The Foreign Exchange Market is projected to increase by USD 516.48 billion, progressing at a CAGR of 10.31% from 2023 to 2028. Some of the major companies of the foreign exchange market include Bank of America Corp., Barclays PLC, BNP Paribas SA, Citigroup Inc., Commonwealth Bank of Australia, DBS Bank Ltd., Deutsche Bank AG, HSBC Holdings Plc, JPMorgan Chase and Co., London Stock Exchange Group plc, NatWest Group plc, Societe Generale SA, Standard Chartered PLC, State Street Corp., The Bank of Nova Scotia, The Goldman Sachs Group Inc., UBS Group AG, Westpac Banking Corp., and XTX Markets Ltd. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 25 companies operating in the market. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on the foreign exchange market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
The notable driver behind the market growth is the increasing market liquidity. The global foreign exchange market stands as one of the most easily traded financial markets, involving the exchange of various currencies worldwide. Traders in this market enjoy complete autonomy to buy or sell currencies as per their preferences, emphasizing the ability of currency pairs to be traded without significantly altering their exchange rates. Moreover, swift access to news and pricing equips foreign exchange traders with the latest information for trading purposes, contributing to market expansion during the forecast period. Technavio offers in-depth market insights that assist global businesses in obtaining growth opportunities. Buy the full Report
Foreign Exchange Market 2024-2028: Segmentation
- Type
- Reporting Dealers
- Other Financial Institutions
- Non-financial Customers
- Trade Finance Instruments
- Currency Swaps
- Outright Forward And FX Swaps
- FX Options
- Geography
- North America
- Europe
- APAC
- South America
- Middle East And Africa
The reporting dealers segment is expected to experience considerable growth during the forecast period. Participants in the foreign exchange market carry risky inventory positions as they reach maturity. In situations where liquidity is lacking, those suppliers who absorb market imbalances receive high returns as compensation. These returns mirror the risk premium linked to non-diversifiable risks.
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The report also covers the following areas:
- Foreign Exchange Market size
- Foreign Exchange Market trends
- Foreign Exchange Market industry analysis
Market trends such as 24×7 trading opportunities for foreign exchange is likely to emerge as one of the primary drivers of the market. However, factors such as uncertainty of future exchange rates may threaten the growth of the market.
Foreign Exchange Market 2024 – 2028: Market dynamics
Leading trends influencing the market
An emerging trend impacting the market growth is increased transparency in trading. Market transparency entails understanding what is traded, its pricing, by whom, and where, providing significant clarity in the global foreign exchange market. Traders within this market have comprehensive access to all data and information, facilitating real-time monitoring of currency price fluctuations across various nations through their portfolios. Given its vast size and operation across multiple time zones, the global foreign exchange market ensures open and readily accessible information.
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Foreign Exchange Market 2024-2028: Key Highlights
- CAGR of the market during the forecast period 2024-2028
- Detailed information on factors that will assist foreign exchange market growth during the next five years
- Estimation of the foreign exchange market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the foreign exchange market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of foreign exchange market vendors
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TOC
- Executive Summary
- Market Landscape
- Market Sizing
- Historic Market Size
- Five Forces Analysis
- Market Segmentation by Type
- Market Segmentation by Trade Finance Instruments
- Customer Landscape
- Geographic Landscape
- Drivers, Challenges, and Trends
- Company Landscape
- Company Analysis
- Appendix
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