Foreign Exchange Global Market Report 2024 - Research and Markets (2024)

1. Executive Summary2. Foreign Exchange Market Characteristics3. Foreign Exchange Market Trends and Strategies

4. Foreign Exchange Market - Macro Economic Scenario

4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market

5. Global Foreign Exchange Market Size and Growth

5.1. Global Foreign Exchange Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Foreign Exchange Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Foreign Exchange Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)

6. Foreign Exchange Market Segmentation

6.1. Global Foreign Exchange Market, Segmentation by Counterparty, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Reporting Dealers
Other Financial Institutions
Non-Financial Customers

6.2. Global Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Currency Swaps
FX Options

6.3. Global Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Individuals
Retailers
Corporate Institutes
Government
Other End Users

7. Foreign Exchange Market Regional and Country Analysis

7.1. Global Foreign Exchange Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Foreign Exchange Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Foreign Exchange Market

8.1. Asia-Pacific Foreign Exchange Market Overview
Region Information, Impact of COVID-19, 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, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Foreign Exchange Market

10.1. India Foreign Exchange Market, Segmentation by Counterparty, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Foreign Exchange Market

12.1. Australia Foreign Exchange Market, Segmentation by Counterparty, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Foreign Exchange Market

13.1. Indonesia Foreign Exchange Market, Segmentation by Counterparty, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Foreign Exchange Market

16.1. UK Foreign Exchange Market, Segmentation by Counterparty, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Foreign Exchange Market

17.1. Germany Foreign Exchange Market, Segmentation by Counterparty, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Foreign Exchange Market

18.1. France Foreign Exchange Market, Segmentation by Counterparty, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Foreign Exchange Market

19.1. Italy Foreign Exchange Market, Segmentation by Counterparty, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Foreign Exchange Market

20.1. Spain Foreign Exchange Market, Segmentation by Counterparty, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Foreign Exchange Market

22.1. Russia Foreign Exchange Market, Segmentation by Counterparty, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Foreign Exchange Market

27.1. Brazil Foreign Exchange Market, Segmentation by Counterparty, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Foreign Exchange Market, Segmentation by Trade Finance Instruments, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Foreign Exchange Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ 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. JP Morgan Chase & Co.
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Citibank N. A.
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. HSBC Holdings plc
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. BNP Paribas Société Anonyme
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. The Goldman Sachs Group Inc.
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance

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 Benchmarking33. Global Foreign Exchange Market Competitive Dashboard34. Key Mergers and Acquisitions in the Foreign Exchange Market

35. Foreign Exchange Market Future Outlook and Potential Analysis

35.1 Foreign Exchange Market in 2028 - Countries Offering Most New Opportunities
35.2 Foreign Exchange Market in 2028 - Segments Offering Most New Opportunities
35.3 Foreign Exchange Market in 2028 - 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. About the Analyst
36.6. Copyright and Disclaimer

Foreign Exchange Global Market Report 2024 - Research and Markets (2024)

FAQs

How big is the forex market in 2024? ›

The foreign exchange market size has grown strongly in recent years. It will grow from $752.66 billion in 2023 to $795.91 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%.

What is the future market in foreign exchange market? ›

Currency futures are futures contracts for currencies that specify the price of exchanging one currency for another at a future date. The rate for currency futures contracts is derived from spot rates of the currency pair. Currency futures are used to hedge the risk of receiving payments in a foreign currency.

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Which of the following is true of foreign exchange markets? ›

Which of the following is true of foreign exchange markets? The foreign exchange market is a single gathering place where traders shout buy - and - sell orders at each other. Individuals ' exchanges of currencies comprise the largest portion of overall foreign exchange trading.

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What is forex trading in India? ›

Forex trading is done to make profits from changes in the value of a currency. Currency values change due to various economic and political factors, including balance of payments, inflation, and interest rate changes.

What is the currency trend in 2024? ›

The 2024 forex outlook suggests potential shifts in currency trends from bullish to bearish and vice versa. Overall, the stance looks slightly bullish based on the predictions. The landscape may favor greater diversification among investors for several currency pairs due to expectations of US interest rate cuts.

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How big is the forex market compared to the stock market? ›

Size of the Fore Market vs.

The forex market is significantly larger than the stock market. The forex market has an average daily trading volume of around $7 quadrillion, while the stock market has an average daily trading volume of around $200 billion.

Is the foreign exchange market growing or Shrinking in the world? ›

Foreign Exchange Market size to increase by USD 516.48 billion between 2023 to 2028| Increasing market liquidity to drive the market growth - Technavio. The Foreign Exchange Market experiences growth driven by enhanced liquidity.

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What are the problems with foreign exchange market? ›

There are three main types of foreign exchange risk, also known as foreign exchange exposure: transaction risk, translation risk, and economic risk. A fourth – jurisdiction risk – arises when laws unexpectedly change in the country where the exporter is doing business.

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What is the analysis of foreign exchange markets? ›

Forex analysis is the study of determining whether to buy, sell, or wait on trading a currency pair. Currencies trade in pairs, with the exchange rates based on the price of one currency relative to the other. Major types of analysis include technical and fundamental, with many traders using a blend of both approaches.

Which of the following is the biggest foreign exchange market? ›

The U.S. dollar is so widely traded partially because the New York Stock Exchange is the biggest foreign exchange center in the world.

What is the most common foreign exchange market? ›

The US dollar is by far the most traded currency in the forex market, with a global daily average trading volume of about $6.6 trillion. In fact, USD takes such a large precedent in forex markets that all 'major' currency pairs in foreign exchange trading include the dollar.

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Is forex trading legal in the US? ›

Are Forex Brokers and Forex trading legal in the U.S.? Yes, forex brokers are legal in the U.S., but they must be registered with and regulated by the Commodity Futures Trading Commission (CFTC) and be members of the National Futures Association (NFA).

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Is forex trading better than stocks? ›

In the debate Forex vs Stock trading for beginners, there is no one definitive answer. Forex trading typically involves short-term potential but also entails higher risk when compared to stock trading. Forex market requires daily attention, so the traders must devote more time in learning concepts like currency pairs.

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Is forex trading profitable? ›

Many retail traders turn to the forex market in search of fast profits. Statistics show that most aspiring forex traders fail, and some even lose large amounts of money. Leverage is a double-edged sword, as it can lead to outsized profits but also substantial losses.

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What is the stock market trend in 2024? ›

Analysts are projecting S&P 500 earnings growth will accelerate to 9.7% in the second quarter and S&P 500 companies will report an impressive 10.8% earnings growth for the full calendar year in 2024.

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What is the size of a forex future? ›

Typically, currency futures contracts trade in a standard size of 100,000 units of the base currency, such as $100,000 in the case of U.S. dollars (USD). E-Micro Forex Futures, however, are one-tenth this size, or 10,000 units of base currency per contract.

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How much longer will forex be around? ›

even with the introduction of CBDCs , forex will never disappear. why? simply be cause its value is the backbone of e financial system. As long as there are humans, there will always be something to trade.

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How large is the forex market? ›

Turnover in global foreign exchange (FX) markets reached $7.5 trillion per day in April 2022 (Graph 1, panel A),² a volume that is 30 times greater than daily global GDP. The Triennial Central Bank Survey of over-the-counter (OTC) foreign exchange turnover ("Triennial Survey") offers a glimpse into this vast FX market.

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