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Foreign Exchange Global Market Report 2025
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Global Foreign Exchange Market Report 2025

Report Price : $4490.00

Pages : 175

Format : PDF

Published : January 2025

Delivery Time : 2-3 Business Days

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Foreign Exchange Global Market Report 2025

By Counterparty (Reporting Dealers, Other Financial Institutions, Non-Financial Customers), By Trade Finance Instruments (Currency Swaps, FX Options), By End User (Individuals, Retailers, Corporate Institutes, Government, Other End Users) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Foreign Exchange Market Overview

• Foreign Exchange market size has reached to $792.43 billion in 2024

• Expected to grow to $1088.73 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%

• Growth Driver: The Impact Of Surging International Transactions On The Growing Foreign Exchange Market

• Market Trend: Ebixcash Limited Takes The Lead In Foreign Exchange Market With Innovative Self-Booking Corporate Tool

• North America was the largest region in 2024.

What Is Covered Under Foreign Exchange Market?

Foreign exchange refers to the exchange of one currency for another at a predetermined rate, or foreign exchange rate. The foreign securities market, with a nominal worth of trillions of dollars, is made up primarily of foreign exchange markets. These are used in currency pairings that are valued one against the other.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The main counterparties in foreign exchange are reporting dealers, other financial institutions, and non-financial customers. Reporting dealers refers to financial institutions that are active participants in the local and international derivatives and foreign exchange markets. There are some trade finance instruments, such as currency swaps and FX options, with some end users, including individuals, retailers, corporate institutes, and governments.

Foreign Exchange Market 2025 - 2034

What Is The Foreign Exchange Market Size 2025 And Growth Rate?

The foreign exchange market size has grown strongly in recent years. It will grow from $792.43 billion in 2024 to $838.11 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to globalization and international trade, interest rate differentials, government policies and monetary interventions, speculation and investment flows, balance of payments and economic indicators.

What Is The Foreign Exchange Market Growth Forecast?

The foreign exchange market size is expected to see strong growth in the next few years. It will grow to $1088.73 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to political and geopolitical developments, commodity prices and resource exports, pandemic recovery and risk appetite, inflationary pressures, emerging market dynamics. Major trends in the forecast period include rise of retail forex trading, enhanced risk management strategies, global economic recovery impact, focus on ESG (environmental, social, governance), technological infrastructure investments.

The forecast of 6.8% growth over the next five years reflects a modest reduction of 0.4% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through wider bid-ask spreads, as currency trading execution engines and liquidity aggregation platforms, primarily manufactured in South Korea and Taiwan, become subject to higher technology import duties. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Financial Services Industry?

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

How Is The Foreign Exchange Market Segmented?

1) By Counterparty: Reporting Dealers, Other Financial Institutions, Non-Financial Customers

2) By Trade Finance Instruments: Currency Swaps, FX Options

3) By End User: Individuals, Retailers, Corporate Institutes, Government, Other End Users

Subsegments:

1) By Reporting Dealers: Banks, Brokers, Investment Firms

2) By Other Financial Institutions: Hedge Funds, Insurance Companies, Asset Managers

3) By Non-Financial Customers: Corporates, Retail Traders, Government Entities

Foreign Exchange Market Driver: The Impact Of Surging International Transactions On The Growing Foreign Exchange Market

The surge in international transactions is significantly contributing to the growth of the foreign exchange market going forward. International transactions refer to transactions involving two or more related businesses in which at least one party is a non-resident. Increased global trade and international transactions increase the size and activity of the foreign exchange market. For instance, in August 2024, according to Convera Corporation, a US-based Web services corporation, the wholesale cross-border payments market is projected to grow by 54%, from $146 trillion in 2023 to $225 trillion by 2030. In contrast, non-wholesale (retail) payment flows are expected to rise by 45%, reaching $65 trillion. Therefore, a surge in international transactions will drive the foreign exchange market.

Foreign Exchange Market Driver: Impact Of Increasing Terrorism Threats On The Foreign Exchange Market

The increasing terrorism threats is expected to propel the growth of the foreign exchange market going forward. Terrorism threats refer to the potential risks and dangers posed by individuals, groups, or organizations that engage in acts of terrorism. Terrorism events can lead to a rise in safe-haven demand for currencies, increased geopolitical and economic risks, monetary policy responses, international cooperation and information sharing, counter-terrorism financing initiatives, and flight to safe havens. For instance, in February 2024, according to the Institute for Economics and Peace, an Australia-based non-profit think tank, in 2023, deaths from terrorism in Israel reached an all-time high, with 1,210 people killed and 4,537 injured as a result of 20 terrorist attacks. Therefore, the increasing terrorism threats is driving the growth of the foreign exchange market.

Global Foreign Exchange Market Major Players

Major companies operating in the foreign exchange market include JPMorgan Chase and Co., Citibank N. A., HSBC Holdings plc, BNP Paribas Société Anonyme, The Goldman Sachs Group Inc., UBS Group AG, Deutsche Bank AG, The Bank of Nova Scotia, Barclays plc, State Bank Of India, Standard Chartered plc, State Street Corporation, Royal Bank of Scotland plc, Commonwealth Bank of Australia, Interactive Brokers Group LLC, eToro Group Limited, Saxo Bank A/S, Swissquote Group Holding SA, CMC Markets plc, GAIN Capital Holdings Inc., IG Group Holdings plc, AvaTrade Ltd., City Index Limited, OANDA Corporation, Alpari UK Limited, Admiral Markets Ltd., Pepperstone Group Limited, Dukascopy Bank SA, Octa Markets Incorporated, FxPro UK Limited

Global Foreign Exchange Market Trend: Ebixcash Limited Takes The Lead In Foreign Exchange Market With Innovative Self-Booking Corporate Tool

Product innovation is the key trend gaining popularity in the foreign exchange market. Major companies operating in the foreign exchange market are focusing on launching new innovative foreign exchange platforms. For instance, in July 2022, EbixCash Limited, an India-based financial and insurance technology company launched self-booking corporate tool. This tool helps business clients create personalized notifications and management information systems (MIS) for all related activities. It does this by offering a range of hassle-free and smooth foreign exchange services. In order to improve efficiency in the booking and maintenance of foreign exchange services, the SBT provides features such as online invoice management, real-time order updates, and an approval matrix setup for corporate clients.

Global Foreign Exchange Market Trend: Revolutionizing The Foreign Exchange Market With Universal FX A Next-Generation Platform Redefining Global Currency Trading

Major companies operating in the foreign exchange market are developing new products such as next-generation foreign exchange platform to gain a competitive edge in the market. A foreign exchange platform is a digital software application or online system that facilitates the trading of currencies in the foreign exchange market. For instance, in October 2023, The BNY Mellon Corporation, a US-based financial services company launched Universal FX. The foreign exchange experience for clients worldwide is improved by Universal FX's ability to give access to both developed and emerging market currency execution. Customers can use this tool to manage their whole portfolio, regardless of whether they settle transactions, custody, or prime broker. Investment managers, corporates, hedge funds, and wealth managers are just a few of the businesses IT serves. The platform expands on the OneFX suite of products and banking capabilities for all FX trading, hedging, and cross-border payment activities.

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Foreign Exchange Market Merger And Acquisition: Rostro Group Expands Investment Portfolio With Acquisition Of Scope Markets Group Adding Forex Trading Capabilities

In January 2023, Rostro Group, a US-based capital holdings company focusing on digital assets and capital markets, acquired Scope Markets Group for an undisclosed amount. This acquisition has added foreign exchange trading to Rostro’s portfolio of investments. Scope Markets Group, a Belize-based financial trade and forex services company.

Regional Outlook For The Global Foreign Exchange Market

North America was the largest region in the foreign exchange market in 2024. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Foreign Exchange Market?

The foreign exchange market consists of revenues earned by entities by selling foreign exchange services (e.g. trading programs & advisory service, currency exchange & remittance service and professionally managed accounts service). The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Foreign Exchange Industry?

The foreign exchange market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the foreign exchange industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Foreign Exchange Market Report Forecast Analysis

Report AttributeDetails
Market Size Value In 2025 $838.11 billion
Revenue Forecast In 2034 $1088.73 billion
Growth Rate CAGR of 6.8% from 2025 to 2034
Base Year For Estimation 2024
Actual Estimates/Historical Data 2019-2024
Forecast Period 2025 - 2029 - 2034
Market Representation Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered 1) By Counterparty: Reporting Dealers, Other Financial Institutions, Non-Financial Customers
2) By Trade Finance Instruments: Currency Swaps, FX Options
3) By End User: Individuals, Retailers, Corporate Institutes, Government, Other End Users Subsegments: 1) By Reporting Dealers: Banks, Brokers, Investment Firms
2) By Other Financial Institutions: Hedge Funds, Insurance Companies, Asset Managers
3) By Non-Financial Customers: Corporates, Retail Traders, Government Entities
Regional Scope Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled JPMorgan Chase and Co., Citibank N. A., HSBC Holdings plc, BNP Paribas Société Anonyme, The Goldman Sachs Group Inc., UBS Group AG, Deutsche Bank AG, The Bank of Nova Scotia, Barclays plc, State Bank Of India, Standard Chartered plc, State Street Corporation, Royal Bank of Scotland plc, Commonwealth Bank of Australia, Interactive Brokers Group LLC, eToro Group Limited, Saxo Bank A/S, Swissquote Group Holding SA, CMC Markets plc, GAIN Capital Holdings Inc., IG Group Holdings plc, AvaTrade Ltd., City Index Limited, OANDA Corporation, Alpari UK Limited, Admiral Markets Ltd., Pepperstone Group Limited, Dukascopy Bank SA, Octa Markets Incorporated, FxPro UK Limited
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Table Of Contents

1. Executive Summary

2. Foreign Exchange Market Characteristics

3. Foreign Exchange Market Trends And Strategies

4. Foreign Exchange Market - Macro Economic Scenario Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Foreign Exchange Growth Analysis And Strategic Analysis Framework

5.1. Global Foreign Exchange PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Foreign Exchange Market Growth Rate Analysis

5.4. Global Foreign Exchange Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Foreign Exchange Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Foreign Exchange Total Addressable Market (TAM)

6. Foreign Exchange Market Segmentation

6.1. Global Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Reporting Dealers

Other Financial Institutions

Non-Financial Customers

6.2. Global Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Currency Swaps

FX Options

6.3. Global Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Individuals

Retailers

Corporate Institutes

Government

Other End Users

6.4. Global Foreign Exchange Market, Sub-Segmentation Of Reporting Dealers, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Banks

Brokers

Investment Firms

6.5. Global Foreign Exchange Market, Sub-Segmentation Of Other Financial Institutions, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Hedge Funds

Insurance Companies

Asset Managers

6.6. Global Foreign Exchange Market, Sub-Segmentation Of Non-Financial Customers, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Corporates

Retail Traders

Government Entities

7. Foreign Exchange Market Regional And Country Analysis

7.1. Global Foreign Exchange Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Foreign Exchange Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Foreign Exchange Market

8.1. Asia-Pacific Foreign Exchange Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Foreign Exchange Market

9.1. China Foreign Exchange Market Overview

9.2. China Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Foreign Exchange Market

10.1. India Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Foreign Exchange Market

11.1. Japan Foreign Exchange Market Overview

11.2. Japan Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Foreign Exchange Market

12.1. Australia Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Foreign Exchange Market

13.1. Indonesia Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Foreign Exchange Market

14.1. South Korea Foreign Exchange Market Overview

14.2. South Korea Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Foreign Exchange Market

15.1. Western Europe Foreign Exchange Market Overview

15.2. Western Europe Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Foreign Exchange Market

16.1. UK Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Foreign Exchange Market

17.1. Germany Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Foreign Exchange Market

18.1. France Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Foreign Exchange Market

19.1. Italy Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Foreign Exchange Market

20.1. Spain Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Foreign Exchange Market

21.1. Eastern Europe Foreign Exchange Market Overview

21.2. Eastern Europe Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Foreign Exchange Market

22.1. Russia Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Foreign Exchange Market

23.1. North America Foreign Exchange Market Overview

23.2. North America Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Foreign Exchange Market

24.1. USA Foreign Exchange Market Overview

24.2. USA Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Foreign Exchange Market

25.1. Canada Foreign Exchange Market Overview

25.2. Canada Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Foreign Exchange Market

26.1. South America Foreign Exchange Market Overview

26.2. South America Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Foreign Exchange Market

27.1. Brazil Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Foreign Exchange Market

28.1. Middle East Foreign Exchange Market Overview

28.2. Middle East Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Foreign Exchange Market

29.1. Africa Foreign Exchange Market Overview

29.2. Africa Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Foreign Exchange Market Competitive Landscape And Company Profiles

30.1. Foreign Exchange Market Competitive Landscape

30.2. Foreign Exchange Market Company Profiles

30.2.1. JPMorgan Chase and Co. Overview, Products and Services, Strategy and Financial Analysis

30.2.2. Citibank N. A. Overview, Products and Services, Strategy and Financial Analysis

30.2.3. HSBC Holdings plc Overview, Products and Services, Strategy and Financial Analysis

30.2.4. BNP Paribas Société Anonyme Overview, Products and Services, Strategy and Financial Analysis

30.2.5. The Goldman Sachs Group Inc. Overview, Products and Services, Strategy and Financial Analysis

31. Foreign Exchange Market Other Major And Innovative Companies

31.1. UBS Group AG

31.2. Deutsche Bank AG

31.3. The Bank of Nova Scotia

31.4. Barclays plc

31.5. State Bank Of India

31.6. Standard Chartered plc

31.7. State Street Corporation

31.8. Royal Bank of Scotland plc

31.9. Commonwealth Bank of Australia

31.10. Interactive Brokers Group LLC

31.11. eToro Group Limited

31.12. Saxo Bank A/S

31.13. Swissquote Group Holding SA

31.14. CMC Markets plc

31.15. GAIN Capital Holdings Inc.

32. Global Foreign Exchange Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Foreign Exchange Market

34. Recent Developments In The Foreign Exchange Market

35. Foreign Exchange Market High Potential Countries, Segments and Strategies

35.1 Foreign Exchange Market In 2029 - Countries Offering Most New Opportunities

35.2 Foreign Exchange Market In 2029 - Segments Offering Most New Opportunities

35.3 Foreign Exchange Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Table 3: Global Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 4: Global Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 5: Global Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 6: Global Foreign Exchange Market, Sub-Segmentation Of Reporting Dealers, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 7: Global Foreign Exchange Market, Sub-Segmentation Of Other Financial Institutions, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 8: Global Foreign Exchange Market, Sub-Segmentation Of Non-Financial Customers, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 9: Global Foreign Exchange Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 10: Global Foreign Exchange Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 11: Asia-Pacific, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 12: Asia-Pacific, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 13: Asia-Pacific, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 14: China, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 15: China, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 16: China, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 17: India, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 18: India, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 19: India, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 20: Japan, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 21: Japan, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 22: Japan, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 23: Australia, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 24: Australia, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 25: Australia, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 26: Indonesia, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 27: Indonesia, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 28: Indonesia, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 29: South Korea, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 30: South Korea, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 31: South Korea, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 32: Western Europe, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 33: Western Europe, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 34: Western Europe, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 35: UK, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 36: UK, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 37: UK, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 38: Germany, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 39: Germany, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 40: Germany, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 41: France, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 42: France, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 43: France, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 44: Italy, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 45: Italy, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 46: Italy, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 47: Spain, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 48: Spain, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 49: Spain, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 50: Eastern Europe, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 51: Eastern Europe, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 52: Eastern Europe, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 53: Russia, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 54: Russia, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 55: Russia, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 56: North America, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 57: North America, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 58: North America, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 59: USA, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 60: USA, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 61: USA, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 62: Canada, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 63: Canada, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 64: Canada, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 65: South America, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 66: South America, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 67: South America, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 68: Brazil, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 69: Brazil, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 70: Brazil, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 71: Middle East, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 72: Middle East, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 73: Middle East, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 74: Africa, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 75: Africa, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 76: Africa, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Table 77: JPMorgan Chase and Co. Financial Performance
  • Table 78: Citibank N. A. Financial Performance
  • Table 79: HSBC Holdings plc Financial Performance
  • Table 80: BNP Paribas Société Anonyme Financial Performance
  • Table 81: The Goldman Sachs Group Inc. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2019-2024, $ Billion
  • Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion
  • Figure 3: Global Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 4: Global Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 5: Global Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 6: Global Foreign Exchange Market, Sub-Segmentation Of Reporting Dealers, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 7: Global Foreign Exchange Market, Sub-Segmentation Of Other Financial Institutions, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 8: Global Foreign Exchange Market, Sub-Segmentation Of Non-Financial Customers, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 9: Global Foreign Exchange Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 10: Global Foreign Exchange Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 11: Asia-Pacific, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 12: Asia-Pacific, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 13: Asia-Pacific, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 14: China, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 15: China, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 16: China, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 17: India, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 18: India, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 19: India, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 20: Japan, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 21: Japan, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 22: Japan, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 23: Australia, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 24: Australia, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 25: Australia, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 26: Indonesia, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 27: Indonesia, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 28: Indonesia, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 29: South Korea, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 30: South Korea, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 31: South Korea, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 32: Western Europe, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 33: Western Europe, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 34: Western Europe, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 35: UK, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 36: UK, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 37: UK, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 38: Germany, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 39: Germany, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 40: Germany, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 41: France, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 42: France, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 43: France, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 44: Italy, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 45: Italy, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 46: Italy, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 47: Spain, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 48: Spain, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 49: Spain, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 50: Eastern Europe, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 51: Eastern Europe, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 52: Eastern Europe, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 53: Russia, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 54: Russia, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 55: Russia, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 56: North America, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 57: North America, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 58: North America, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 59: USA, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 60: USA, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 61: USA, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 62: Canada, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 63: Canada, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 64: Canada, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 65: South America, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 66: South America, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 67: South America, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 68: Brazil, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 69: Brazil, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 70: Brazil, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 71: Middle East, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 72: Middle East, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 73: Middle East, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 74: Africa, Foreign Exchange Market, Segmentation By Counterparty, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 75: Africa, Foreign Exchange Market, Segmentation By Trade Finance Instruments, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 76: Africa, Foreign Exchange Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
  • Figure 77: JPMorgan Chase and Co. Financial Performance
  • Figure 78: Citibank N. A. Financial Performance
  • Figure 79: HSBC Holdings plc Financial Performance
  • Figure 80: BNP Paribas Société Anonyme Financial Performance
  • Figure 81: The Goldman Sachs Group Inc. Financial Performance

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Frequently Asked Questions

Foreign exchange refers to the exchange of one currency for another at a predetermined rate, or foreign exchange rate. The foreign securities market, with a nominal worth of trillions of dollars, is made up primarily of foreign exchange markets. These are used in currency pairings that are valued one against the other. For further insights on this market, request a sample here

The market major growth driver - The Impact Of Surging International Transactions On The Growing Foreign Exchange Market. For further insights on this market, request a sample here

The foreign exchange market size has grown strongly in recent years. It will grow from $792.43 billion in 2024 to $838.11 billion in 2025 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to globalization and international trade, interest rate differentials, government policies and monetary interventions, speculation and investment flows, balance of payments and economic indicators. The foreign exchange market size is expected to see strong growth in the next few years. It will grow to $1088.73 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to political and geopolitical developments, commodity prices and resource exports, pandemic recovery and risk appetite, inflationary pressures, emerging market dynamics. Major trends in the forecast period include rise of retail forex trading, enhanced risk management strategies, global economic recovery impact, focus on ESG (environmental, social, governance), technological infrastructure investments. For further insights on this market, request a sample here

The foreign exchangemarket covered in this report is segmented –
1) By Counterparty: Reporting Dealers, Other Financial Institutions, Non-Financial Customers
2) By Trade Finance Instruments: Currency Swaps, FX Options
3) By End User: Individuals, Retailers, Corporate Institutes, Government, Other End Users Subsegments:
1) By Reporting Dealers: Banks, Brokers, Investment Firms
2) By Other Financial Institutions: Hedge Funds, Insurance Companies, Asset Managers
3) By Non-Financial Customers: Corporates, Retail Traders, Government Entities For further insights on this market, request a sample here

North America was the largest region in the foreign exchange market in 2024. The regions covered in the foreign exchange market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on this market, request a sample here.

Major companies operating in the foreign exchange market include JPMorgan Chase and Co., Citibank N. A., HSBC Holdings plc, BNP Paribas Société Anonyme, The Goldman Sachs Group Inc., UBS Group AG, Deutsche Bank AG, The Bank of Nova Scotia, Barclays plc, State Bank Of India, Standard Chartered plc, State Street Corporation, Royal Bank of Scotland plc, Commonwealth Bank of Australia, Interactive Brokers Group LLC, eToro Group Limited, Saxo Bank A/S, Swissquote Group Holding SA, CMC Markets plc, GAIN Capital Holdings Inc., IG Group Holdings plc, AvaTrade Ltd., City Index Limited, OANDA Corporation, Alpari UK Limited, Admiral Markets Ltd., Pepperstone Group Limited, Dukascopy Bank SA, Octa Markets Incorporated, FxPro UK Limited . For further insights on this market, request a sample here.

Major trends in this market include Ebixcash Limited Takes The Lead In Foreign Exchange Market With Innovative Self-Booking Corporate Tool. For further insights on this market, request a sample here.

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Global Foreign Exchange Market Report 2025

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