Global Currency Management Market to Reach $1631.3 Billion by 2031: Allied Market Research

Currency management offers effective foreign exchange execution and currency hedging solutions that help in reducing risks and costs along with increasing efficiency to boost the growth of the global currency management market. In addition, significant growth in international trade among various countries leading to rise in buying and selling of various currencies will open new growth avenues for the global market.

Portland, OR, Nov. 03, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global currency management market generated $331.5 billion in 2021, and is projected to reach $1631.3 billion by 2031, growing at a CAGR of 17.5% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape, and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

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Report coverage & details:

Report Coverage Details
Forecast Period 2022­–2031
Base Year 2021
Market Size in 2021 $331.5 billion
Market Size in 2031 $1631.3 billion
CAGR 17.5%
No. of Pages in Report 285
Segments Covered Exchange Type, Hedge Type, Application, and Region.
Drivers Currency management offers effective foreign exchange execution.
Currency hedging solutions that help in reducing risks and costs along with increasing efficiency.
Opportunities Significant growth in international trade among various countries leading to a rise in buying and selling of various currencies.
Restraints A large number of nations have become self-reliant and do not deal with foreign trade activities.

COVID-19 Scenario:

  • The outbreak of the COVID-19 had a negative impact on the growth of the global currency management market, owing to less global trade during the pandemic period.
  • The rampant spread of the COVID-19 across the globe led to fluctuations in the foreign currency due to lockdowns, thereby leading to a decline in the demand for currency management solutions.
  • The pandemic resulted in a reduction in the demand for buying and selling of foreign exchange, thereby impacting the popularity of currency management services.

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The report offers a detailed segmentation of the global currency management market based on exchange type, hedge type, application, and region.  The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest-growing segments and highest revenue generation that is mentioned in the report.

Based on exchange type, the floating currency exchange segment held the major market share in 2021, holding around three-fourths of the global currency management market share, and is expected to maintain its leadership status during the forecast period. However, the fixed currency exchange segment , is expected to cite the fastest CAGR of 21.7% during the forecast period.

Based on hedge type, the benchmark hedging segment held the largest market share in 2021, accounting for more than half of the global currency management market share, and is expected to maintain its leadership status during the forecast period. However, the share class hedging segment, is expected to cite the fastest CAGR of 21.0% during the forecast period.

Based on application, the commercial and investment banks segment held the major market share in 2021, contributing nearly two-fifths of the global currency management market share, and is expected to maintain its leadership position during the forecast period. However, the multinational corporations segment, is expected to cite the fastest CAGR of 18.9% during the forecast period.

Based on region, the market across the North American region held the major market share in 2021, holding nearly two-fifths of the global currency management market share. However, the Asia-Pacific region is set to dominate the global market share in 2031. In addition, the same region is expected to cite the fastest CAGR of 20.2% during the forecast timeline.

The key players analyzed in the global currency management market report include Acumatica, Inc., LEE OVERLAY PARTNERS LIMITED, Aston, Castle Currency Management Inc., The Canadian Imperial Bank of Commerce (CIBC), ECOUNT Inc., Kantox.com, Mesirow Financial Holdings, Inc., The B. Metzler seel. Sohn & Co. AG, Northern Trust Corporation, Rhicon Currency Management Pte Ltd, Russell Investments Group LLC, State Street Corporation, United Advisors, LLC,  HEDGEFLOWS LTD, and Tripalti, Inc.

The report analyzes these key players in the global currency management market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance, and operating segments by prominent players in the market. 

Key Market Segments

Exchange Type

  • Floating Currency Exchange
  • Fixed Currency Exchange

Hedge Type

  • Portfolio Hedging
  • Share class Hedging
  • Benchmark Hedging

Application

  • Commercial and Investment Banks
  • Central Banks
  • Multinational Corporations
  • Others

By Region

  • North America  (U.S., Canada)
  • Europe  (UK, Germany, France, Italy, Spain, Netherlands, Rest Of Europe)
  • Asia-Pacific  (China, India, Japan, Australia, Singapore, Rest Of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)


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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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