Foreign Currency Exchange Services in Australia - Market Research Report

Foreign Currency Exchange Services industry trends (2014-2019)

poll Average industry growth 2014–2019: 1.2%

Demand for foreign currency exchange services has grown strongly over the past five years as world economies have become more interconnected. The rising volume of people travelling in and out of Australia has driven growth in the volume of foreign currency exchange transactions. Strong growth in the number of international students studying in Australia has also contributed to rising industry demand over the period. As a result, industry revenue is expected to grow at an annualised 2.1% over the five years through 2019-20, to reach $1.7 billion. This includes anticipated growth of 2.5% in the current year, as an increasing number of overseas visitors and international students enter Australia. The Australian dollar has depreciated over the past five...
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Foreign Currency Exchange Services industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Foreign Currency Exchange Services industry's performance is anticipated to remain strong over the next five years. Continued growth in the volume of foreign visitors entering the country and the number of Australians travelling overseas is forecast to support industry demand. Furthermore, net migration is anticipated to rise over the period, fuelled by an increase in the number of skilled workers seeking employment in Australia. An increase in the range of currencies offered by industry establishments, particularly from post offices, is expected to further bolster industry revenue growth. As at July XXX, Australia Post offers over XX foreign currencies for exchange online and in-store at participating post office. However, the number of internat...
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Foreign Currency Exchange Services industry statistics

  • attach_money Market Size: $2bn
  • business Number of Businesses: 472
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 6,170

Biggest companies in the Foreign Currency Exchange Services industry

The companies holding the largest market share in the Foreign Currency Exchange Services in Australia industry include Travelex Limited and Travelex Limited.

  • pie_chart Travelex Limited Market Share: x.x%
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  • pie_chart Travelex Limited Market Share: x.x%
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What is Foreign Currency Exchange Services industry?

Industry Definition

Companies in the industry sell mobile voice and data plans to consumers and businesses. Industry operators and their parent companies do not own and operate their own mobile networks, but rather buy access from a mobile network operator before on-selling it to customers. Industry operators are often referred to as mobile virtual network operators (MVNOs). Providing non-mobile internet connections through an MVNO is not included in the industry.

Industry Products and Services

  • Telephone and data plans
  • Data only plans
  • Voice only plans
  • All Others

Industry Activities

  • Mobile virtual network operation
  • Retailing of mobile data plans
  • Retailing of mobile voice plans

Market research report - table of contents

Industry Definition

Firms in this industry offer retail foreign currency exchange services to the public. The industry excludes wholesale foreign currency dealing services provided to institutions and investors.

Main Activities

  • Currency exchange services through retail and online outlets

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

People travelling to Australia for holidays or business often use industry services to exchange currency during their stay. As a result, demand for indust...
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International travel to Australia
International travel by Australians
Number of foreign students
Net migration

Current Performance

Tourism and travel
Moving online
Profitability and other trends
 Chart: Revenue Growth

Industry Outlook

Profitability and online disruptors
Foreign currency exchange inquiry
 Table: Foreign Currency Exchange Services in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Foreign Currency Exchange Services in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Consumers






Key Selling Industries

National and Regional Commercial Banks in Australia
Financial Planning and Investment Advice in Australia
Computer and Software Retailing in Australia




Products & Services

The Foreign Currency Exchange Services industry mainly deals with foreign currency exchanges undertaken through retail outlets. Industry players earn a co...
Consumers aged 26 to 40 years
Consumers aged 25 years and under
Consumers aged 61 years and older



Demand Determinants

Several factors, including the number of tourists travelling to and from Australia, influence demand for foreign currency exchange services. Demand for in...
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Major Markets

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 in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Foreign Currency Exchange Services industry exhibits low market share concentration. While Travelex is the largest industry operator, the big four ban...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Foreign Currency Exchange Services in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Foreign Currency Exchange Services in Australia - Market Research Report Industry

Industry Globalization

Travelex Limited is a foreign owned public unlisted company. The company is a wholly owned subsidiary of Travelex Group, which is ultimately owned by Brit...
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Travelex

 Table: Travelex - financial performance

Travelex Limited

 Table: Travelex Limited - financial performance

Capital Intensity

The Foreign Currency Exchange Services industry exhibits moderate capital intensity. For every dollar spent on wages, the industry spends an estimated $0....
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 Chart: Level of Capital Intensity for the Foreign Currency Exchange Services in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Foreign Currency Exchange Services in Australia Industry

Industry Revenue (2007-2026)
Industry Gross Product (2007-2026)
Establishments (2007-2026)
Businesses (2007-2026)
Employment (2007-2026)
Exports (2007-2026)
Imports (2007-2026)
Wages (2007-2026)
Domestic Demand (2007-2026)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Foreign Currency Exchange Services industry?

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This report on Foreign Currency Exchange Services in Australia:

  • 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 in Australia 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

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