Foreign Exchange Market Overview 2021-26: Industry Trends, Size, Share and Forecast

SHERIDAN, WYOMING, UNITED STATES, November 10, 2021 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Foreign Exchange Market Overview: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026. the global foreign exchange market is expected to grow at a CAGR of 7.5% during 2021-2026.

Report Metric

Historical: 2015-2020

Base Year: 2020

Forecast Year: 2021-2026

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Foreign exchange (FX), or forex, stands for a system that facilitates the transaction of currencies from different countries. It is primarily performed through credit instruments, including bills of foreign currency, bank drafts, telephonic transfers, etc. The fund transfer functions through an electronic network of banks, brokers, financial institutions, and individual traders. Forex also finds extensive applications for transferring funds to support the exchange of various goods and services between nations.

Request Free Sample Report: https://www.imarcgroup.com/foreign-exchange-market/requestsample

Market Trends

The rising penetration of digitalization trends in the BFSI sector, along with the increasing number of international tourism activities, is driving the market for foreign exchange. Additionally, the growing awareness towards numerous benefits of foreign exchange pertaining to minimal trading costs, 24×7 trading opportunities, high transactional transparency, and liquidity, etc., is further augmenting the market growth. Besides this, the wide availability of electronic platforms and the provision of improved security mechanisms for trading are also propelling the global market. In the coming years, several technological advancements in foreign exchange solutions providing advanced outright forward and currency options will continue to drive the market growth in the coming years.

Ask Analyst for Customization and Download full Report with TOC & List of Figure: http://bit.ly/2VK0JtK

List of Key Companies Covered in this Market Report:

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

The report has segmented the market on the basis of counterparty, instruments and geography.

Breakup by Counterparty:

Reporting Dealers
Other Financial Institutions
Non-financial Customers

Breakup by Instruments:

Currency Swap
Outright Forward and FX Swaps
FX Options

Breakup by Geography:

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

Also Read Top 10 Players in the Global Foreign Exchange Market Worldwide

Key highlights of the report:

Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Related Report by IMARC Group:

Consumer Credit Market Report: https://bit.ly/3fghp2i

Crowdfunding Market Report: https://bit.ly/35rEbmj

Sukuk Market Report: https://bit.ly/2XT01cW

Factoring Market Report: https://bit.ly/31vrN1s

E-Invoicing Market Report: https://bit.ly/35XSjUA

BPO Business Analytics Market Report: https://bit.ly/3sEORHx

Business Analytics Market Report: https://bit.ly/3gbUAOA

E-Commerce Market Report: https://bit.ly/3cJCSjl

Cryptocurrency Market Report: https://bit.ly/3wEvvoq

Bancassurance Market Report: https://bit.ly/3wEvvoq

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.

IMARC’s 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 company’s expertise.

Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
email us here


Source: EIN Presswire