Global Foreign Exchange Market is expected to reach $10.2 trillion by 2026

The Global Foreign Exchange Market is expected to reach $10.2 trillion by 2026, at a growing CAGR of more than 7%.

What is Foreign Exchange?

The foreign exchange market is over a counter (OTC) worldwide marketplace that regulates the exchange rate for monetary forms all throughout the world. This foreign exchange market is also known as Forex, FX, or even the money market. The members occupied with this market can purchase, sell, trade, and gamble on the monetary standards.

These foreign exchange markets are comprising of banks, forex sellers, business organizations, national banks, investment administration firms, hedge mutual funds, retail forex vendors, and financial backers.

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Key players in the global Foreign Exchange market covered in Chapter 13:

BNP Paribas

HSBC

Bank of America Merrill Lynch

Royal Bank of Scotland

Citibank

JPMorgan Chase

Barclays

UBS

Deutsche Bank

Goldman Sachs

In Chapter 6, on the basis of types, the Foreign Exchange market from 2015 to 2025 is primarily split into:

Currency Swaps

Outright Forward and FX Swaps

FX Options

In Chapter 7, on the basis of applications, the Foreign Exchange market from 2015 to 2025 covers:

Individual

Corporate

Government

Others

Market segment by regions, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)

South America (Brazil, Argentina, Rest of South America)

Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

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Market overview

The worldwide foreign exchange market is primarily driven by the convergence of different variables, including fast urbanisation, changing way of life patterns and expanding income levels of people. Moreover, a huge ascent in worldwide the travel industry has positively affected the interest for foreign exchange. This is additionally upheld by the various advantages of forex, including high liquidity and transactional transparency, insignificant exchanging costs, 24×7 exchanging opportunities, and immense exchanging volume. The forex market likewise draws in worldwide merchants by offering different Profitable opportunities and early benefits. Additionally, quick digitization and technology headways are likely to add in a market growth.

Economic growth

The Global Foreign Exchange Market size was $6.60 million in 2020, and is expected to reach $10.2 trillion by 2026, at a growing CAGR of more than 7%.

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