Frequently Asked Questions:
The COVID-19 pandemic negatively impacted the market, as international trade was at an all-time low. Besides, the foreign currency fluctuated due to economic conditions during the lockdown period, which reduced demand for currency management services. The currency management industry was thus negatively impacted by COVID-19.
In 2022, North America held the largest revenue share of the global currency management market.
The growing need to develop a user-friendly method for currency transactions and the need to secure assets globally are expected to propel the currency management market demand through the forecast period.
The floating currency exchange segment had a major share in the global market in 2022.
The benchmark hedging segment had a major share in the global market.