Foreign Exchange Market PPT 2023: Size, Growth, Demand and Forecast Till 2028

Author: Elena Anderson Marketing Manager

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Global Foreign Exchange Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " Foreign Exchange Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2 023-2028

," the global foreign exchange market size reached US$ 753.2 Billion in 2022.

Foreign exchange (forex) refers to the systematic process of converting the currency of a nation into another. It also supports the exchange of various goods and services between multiple countries by utilizing credit instruments such as bills of foreign currency, bank drafts and telephonic transfers.

The forex market consists of an electronic network of banks, brokers, institutions and individual traders. Over the years, the foreign exchange market has gained prominence as it facilitates the flow of money derived from international trade.

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Global Foreign Exchange Market Trends:

The global foreign exchange market is primarily driven by the confluence of various factors, including rapid urbanization, changing lifestyle patterns and inflating income levels of individuals. Additionally, a significant rise in global tourism has positively influenced the demand for foreign exchange. This is further supported by the numerous benefits of forex, including high liquidity and transactional transparency, minimal trading costs, 24x7 trading opportunities, and vast trading volume. The forex market also attracts international traders by offering various lucrative opportunities and early profits.

Moreover, rapid digitization and technological advancements are expected to contribute to market growth. For instance, the advent of multiple internet-based platforms offers convenience during currency exchanges and ensures the delivery of goods and services in a secure and centralized setting. Furthermore, several companies are investing in developing the overall infrastructure to provide improved security solutions for trading, thereby providing traction to the market growth.

Looking forward, the market value is anticipated to reach US$ 1,143.2 Billion by 2028, expanding at a CAGR of 7% during 2023-2028.

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Report Description Report Description and Highlights

Key Market Segmentation

The research report includes the following segments:

Breakup by Counterparty:

• Reporting Dealers

• Other Financial Institutions

• Non-financial Customers

Breakup by Type:

• Currency Swap

• Outright Forward and FX Swaps

• FX Options

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Competitive Landscape with Key Players:

• 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

1. What was the size of the global foreign exchange market in 2022?

2. What is the expected growth rate of the global foreign exchange market during 2023-2028?

3. What are the key factors driving the global foreign exchange market?

4. What has been the impact of COVID-19 on the global foreign exchange market?

5. What is the breakup of the global foreign exchange market based on the counterparty?

6. What is the breakup of the global foreign exchange market based on the type?

7. What are the key regions in the global foreign exchange market?

8. Who are the key players/companies in the global foreign exchange market?

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Report Description Report Description and Highlights

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