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Foreign Exchange Market Report Share & Size 2020 | Global Industry, Covid-19 Impact Analysis, Trends and Forecast Till 2025

05-22-2020 09:29 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Foreign Exchange Market

Foreign Exchange Market

According to the latest report by IMARC Group, titled "Foreign Exchange Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global foreign exchange market experienced healthy growth during 2014-2019. Foreign exchange (forex) is the systematic process of converting one currency into another. The system is used to facilitate the flow of money that is derived from international trade. With no centralized location, the forex market consists of an electronic network of banks, brokers, institutions, and individual traders who trade through banks or brokers. The system utilizes credit instruments, such as bills of foreign currency, bank drafts and telephonic transfers, to not only convert the currency of one nation into another but also to support the exchange of various goods and services between multiple countries.

Request for a free sample copy of this report: https://www.imarcgroup.com/foreign-exchange-market/requestsample

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players 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.

Global Foreign Exchange Market Trends:
The global market is primarily driven by the confluence of various factors, including rapid urbanization, inflating disposable income levels and changing lifestyle patterns. This has led to a significant increase in the influx of tourists on a global level, which has influenced the demand for foreign exchange positively. This is further supported by the numerous benefits associated with forex, which include 24x7 trading opportunities, minimal trading costs, enormous trading volume, high liquidity and high transactional transparency. The forex market also attracts international traders by offering numerous lucrative opportunities and early profits, which is creating a positive outlook for the market. Moreover, the advent of multiple internet-based platforms has also contributed to the market growth. These platforms offer convenience during currency exchanges and ensure the delivery of goods and services in a secure and centralized setting. Furthermore, various companies are investing in the development of the overall infrastructure to provide improved security mechanisms for trading, thereby providing traction to the market growth. Other factors, such as increasing digitization and several technological advancements, are expected to contribute to the market growth further. On account of the aforementioned factors, the market is anticipated to grow at a CAGR of around 6% during the forecast period (2020-2025).

Breakup by Counterparty:
Reporting Dealers
Other Financial Institutions
Non-financial Customers

Breakup by Instruments:
Currency Swap
Outright Forward and FX Swaps
FX Options

Explore full report with table of contents: https://www.imarcgroup.com/foreign-exchange-market

Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally--our estimates about the latest market trends and forecast values after considering the impact of this pandemic.

Contact US:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group

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.

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