GCC Foreign Exchange Market Growth, Size, Trends, Share, Revenue, Demand and Future Outlook: SPER Market Research

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Published: Jan 2024	Report ID: BFSI2404	Pages: 1 - 155	Formats^*:
Category : BFSI

GCC Foreign Exchange Market Introduction and Overview

According to SPER Market Research, the GCC Foreign Exchange Market is estimated to reach USD XX billion by 2033 with CAGR of 8.64%.

The report includes an in-depth analysis of the GCC Foreign Exchange Market, including market size and trends, product mix, applications, and supplier analysis. The market where national currencies are exchanged against one another is referred to as foreign exchange, or forex or FX. It is the world's biggest and most liquid financial market. Participants in the foreign exchange market, such as banks, businesses, and private citizens, purchase, sell, and speculate on currency pairs. These exchanges may take place for a number of purposes, including supporting global trade, protecting against currency risk, or making money off of swings in exchange rates.

2008: Following the global crisis, financial regulators within the region started to implement stricter regulations and began to crack down on unregulated entities.

Market Opportunities and Challenges

New industries are emerging and drawing foreign investments as the GCC countries work to diversify their economies away from their reliance on oil, which boosts forex activity. This is one of the main things driving the market expansion, together with the bettering trade ties with other nations. Furthermore, changes in oil prices have the ability to affect the GCC's currencies because they normally increase these nations' revenue. In addition, the GCC region's tourist industry is expanding quickly, especially in nations like Saudi Arabia and the United Arab Emirates, which generates a significant quantity of foreign exchange and hence supports market expansion. Furthermore, the GCC governments' choices about fiscal policy, such as adjustments to tax rates, public spending, and borrowing, have a big influence on the value of their own currencies.

The economies of the GCC rely heavily on oil exports. The stability of respective currencies can be impacted by changes in oil prices, which can also have an effect on trade balances and foreign exchange reserves. A lot of GCC nations are attempting to diversify their economies away from the oil industry. Economic diversification can be difficult since it requires moving away from revenue streams that are heavily dependent on oil, which affects currency dynamics. Geopolitical issues are common in the area, and uncertainty can lower investor confidence and cause currency values to fluctuate. The mood of the foreign currency market can also be impacted by geopolitical developments. The GCC foreign exchange market may be impacted by shifts in the state of the world economy, including changes in interest rates and the economic policies of major nations. The area is not cut off from the larger picture of the world economy.

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Market Competitive Landscape

A thorough examination of the competitive environment in the GCC foreign exchange market has also been included in the paper. The research includes information on competition analysis, including market structure, key player positioning, and top winning tactics, competitive dashboard, and firm evaluation quadrant. All significant companies have also been given thorough profiles. Some of major players are Barclays, BNP Paribas, Citibank, Deutsche Bank, Goldman Sachs, HSBC Holdings plc. , JPMorgan Chase & Co., The Royal Bank of Scotland, UBS AG, Standard Chartered PLC, State Street Corporation, and XTX Markets Limited and various others.

Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Counterparty, By Type
Regions covered	Oman, Qatar, Saudi Arabia, UAE, Others
Companies Covered	Barclays, BNP Paribas, Citibank, Deutsche Bank, Goldman Sachs, HSBC Holdings plc., JPMorgan Chase & Co., The Royal Bank of Scotland, UBS AG, Standard Chartered PLC, State Street Corporation, and XTX Markets Limited and various others.

COVID-19 Impact on GCC Foreign Exchange Market

The COVID-19 epidemic significantly reduced the world's demand for oil, which is important because the GCC countries mostly depend on oil exports. The GCC region's economy faced difficulties as a result of this and a price war between the main oil-producing countries, which can have an effect on the region's currencies' value in the foreign currency market. Global financial markets, particularly foreign currency markets, saw heightened volatility as a result of the pandemic's uncertainties and economic disruptions. Changes in market sentiment and economic conditions may cause swings in currency prices. It's possible that governments in the GCC area carried out a number of interventions and economic stimulus programs to lessen the pandemic's effects. In the foreign exchange market, these actions have the potential to affect trading patterns and currency values.

Key Target Audience:

Financial institutions
Multinational Corporations
Central Banks
Hedge Funds
Institutional Investors
Individual Traders

Our in-depth analysis of the GCC Foreign Exchange Market includes the following segments:

By Counterparty:	Non-financial Customers Other Financial Institutions Reporting Dealers
By Type:	Currency Swap FX Options FX Swaps Outright Forward
By Region:	Kuwait Oman Qatar Saudi Arabia UAE

Key Topics Covered in the Report:

GCC Foreign Exchange Market Size (FY’2023-FY’2033)
Overview of GCC Foreign Exchange Market
Segmentation of GCC Foreign Exchange Market By Counterparty (Reporting Dealers, Other Financial Institutions, Non-financial Customers)
Segmentation of GCC Foreign Exchange Market By Type (Currency Swap, Outright Forward and FX Swaps, FX Options)
Statistical Snap of GCC Foreign Exchange Market
Expansion Analysis of GCC Foreign Exchange Market
Problems and Obstacles in GCC Foreign Exchange Market
Competitive Landscape in the GCC Foreign Exchange Market
Impact of COVID-19 and Demonetization on GCC Foreign Exchange Market
Details on Current Investment in GCC Foreign Exchange Market
Competitive Analysis of GCC Foreign Exchange Market
Prominent Players in the GCC Foreign Exchange Market
SWOT Analysis of GCC Foreign Exchange Market

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the GCC Foreign Exchange Market

5. Market variable and outlook

5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. GCC Foreign Exchange Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in GCC Foreign Exchange Market

7. GCC Foreign Exchange Market, By Counterparty (USD Million)

7.1. GCC Foreign Exchange Market Value Share and Forecast, By Counterparty, 2023-2033
7.2. Non-financial Customers
7.3. Other Financial Institutions
7.4. Reporting Dealers

8. GCC Foreign Exchange Market, By Type (USD Million)

8.1. GCC Foreign Exchange Market Value Share and Forecast, By Type, 2023-2033
8.2. Currency Swap
8.3. FX Options
8.4. FX Swaps
8.5. Outright Forward

9. GCC Foreign Exchange Market Forecast, 2019-2033 (USD Million)

9.1. GCC Foreign Exchange Market Size and Market Share

10. GCC Foreign Exchange Market, By Counterparty, 2019-2033 (USD Million)

10.1. GCC Foreign Exchange Market Size and Market Share By Counterparty (2019-2026)
10.2. GCC Foreign Exchange Market Size and Market Share By Counterparty (2027-2033)

11. GCC Foreign Exchange Market, By Type, 2019-2033 (USD Million)

11.1. GCC Foreign Exchange Market Size and Market Share By Type (2019-2026)
11.2. GCC Foreign Exchange Market Size and Market Share By Type (2027-2033)

12. GCC Foreign Exchange Market, By Region, 2019-2033 (USD Million)

12.1. GCC Foreign Exchange Market Size and Market Share By Region (2019-2026)
12.2. GCC Foreign Exchange Market Size and Market Share By Region (2027-2033)

12.2.1. Bahrain
12.2.2. Kuwait
12.2.3. Oman
12.2.4. Qatar
12.2.5. Saudi Arabia
12.2.6. UAE
12.2.7. Others

13. Company Profile

13.1. BNP Paribas
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Barclays
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Citibank
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Deutsche Bank
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Goldman Sachs
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. HSBC Holdings plc.
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. JPMorgan Chase & Co.
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Standard Chartered PLC
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
15.20 Others

16 List of Abbreviations

17 Reference Links

18 Conclusion

19 Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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Frequently Asked Questions About This Report

How big is the GCC Foreign Exchange Market?

GCC Foreign Exchange Market is projected to reach USD XX billion by 2033, growing at a CAGR of 8.64% during the forecast period.

What is the growth rate of the GCC Foreign Exchange Market?

GCC Foreign Exchange Market size from 2022. The Market is expected to reach USD XX billion by 2033, at a CAGR of 8.64% during the forecast period.

What is the anticipated CAGR of the GCC Foreign Exchange Market?

GCC Foreign Exchange Market CAGR of 8.64% during the forecast period.

How can I get a sample report on the GCC Foreign Exchange Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the GCC Foreign Exchange Market?

GCC Foreign Exchange Market size is USD XX billion from 2023 to 2033.

Which segment is expected to GCC Foreign Exchange Market?

GCC Foreign Exchange Market Segment is covered By Counterparty, By Type.

Which region is expected to have the highest market share in the GCC Foreign Exchange Market?

The Middle East and Africa is anticipated to have the highest market share in the GCC Foreign Exchange Market.

Who are the key players in GCC Foreign Exchange Market?

"The key players in the market include Companies Covered Barclays, BNP Paribas, Citibank, Deutsche Bank, Goldman Sachs, HSBC Holdings plc., JPMorgan Chase & Co., The Royal Bank of Scotland, UBS AG, Standard Chartered PLC, State Street Corporation, and XTX Markets Limited and various others."

What is the conclusion of the GCC Foreign Exchange Market?

New industries are emerging and drawing foreign investments as the GCC countries work to diversify their economies away from their reliance on oil, which boosts forex activity.