The Foreign Currency Exchange Services industry is significantly affected by demand for international travel, among other downstream factors. Over the five years to 2014, the industry experienced an increase in revenue thanks to the recovery of international trade and technological advancements, which make it easier for consumers to use industry services. Over the next five years, industry revenue is forecast to benefit from the continued improvement of downstream demand. Nevertheless, external competition from commercial banks is also expected to increase, constricting profit margins.
This industry includes firms that offer foreign currency exchange services to consumers and businesses. Industry services include business-to-business payment services, credit and debit card processing services for foreign transactions and traditional currency exchange. Bank-holding companies that do not charge fees for foreign currency exchange services are not included in the industry, while industry-specific ATMs are not considered establishments.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.