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on June 19, 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 foreign exchange market, also known as is a global platform for trading currencies. It is the largest and most liquid financial market worldwide, where individuals, businesses, banks, and governments swap one currency for another at an agreed-upon rate. this market is to facilitate international trade and investment by enabling to convert currencies for transactions. Forex trading is decentralized, occurring 24 hours a day, five days a week,. Currently, foreign exchange is gaining significant popularity globally due to its crucial role in determining exchange rates and impacting international trade, financial markets, and economies worldwide.
Foreign Exchange Market Trends and Drivers:
The worldwide currency exchange market is mainly influenced by the increasing global trade and business activities, which involve transactions across different countries and require currency conversion. Additionally, speculative trading by financial organizations, hedge funds, and individual looking to benefit from currency value changes is contributing to market expansion. In addition, the implementation of different monetary strategies and interventions by central banks and governments to impact exchange rates for economic goals has further spurred market growth. Furthermore, the advancement of technology and the accessibility of online trading platforms are also significant drivers of 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
Posted in: Business
Topics:
foreign exchange market