GCC Foreign Exchange Market Report by Counterparty (Reporting Dealers, Other Financial Institutions, Non-financial Customers), Type (Currency Swap, Outright Forward and FX Swaps, FX Options), and Country 2025-2033

GCC Foreign Exchange Market Report by Counterparty (Reporting Dealers, Other Financial Institutions, Non-financial Customers), Type (Currency Swap, Outright Forward and FX Swaps, FX Options), and Country 2025-2033

Report Format: PDF+Excel | Report ID: SR112024A9007
Year End sale Buy Now

Market Overview:

The GCC foreign exchange market size reached USD 17.9 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 36 Billion by 2033, exhibiting a growth rate (CAGR) of 8.1% during 2025-2033. The increasing economic diversification efforts in the GCC region, fluctuating oil prices, extensive trade relations with other countries, and a rise in foreign direct investments (FDI) in various non-oil sectors represent some of the key factors driving the market.

Report Attribute
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024 USD 17.9 Billion
Market Forecast in 2033 USD 36 Billion
Market Growth Rate (2025-2033) 8.1%


Foreign exchange, also known as forex or FX, refers to the marketplace where national currencies are traded against one another. It is the largest and most liquid financial market in the world. In the foreign exchange market, participants, including banks, corporations, and individuals, buy, sell, and speculate on currency pairs. These transactions can occur for various reasons, such as facilitating international trade, hedging against currency risk, or profiting from exchange rate fluctuations. Exchange rates, the value of one currency relative to another, are in constant flux in the forex market, influenced by many factors, including economic indicators (like GDP growth rates, inflation, and interest rates), political stability, market sentiment, and geopolitical events. Forex trading is decentralized, meaning it doesn't take place on a centralized exchange like stock trading. Instead, it occurs directly between two parties in an over-the-counter (OTC) market. The market operates 24 hours a day, five days a week, due to the nature of the economy and the different time zones in which participants operate. As a result, foreign exchange is an integral part of the economy, facilitating smooth financial interactions between countries and economies and providing opportunities for investors to profit from currency value changes.

GCC Foreign Exchange Market Trends:

As GCC countries continue to diversify their economies away from oil dependence, new sectors are emerging and attracting foreign investments, which increases forex activity. This, coupled with the improving trade relations with other countries, represents one of the key factors supporting the market growth. Moreover, fluctuations in oil prices can impact the GCC currencies, as higher prices generally boost revenue for these countries, potentially strengthening their currencies. Along with this, rapid growth in tourism in the GCC region, particularly in countries such as the UAE and Saudi Arabia, brings in a substantial amount of foreign exchange, thus positively influencing market growth. Additionally, the fiscal policy decisions made by GCC governments, including changes in tax rates, public expenditure, and government borrowing, can significantly impact their currencies. These decisions can influence inflation rates, public debt, and economic growth, affecting currency values. In line with this, GCC countries are attracting foreign direct investments (FDI) in various non-oil sectors, such as real estate, retail, and finance. Increased FDI often correlates with a stronger currency as it represents an inflow of foreign currency, thereby contributing to market growth. Furthermore, the rise of digital technologies and fintech has improved the accessibility of forex markets. Along with this, the growth of online forex trading platforms has led to a surge in retail participation in forex markets, including those in the GCC region, which in turn has fueled the market growth. Other factors, including economic diversification, favorable interest rate decisions made by central banks in the GCC countries, political stability, and technological advancements, are also creating a positive outlook for the market.

GCC Foreign Exchange Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the GCC foreign exchange market report, along with forecasts at the regional and country levels for 2025-2033. Our report has categorized the market based on counterparty and type.

Counterparty Insights:

GCC Foreign Exchange Market

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

The report has provided a detailed breakup and analysis of the market based on the counterparty. This includes reporting dealers, other financial institutions, and non-financial customers.

Type Insights:

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

A detailed breakup and analysis of the market based on the type has also been provided in the report. This includes currency swap, outright forward and FX swaps, and FX options.

Country Insights:

GCC Foreign Exchange Market By Country

  • Saudi Arabia
  • UAE
  • Qatar
  • Bahrain
  • Kuwait
  • Oman
     

The report has also provided a comprehensive analysis of all the major regional markets, which include Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait, and Oman.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the GCC foreign exchange market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

GCC Foreign Exchange Market Report Coverage:

Report Features Details
Base Year of the Analysis 2024
 Historical Period 2019-2024
Forecast Period 2025-2033
Units Billion USD
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Counterparty
  • Type
  • Country
Counterparties Covered Reporting Dealers, Other Financial Institutions, Non-financial Customers
Types Covered Currency Swap, Outright Forward and FX Swaps, FX Options
Countries Covered Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait, Oman
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the GCC foreign exchange market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the GCC foreign exchange market?
  • What is the breakup of the GCC foreign exchange market on the basis of counterparty?
  • What is the breakup of the GCC foreign exchange market on the basis of type?
  • What are the various stages in the value chain of the GCC foreign exchange market?
  • What are the key driving factors and challenges in the GCC foreign exchange market?
  • What is the structure of the GCC foreign exchange market and who are the key players?
  • What is the degree of competition in the GCC foreign exchange market?

 

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the GCC foreign exchange market from 2019-2033.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the GCC foreign exchange market.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the GCC foreign exchange industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
GCC Foreign Exchange Market Report by Counterparty (Reporting Dealers, Other Financial Institutions, Non-financial Customers), Type (Currency Swap, Outright Forward and FX Swaps, FX Options), and Country 2025-2033
Purchase Options Year End sale




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARATI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More
DEinternational Egypt

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

Read More
Gulf Excellent Group

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Read More
FS Corporation Inc.

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

Read More
Egyptian Industrial Investment Group

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

Read More
Vishnu Chemicals

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

Read More
MOUNT EVEREST BREWERIES LIMITED

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

Read More
Borges Branded Foods

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

Read More
Godrej Consumer Products Limited

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

Read More
ADC Therapeutics

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

Read More
Ivanti

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

Read More
Asiatic Electrical & Switchgear P. Ltd.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Read More
Denka Co., Ltd.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.

Read More