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.
Request a free sample report: https://www.imarcgroup.com/foreign-exchange-market/requestsample
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:
- BNP Paribas
- 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
Ask the analyst for customization and download the full report with table of contents and list of figures: http://bit.ly/2VK0JtK
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.
The IMARC group is a leading market research company providing management strategies and market research worldwide. We partner with clients across industries and regions to identify their most exciting opportunities, address their most critical challenges and transform their businesses.
IMARC’s information products include key business, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high-tech organizations. Market forecasting and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and new processing methods are at the top of the market. business expertise.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: [email protected]
Phone number: (D) +91 120 433 0800 Americas: – +1 631 791 1145 | Africa and Europe: – + 44-702-409-7331 | Asia: + 91-120-433-0800, + 91-120-433-0800