Demand for currency exchange services has been growing at an increasing rate as world economies have become more interconnected. This has been occurring at both the wholesale and retail levels. This report focuses on the retail section of the business. Over the five years through 2015-16, industry revenue is forecast to grow at an annualised 4.4% to reach $1.5 billion. This growth is expected to be underpinned by higher numbers of people travelling to and from Australia, and by a larger number of net migrants, who send money to their families overseas.
Firms in this industry offer retail foreign currency exchange services to the public. It excludes wholesale foreign currency dealing services to institutions and investors.
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.