Foreign exchange market report 2021, industry trends, share, size, demand and future scope – mainlander.nz

According to the latest IMARC Group report, entitled “Foreign exchange market: industry trends, share, size, growth, opportunity and forecast 2021-2026. Looking ahead, the global forex market is expected to grow at a CAGR of 7.5% during 2021-2026.

We regularly monitor the direct effect of COVID-19[female[feminine on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

Foreign currency (FX), or forex, refers to a system that facilitates the transaction of currencies from different countries. It is mainly carried out by means of credit instruments, in particular banknotes, bank drafts, telephone transfers, etc. The money transfer works through an electronic network of banks, brokers, financial institutions and individual traders. Forex also finds many money transfer applications to support the exchange of various goods and services between nations.

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Market trends

The increasing penetration of digitization trends in the BFSI industry, along with the growing number of international tourism activities, are driving the currency market. Moreover, the growing awareness of the many advantages of foreign currencies regarding minimum trading costs, 24/7 trading opportunities, high transaction transparency and liquidity, etc., further increases the growth of the market. . In addition to this, the wide availability of electronic platforms and the provision of improved security mechanisms for commerce are also propelling the global market. In the coming years, several technological advancements in forex solutions offering forward and advanced currency options will continue to drive market growth in the years to come.

List of Key Companies Covered By This Market Report:

  • Barclays
  • BNP Paribas
  • Citibank
  • German bank
  • Goldman Sachs
  • HSBC Holdings plc
  • JPMorgan Chase & Co.
  • The Royal Bank of Scotland
  • UBS AG
  • API approved standard
  • State Street Society
  • XTX Markets Limited

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

Breakdown by counterparty:

  • Declaring dealers
  • Other financial institutions
  • Non-financial clients

Breakdown by instrument:

  • Currency exchange
  • Forward swaps and FX
  • Currency options

Distribution 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

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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
  • Complete 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 part of the customization.

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