The Global Foreign Exchange Market: Structure, Evolution, and Currency Dynamics

Mehmed Ganić ()
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Mehmed Ganić: International University of Sarajevo

Chapter 5 in Structural Change and Competitive Dynamics in Global Financial Markets, 2026, pp 71-83 from Springer

Abstract: Abstract This chapter examines the development of the foreign exchange market (Forex) and analyzes trends across major financial centers worldwide. This research is descriptive and quantitative, based on detailed data from the BIS central banks’ surveys conducted from 2001 to 2022. It examines global trends in exchange rates, currency pairs, and trading instruments, including their regional distribution. To identify important trends, such as the growing influence of currency swaps and the rise of the Chinese yuan, the analysis also uses CAGR calculations and market share analysis. After that, comparative regional analysis shows different development paths across world regions.

Keywords: Foreign exchange market (FOREX); OTC FX turnover; Currency dynamics; Currency pairs; Geographical distribution of FX trading (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-032-28906-3_5

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DOI: 10.1007/978-3-032-28906-3_5

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