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According to the latest report by IMARC Group, titled "Foreign Exchange Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the global foreign exchange market experienced healthy growth during 2014-2019. Foreign exchange (forex) is the systematic process of converting one currency into another. The system is used to facilitate the flow of money that is derived from international trade. With no centralized location, the forex market consists of an electronic network of banks, brokers, institutions, and individual traders who trade through banks or brokers.
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Foreign Exchange Market Global Industry Trends, Share, Size, Growth, Opportunity and Forecast IMARC Impactful Insights The market is projected to witness moderate growth during the next five years By Counterparty • Reporting Dealers • Other Financial Institutions • Non-financial Customers Market Dynamics and Segments By Instruments • Currency Swap • Outright Forward and FX Swaps • FX Options By Region • Asia Pacific • North America • Europe • Latin America • Middle East and Africa