Forex services or foreign exchange services offer exchange of a foreign currency into regional or global currencies. Forex services also include transfer of currency to another currency through digital platforms. It also allows travelers to transfer small amount of money. In addition, it also allows multi-million dollar transfers handled by states, companies, and financial institutions.
This report contains market size and forecasts of Foreign Exchange Services in Global, including the following market information:
Global Foreign Exchange Services Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Foreign Exchange Services market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Professionally Managed Accounts Service Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Foreign Exchange Services include American Express Company, Western Union Holdings, Inc, Capital One Financial Corporation, Bank of America Corporation, Citibank, Wells Fargo, JPMorgan Chase & Co., State Bank of India and Scotiabank and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Foreign Exchange Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Foreign Exchange Services Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Foreign Exchange Services Market Segment Percentages, by Type, 2021 (%)
Professionally Managed Accounts Service
Currency Exchange & Remittance Service
Trading Programs & Advisory Service
Others
Global Foreign Exchange Services Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Foreign Exchange Services Market Segment Percentages, by Application, 2021 (%)
Individuals
Retailers
Corporate Institutes
Government
Others
Global Foreign Exchange Services Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Foreign Exchange Services Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Foreign Exchange Services revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Foreign Exchange Services revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
American Express Company
Western Union Holdings, Inc
Capital One Financial Corporation
Bank of America Corporation
Citibank
Wells Fargo
JPMorgan Chase & Co.
State Bank of India
Scotiabank
GAIN Capital