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on May 27, 2024
The latest report by IMARC Group, titled “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 Region 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.
The international currency market, also known as Forex or FX, is a vast, global trading platform where various currencies are bought and sold. As the largest and most fluid financial market worldwide, it enables individuals, companies, financial institutions, and governments to swap one currency for another at a mutually agreed exchange rate. The main objective of this market is to facilitate cross-border commerce and investment by providing a means for participants to convert their currencies and conduct transactions. Trading in this market occurs continuously, five days a week, and is not centered in any particular location. Currently, the foreign exchange market is gaining widespread recognition globally, as it significantly influences exchange rates, international trade, financial markets, and economies worldwide.
Foreign Exchange Market Trends and Drivers:
The international trade boom and increasing commercial activities across borders are fueling the global foreign exchange market, as companies and countries exchange currencies to facilitate these transactions. Additionally, the market is being driven by investment firms, hedge funds, and individual traders who seek to capitalize on fluctuations in currency values. Central banks and governments are also playing a significant role in shaping the market through their monetary policies and interventions, which aim to achieve specific economic goals. Moreover, the proliferation of online trading platforms and advancements in technology are further accelerating market expansion.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/foreign-exchange-market/requestsample
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
Market Breakup by Region:
- 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
Competitive Landscape with Key Player:
- 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.
IMARCs 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 companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 |United Kingdom: +44-753-713-2163
Posted in: Business
Topics:
foreign exchange market