche Bank AG, Goldman Sachs Group, Inc., HSBC Holdings PLC, JPMorgan Chase & Co., NatWest Markets Plc, UBS AG, Standard Chartered Group, State Street Corporation, and XTX Markets Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Counterparty, Type, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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 and XTX Markets Limited
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Foreign Exchange Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Counterparty
    6.1    Reporting Dealers
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Other Financial Institutions
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Non-financial Customers
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Type
    7.1    Currency Swap
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Outright Forward and FX Swaps
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    FX Options
        7.3.1 Market Trends
        7.3.2 Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3 India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9   SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10  Value Chain Analysis
11  Porters Five Forces Analysis
    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12  Competitive Landscape
    12.1    Market Structure
    12.2    Key Players
    12.3    Profiles of Key Players
        12.3.1    Barclays
           12.3.1.1 Company Overview
           12.3.1.2 Product Portfolio 
        12.3.2    BNP Paribas
           12.3.2.1 Company Overview
           12.3.2.2 Product Portfolio 
           12.3.2.3 Financials
           12.3.2.4 SWOT Analysis
        12.3.3    Citibank
           12.3.3.1 Company Overview
           12.3.3.2 Product Portfolio 
           12.3.3.3 SWOT Analysis
        12.3.4    Deutsche Bank
           12.3.4.1 Company Overview
           12.3.4.2 Product Portfolio 
           12.3.4.3 Financials
           12.3.4.4 SWOT Analysis
        12.3.5    Goldman Sachs
           12.3.5.1 Company Overview
           12.3.5.2 Product Portfolio 
           12.3.5.3 Financials
           12.3.5.4 SWOT Analysis
        12.3.6    HSBC Holdings plc
           12.3.6.1 Company Overview
           12.3.6.2 Product Portfolio 
        12.3.7    JPMorgan Chase & Co.
           12.3.7.1 Company Overview
           12.3.7.2 Product Portfolio 
           12.3.7.3 Financials
           12.3.7.4 SWOT Analysis
        12.3.8    The Royal Bank of Scotland
           12.3.8.1 Company Overview
           12.3.8.2 Product Portfolio 
           12.3.8.3 Financials
        12.3.9    UBS AG
           12.3.9.1 Company Overview
           12.3.9.2 Product Portfolio 
        12.3.10    Standard Chartered PLC
           12.3.10.1 Company Overview
           12.3.10.2 Product Portfolio 
           12.3.10.3 Financials
           12.3.10.4 SWOT Analysis
        12.3.11    State Street Corporation
           12.3.11.1 Company Overview
           12.3.11.2 Product Portfolio 
           12.3.11.3 Financials
           12.3.11.4 SWOT Analysis
        12.3.12    XTX Markets Limited
           12.3.12.1 Company Overview
           12.3.12.2 Product Portfolio 
           12.3.12.3 Financials 
           
List of Figures

Figure 1: Global: Foreign Exchange Market: Major Drivers and Challenges
Figure 2: Global: Foreign Exchange Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Foreign Exchange Market: Breakup by Counterparty (in %), 2021
Figure 4: Global: Foreign Exchange Market: Breakup by Type (in %), 2021
Figure 5: Global: Foreign Exchange Market: Breakup by Region (in %), 2021
Figure 6: Global: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 7: Global: Foreign Exchange (Reporting Dealers) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 8: Global: Foreign Exchange (Reporting Dealers) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Foreign Exchange (Other Financial Institutions) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 10: Global: Foreign Exchange (Other Financial Institutions) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 11: Global: Foreign Exchange (Non-financial Customers) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 12: Global: Foreign Exchange (Non-financial Customers) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 13: Global: Foreign Exchange (Currency Swap) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 14: Global: Foreign Exchange (Currency Swap) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 15: Global: Foreign Exchange (Outright Forward and FX Swaps) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 16: Global: Foreign Exchange (Outright Forward and FX Swaps) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 17: Global: Foreign Exchange (FX Options) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 18: Global: Foreign Exchange (FX Options) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 19: North America: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 20: North America: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 21: United States: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 22: United States: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 23: Canada: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 24: Canada: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 25: Asia Pacific: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 26: Asia Pacific: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 27: China: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 28: China: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 29: Japan: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 30: Japan: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 31: India: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 32: India: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 33: South Korea: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 34: South Korea: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 35: Australia: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 36: Australia: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 37: Indonesia: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 38: Indonesia: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 39: Others: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 40: Others: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 41: Europe: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 42: Europe: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 43: Germany: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 44: Germany: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 45: France: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 46: France: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 47: United Kingdom: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 48: United Kingdom: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 49: Italy: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 50: Italy: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 51: Spain: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 52: Spain: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 53: Russia: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 54: Russia: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 55: Others: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 56: Others: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 57: Latin America: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 58: Latin America: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 59: Brazil: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 60: Brazil: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 61: Mexico: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 62: Mexico: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 63: Others: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 64: Others: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 65: Middle East and Africa: Foreign Exchange Market: Sales Value (in Billion US$), 2016 & 2021
Figure 66: Middle East and Africa: Foreign Exchange Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 67: Global: Foreign Exchange Industry: SWOT Analysis
Figure 68: Global: Foreign Exchange Industry: Value Chain Analysis
Figure 69: Global: Foreign Exchange Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Foreign Exchange Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Foreign Exchange Market Forecast: Breakup by Counterparty (in Billion US$), 2022-2027
Table 3: Global: Foreign Exchange Market Forecast: Breakup by Type (in Billion US$), 2022-2027
Table 4: Global: Foreign Exchange Market Forecast: Breakup by Region (in Billion US$), 2022-2027
Table 5: Global: Foreign Exchange Market: Competitive Structure
Table 6: Global: Foreign Exchange Market: Key Players


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Key Questions Answered in This Report

According to the estimates by IMARC Group, the global foreign exchange market is expected to grow at a CAGR of 7.3% during 2022-2027.

The foreign exchange market provides 24x7 trading opportunities, enormous trading volume, and high transactional transparency, that are currently driving the global foreign exchange market.

Numerous technological advancements have led to the wide availability of outright forward and currency options, thereby representing one of the key trends in the global foreign exchange market.

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations. This has negatively impacted the foreign exchange market due to the declining performance of the registered industries and restricted amount invested in the exchange.

On the basis of the counterparty, the market has been classified into reporting dealers, other financial institutions, and non-financial customers. Amongst these, reporting dealers hold the largest market share.

On the basis of the type, the market has been categorized into currency swap, outright forward and FX swaps, and FX options. At present, currency swaps exhibit a clear dominance in the market.

Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.

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