Graph and download economic data for Money Market Funds; Total Financial Assets, Level (MMMFFAQ027S) from Q4 1945 to Q1 2025 about MMMF, IMA, financial, assets, and USA.

The MSCI World index dropped sharply in the four weeks between February 16 and March 15, 2020, shedding 31.3 percent of its value. This, of course, was due to the economic impact of the global coronavirus (COVID-19) pandemic. It was not until November 2020 that the index recovered to the levels seen in early 2020. On July 20, 2025, it reached over 4,086 index points, the highest value during the observed period. 1,583 companies from 23 developed economies are included in the MSCI World Index. While a world index in the sense of covering developed markets in North America, Western Europe, and the Asia-Pacific region, it has been criticized for how it excludes companies located in large developing economies such as China, Russia, Brazil, India, and South Africa.

Graph and download economic data for Private Depository Institutions and Money Market Funds; Commercial Paper Issued by the Rest of the World; Asset (FWTW), Transactions (BOGZ1FU783069165Q) from Q4 1946 to Q3 2021 about issues, MMMF, commercial paper, transactions, World, commercial, assets, private, and depository institutions.

Graph and download economic data for Money Market Funds; Commercial Paper Issued by the Rest of the World; Asset (FWTW), Level (BOGZ1FL633069125A) from 1945 to 2024 about issues, MMMF, commercial paper, World, commercial, and assets.

Spain Other MFIs: Money Market Funds: Assets: Rest of the World data was reported at 1,600.000 EUR mn in Sep 2018. This records an increase from the previous number of 1,574.800 EUR mn for Aug 2018. Spain Other MFIs: Money Market Funds: Assets: Rest of the World data is updated monthly, averaging 339.200 EUR mn from Jan 1986 (Median) to Sep 2018, with 393 observations. The data reached an all-time high of 4,616.500 EUR mn in Oct 2004 and a record low of 0.000 EUR mn in Dec 2007. Spain Other MFIs: Money Market Funds: Assets: Rest of the World data remains active status in CEIC and is reported by Bank of Spain. The data is categorized under Global Database’s Spain – Table ES.KB017: Balance Sheet: MFIs: Other MFIs: Money Market Funds.

Since 2000, the financial assets of the money market mutual funds in the United States grew steadily. In 2024, the financial assets of the money market mutual funds exceeded 7.2 trillion U.S. dollars, a significant increase of nearly 15 percent compared to the previous year.

Money Market: Rupiah: Interbank: Transaction Frequency Daily Average: 1 Month data was reported at 0.400 Unit mn in Feb 2025. This records a decrease from the previous number of 0.421 Unit mn for Jan 2025. Money Market: Rupiah: Interbank: Transaction Frequency Daily Average: 1 Month data is updated monthly, averaging 1.143 Unit mn from Jan 2013 (Median) to Feb 2025, with 145 observations. The data reached an all-time high of 7.000 Unit mn in Jun 2017 and a record low of 0.045 Unit mn in Sep 2021. Money Market: Rupiah: Interbank: Transaction Frequency Daily Average: 1 Month data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Monetary – Table ID.KAI019: Financial System Statistics: Money Market Sector.

Money Market: Forex: Domestic Interbank (In USD Currency): Transaction Frequency Daily Average: All Tenor data was reported at 38.250 Unit mn in Feb 2025. This records an increase from the previous number of 28.632 Unit mn for Jan 2025. Money Market: Forex: Domestic Interbank (In USD Currency): Transaction Frequency Daily Average: All Tenor data is updated monthly, averaging 23.886 Unit mn from Jan 2013 (Median) to Feb 2025, with 146 observations. The data reached an all-time high of 43.857 Unit mn in Jun 2014 and a record low of 6.409 Unit mn in Sep 2021. Money Market: Forex: Domestic Interbank (In USD Currency): Transaction Frequency Daily Average: All Tenor data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Monetary – Table ID.KAI019: Financial System Statistics: Money Market Sector.

Money Market: Rupiah: Sharia Interbank: Transaction Frequency Daily Average: All Tenor data was reported at 25.450 Unit mn in Feb 2025. This records an increase from the previous number of 23.368 Unit mn for Jan 2025. Money Market: Rupiah: Sharia Interbank: Transaction Frequency Daily Average: All Tenor data is updated monthly, averaging 13.644 Unit mn from Jan 2013 (Median) to Feb 2025, with 146 observations. The data reached an all-time high of 278.000 Unit mn in Dec 2016 and a record low of 1.619 Unit mn in Jan 2013. Money Market: Rupiah: Sharia Interbank: Transaction Frequency Daily Average: All Tenor data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Monetary – Table ID.KAI019: Financial System Statistics: Money Market Sector.

Money Market: Forex: Overseas Interbank (In USD Currency): Transaction Volume Daily Average: 1 Month data was reported at 340,350.000 USD th in Feb 2025. This records an increase from the previous number of 67,105.263 USD th for Jan 2025. Money Market: Forex: Overseas Interbank (In USD Currency): Transaction Volume Daily Average: 1 Month data is updated monthly, averaging 61,009.500 USD th from Jan 2013 (Median) to Feb 2025, with 146 observations. The data reached an all-time high of 405,833.333 USD th in Feb 2024 and a record low of 14,262.625 USD th in Jun 2017. Money Market: Forex: Overseas Interbank (In USD Currency): Transaction Volume Daily Average: 1 Month data remains active status in CEIC and is reported by Bank Indonesia. The data is categorized under Indonesia Premium Database’s Monetary – Table ID.KAI019: Financial System Statistics: Money Market Sector.

United States Assets: Flow: Money Market Mutual Funds (MM) data was reported at -54.345 USD bn in Mar 2018. This records a decrease from the previous number of 99.599 USD bn for Dec 2017. United States Assets: Flow: Money Market Mutual Funds (MM) data is updated quarterly, averaging 0.000 USD bn from Dec 1951 (Median) to Mar 2018, with 266 observations. The data reached an all-time high of 411.944 USD bn in Dec 2008 and a record low of -332.086 USD bn in Mar 2010. United States Assets: Flow: Money Market Mutual Funds (MM) data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s USA – Table US.AB024: Funds by Sector: Flows and Outstanding: Mutual Funds.

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Foreign Exchange Market Size 2025-2029

The foreign exchange market size is forecast to increase by USD 582 billion, at a CAGR of 10.6% between 2024 and 2029.

The Foreign Exchange Market is segmented by type (reporting dealers, financial institutions, non-financial customers), trade finance instruments (currency swaps, outright forward and FX swaps, FX options), trading platforms (electronic trading, over-the-counter (OTC), mobile trading), and geography (North America: US, Canada; Europe: Germany, Switzerland, UK; Middle East and Africa: UAE; APAC: China, India, Japan; South America: Brazil; Rest of World). This segmentation reflects the market's global dynamics, driven by institutional trading, increasing digital adoption through electronic trading and mobile trading, and regional economic activities, with APAC markets like India and China showing significant growth alongside traditional hubs like the US and UK.
The market is experiencing significant shifts driven by the escalating trends of urbanization and digitalization. These forces are creating 24x7 trading opportunities, enabling greater accessibility and convenience for market participants. However, the market's dynamics are not without challenges. The uncertainty of future exchange rates poses a formidable obstacle for businesses and investors alike, necessitating robust risk management strategies. As urbanization continues to expand and digital technologies reshape the trading landscape, market players must adapt to remain competitive. One significant trend is the increasing use of money transfer agencies, venture capital investments, and mutual funds in foreign exchange transactions. Companies seeking to capitalize on these opportunities must navigate the challenges effectively, ensuring they stay abreast of exchange rate fluctuations and implement agile strategies to mitigate risk.
The ability to adapt and respond to these market shifts will be crucial for success in the evolving market.

What will be the Size of the Foreign Exchange Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic and intricate realm of the market, entities such as algorithmic trading, order book, order management systems, and liquidity risk intertwine, shaping the ever-evolving market landscape. The market's continuous unfolding is characterized by the integration of various components, including sentiment analysis, Fibonacci retracement, mobile trading, and good-for-the-day orders. Market activities are influenced by factors like political stability, monetary policy, and market liquidity, which in turn impact economic growth and trade settlement. Technical analysis, with its focus on chart patterns and moving averages, plays a crucial role in informing trading decisions. The market's complexity is further amplified by the presence of entities like credit risk, counterparty risk, and operational risk.

Central bank intervention, order execution, clearing and settlement, and trade confirmation are essential components of the market's infrastructure, ensuring a seamless exchange of currencies. Geopolitical risk, currency correlation, and inflation rates contribute to currency volatility, necessitating hedging strategies and risk management. Market risk, interest rate differentials, and commodity currencies influence trading strategies, while cross-border payments and brokerage services facilitate international trade. The ongoing evolution of the market is marked by the emergence of advanced trading platforms, automated trading, and real-time data feeds, enabling traders to make informed decisions in an increasingly interconnected and complex global economy.

How is this Foreign Exchange Industry segmented?

The foreign exchange industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Reporting dealers
  Financial institutions
  Non-financial customers


Trade Finance Instruments

  Currency swaps
  Outright forward and FX swaps
  FX options


Trading Platforms

  Electronic Trading
  Over-the-Counter (OTC)
  Mobile Trading


Geography

  North America

    US
    Canada


  Europe

    Germany
    Switzerland
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The reporting dealers segment is estimated to witness significant growth during the forecast period.

The market is a dynamic and complex ecosystem where various entities interplay to manage currency risks and facilitate international trade. Reporting dealers, as key participants,

The three month interbank lending rate in the United States has declined sharply since 2007, when it stood at over five percent. The global financial crisis of 2008-2009 saw the rate collapse to around 0.2 percent by early 2010, with the figure generally remaining below 0.5 percent until late 2015. From late 2015 the rate somewhat recovered, reaching a peak of 2.69 percent in December 2018. However, the economic impact of the global coronavirus (COVID-19) pandemic saw the three month interbank rate collapse again. Since the beginning of 2022, however, the rate increased again and peaked 5.49 percent in September 2023. As of June 2025 the rate stood at 4.31 percent.

United States - Rest of the World; U.S. Money Market Fund Shares; Asset, Level was 213053.00000 Mil. of $ in January of 2024, according to the United States Federal Reserve. Historically, United States - Rest of the World; U.S. Money Market Fund Shares; Asset, Level reached a record high of 213053.00000 in January of 2024 and a record low of 0.00000 in January of 1946. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Rest of the World; U.S. Money Market Fund Shares; Asset, Level - last updated from the United States Federal Reserve on July of 2025.

Global Financial Services market size is expected to reach $47348.26 billion by 2029 at 7.2%, segmented as by type, lending and payments, insurance, reinsurance and insurance brokerage, investments, foreign exchange services

United States - Rest of the World; U.S. Money Market Fund Shares; Asset, Transactions was 47548.00000 Mil. of $ in October of 2024, according to the United States Federal Reserve. Historically, United States - Rest of the World; U.S. Money Market Fund Shares; Asset, Transactions reached a record high of 47548.00000 in October of 2024 and a record low of -27232.00000 in October of 2016. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Rest of the World; U.S. Money Market Fund Shares; Asset, Transactions - last updated from the United States Federal Reserve on June of 2025.

United States - Rest of the World; U.S. Money Market Fund Shares; Asset, Level was 217501.00000 Mil. of $ in January of 2025, according to the United States Federal Reserve. Historically, United States - Rest of the World; U.S. Money Market Fund Shares; Asset, Level reached a record high of 217501.00000 in January of 2025 and a record low of 0.00000 in October of 1946. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Rest of the World; U.S. Money Market Fund Shares; Asset, Level - last updated from the United States Federal Reserve on July of 2025.

In 2025, stock markets in the United States accounted for roughly ** percent of world stocks. The next largest country by stock market share was China, followed by the European Union as a whole. The New York Stock Exchange (NYSE) and the NASDAQ are the largest stock exchange operators worldwide. What is a stock exchange? The first modern publicly traded company was the Dutch East Industry Company, which sold shares to the general public to fund expeditions to Asia. Since then, groups of companies have formed exchanges in which brokers and dealers can come together and make transactions in one space. Stock market indices group companies trading on a given exchange, giving an idea of how they evolve in real time. Appeal of stock ownership Over half of adults in the United States are investing money in the stock market. Stocks are an attractive investment because the possible return is higher than offered by other financial instruments.

Global Mobile Money market size is expected to reach $45.54 billion by 2029 at 30%, increasing adoption of mobile pos (point of sale) boosting mobile money demand

Global Money market size 2025 was XX Million. Money Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.