About Interbank Foreign Currency Exchange
Interbank foreign exchange is the top foreign exchange market where the banks are involved in currency exchange. They can deal either directly or through a electronic broking platforms. These platforms connect over 1000 banks. The interbank foreign exchange is the important segment of foreign exchange market. For trading among bankers, the wholesale market is used through which most currency transactions are channelled. Moreover, there is no specific location for currency transaction to take place. However, the foreign currency options are regulated in various countries
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The interbank FX market is a constantly evolving landscape where agility, expertise, and strategic positioning are key to success. By understanding the competitive forces and emerging trends, players can navigate this volatile arena and secure their place in the global currency exchange ecosystem. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Interbank Foreign Currency Exchange market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Deutsche Bank (Germany), UBS (Switzerland), Citigroup (United States), HSBC (United Kingdom), CLS group (United States), Bank of America (United States), Chicago Mercantile Exchange (United States), Thomson Reuters (Canada) and ACI (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Electronic broking services (United States), Commodity futures trading co (United States), National futures association (United States), FXall (United States) and XTX markets (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Interbank Foreign Currency Exchange market by and Region.
On the basis of geography, the market of Interbank Foreign Currency Exchange has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Spot market will boost the Interbank Foreign Currency Exchange market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Channel, the sub-segment i.e. Bank to Bank will boost the Interbank Foreign Currency Exchange market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Nature of market, the sub-segment i.e. Foreign exchange retail market will boost the Interbank Foreign Currency Exchange market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Volatility
Market Growth Drivers:
Increase in Trading Activity is Fuelling the Market
Challenges:
Fluctuating Exchange Rates
Restraints:
Changing Political Conditions May Affect the Exchange Rates and Economic instability
Opportunities:
Increasing Trading Volume is Propelling the Market Growth
Market Leaders and their expansionary development strategies
In August 2023, JP Morgan and BNY Mellon Partner to Develop Standardized FX Data Model: This collaboration aims to create a standardized data model for FX transactions, improving market data quality and facilitating data analysis.
In October 2023, FX Markets Launch FX Global Code Compliance Platform. This platform provides resources and tools for market participants to assess and track their compliance with the FX Global Code.
Key Target Audience
Banks, Broking platforms, Government associations, Research organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.