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

May 2022 | 143 pages | ID: FBAA30E39F45EN
IMARC Group

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The global foreign exchange market reached a value of US$ 702 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 included in the report as a major market contributor.

Foreign exchange (FX), or forex, refers to a system that facilitates the transaction of currencies from different countries. It is performed through credit instruments, such as bills of foreign currency, bank drafts and telephonic transfers. The fund transfer functions through an electronic network of banks, financial institutions, brokers and individual traders. Forex also finds extensive applications for transferring funds to support the exchange of various goods and services between nations.
Growing urbanization and digitalization in both the emerging and developed economies are among the key factors driving the growth of the market. The key features of FX, such as minimal trading costs, 24x7 trading opportunities, high transactional transparency and liquidity, have favored its widespread acceptance across the globe. Furthermore, the availability of electronic platforms and the provision of improved security mechanisms for trading are also providing a boost to the market growth. Various internet-based platforms are available to the users for conveniently exchanging currencies between countries while ensuring the delivery of goods and services in a secure and centralized setting. Additionally, various technological advancements, such as the availability of outright forward and currency option, are creating a positive outlook for the market growth. Outright forward enables the trader to lock the current exchange rate, which further protects the investor, exporter or importer from future rate fluctuations. On the other hand, the currency option refers to a contractual document that establishes an obligation to purchase or trade currency at a specific rate.

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

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
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:
The report has also analysed the competitive landscape of the market with some of the top foreign exchange companies being 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, etc.
Key Questions Answered in This Report
1. What will be the global foreign exchange market outlook during the forecast period (2022-2027)?
2. What are the global foreign exchange market drivers?
3. What are the major trends in the global foreign exchange market?
4. What is the impact of COVID-19 on the global foreign exchange market?
5. What is the global foreign exchange market breakup by counterparty?
6. What is the global foreign exchange market breakup by type?
7. What are the major regions in the global foreign exchange market?
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 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

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


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