Overview

Cashing in: Increasing international travel to Australia boosts demand for industry services

The Foreign Currency Exchange Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • A weaker Australian dollar will attract more overseas students and aid revenue growth

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    Industry Analysis & Industry Trends

    Demand for foreign currency exchange services has grown strongly over the past five years as world economies have become more interconnected. Growth in the volume of foreign currency exchange transactions is expected to be underpinned by the rising volume of people travelling into and out of Australia. Strong growth in the number of international students choosing to study in Australia has also contributed to the rise in industry demand over the period. Over the five years through 2016-17, industry revenue is forecast to grow at an annualised 5.7% to reach $1.6 billion. Industry revenue is expected to grow by 5.1% in the current year as the number of overseas visitors and international students entering Australia continues to grow...

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    What is the Foreign Currency Exchange Services industry?

    The Foreign Currency Exchange Services industry exhibits medium market share concentration. While few players dominate the industry, the big four banks, other commercial banks and deposit-taking institutions play a significant role in the industry due to their size and scope of operations. Outside these large financial institutions, there is a higher level of concentration within specialist industry service providers. Among these, Travelex and American Express are the largest players, with significant kiosk and instore foreign exchange operations. IBISWorld expects industry concentration to rise over the next five years, as larger players snap up struggling participants. Thi...

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    Additional Insights for the Foreign Currency Exchange Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Foreign Currency Exchange Services Industry are

  • Ability to control stock on hand
  • Having a good reputation
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as International travel to Australia and International travel by Australians in the Foreign Currency Exchange Services industry impact industry performance..

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    New Zealand Special Report

    Products & Brands

    Major products in this industry
    Kiosk operations
    Retail bank foreign exchange
    Online foreign exchange
    Instore foreign exchange

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • International travel to Australia
  • International travel by Australians
  • Number of foreign students
  • Net migration
  • Trade-weighted index

  • Current Performance
  • Fluctuating Australian dollar
  • Tourism and travel
  • Moving away from the banks
  • Profitability and other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Tourism and travel
  • Profitability and technology
  • Table: Foreign Currency Exchange Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Foreign Currency Exchange Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Computer and Software Retailing
  • Financial Planning and Investment Advice
  • National and Regional Commercial Banks

  • Products & Services
  • Retail bank foreign exchange
  • Kiosk operations
  • Online foreign exchange
  • Instore foreign exchange
  • Chart: Foreign Currency Exchange Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 41 to 60 years
  • Consumers aged 26 to 40 years
  • Consumers aged 25 years and under
  • Consumers aged 61 years and older
  • Chart: Major Market Segmentation for the Foreign Currency Exchange Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Foreign Currency Exchange Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Foreign Currency Exchange Services Industry

  • Industry Globalization
    Major Companies
    Travelex Limited
  • Table: Travelex Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Foreign Currency Exchange Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Foreign Currency Exchange Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Bid-Ask Spread
  • The difference between the buying and selling price of a currency.
  • Hedging
  • An investment position that aims to offset any risk posed by a companion investment.
  • Spot Rate
  • The immediate market price for a foreign currency.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Foreign Currency Exchange Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Foreign Currency Exchange Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Foreign Currency Exchange Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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