PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1418667
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1418667
According to SPER market research, "GCC Foreign Exchange Market Size - By Counterparty, By Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2033" state that the GCC Foreign Exchange Market is predicted to reach with CAGR of 8.64%.
Unlike stock trading, which occurs on a centralized exchange, forex trading is decentralized. Rather, it takes place in an over-the-counter (OTC) market directly between two parties. The market is open for business five days a week, 24 hours a day, because of the nature of the economy and the various time zones in which its participants are located. Foreign exchange therefore plays a crucial role in the economy by enabling easy financial transactions between nations and economies and by giving investors the chance to profit from fluctuations in currency values.
Since the currencies of the GCC countries are intimately linked to international trade, distractions in trade and economic activity on a global scale brought about by COVID-19 lockdown and restrictions may have an impact on them. Remittances and tourist declines, two major drivers of several GCC countries' economy, could have an impact on exchange rates and currency flows.
By Counterparty: Based on the Counterparty, GCC Foreign Exchange Market is segmented as; Reporting Dealers, Other Financial Institutions, Non-financial Customers.
By Type: Based on the Type, GCC Foreign Exchange Market is segmented as; Currency Swap, Outright Forward and FX Swaps, FX Options
By Region: This research also includes data for Oman, Qatar, Saudi Arabia, UAE , Others.
16 List of Abbreviations
17 Reference Links
18 Conclusion
19 Research Scope