The United Arab Emirates (UAE) continues to solidify its position as a prominent player in the global foreign exchange (FX) market. In 2024, the UAE FX market was valued at approximately USD 4.15 billion and is projected to reach USD 7.4 billion by 2033, reflecting a compound annual growth rate (CAGR) of 6.62% .
Key Drivers of Growth
- Strategic Location and Economic Diversification: The UAE’s status as a global trade and tourism hub facilitates a steady flow of foreign currency and cross-border transactions, underpinning the expansion of its FX market.
- Technological Advancements: The Central Bank of the UAE has introduced a new banking law that expands its regulatory scope to include technology service providers facilitating financial services, aiming to enhance the digital infrastructure supporting the FX market .
- Robust Trading Platforms: CFI Financial Group reported a record-breaking trading volume of USD 1.51 trillion in Q2 2025, with a total of USD 2.79 trillion for the first half of the year, marking a 110% increase compared to the same period in 2024 .
Market Outlook
The UAE’s FX market is poised for continued growth, supported by its strategic initiatives and the expanding digital financial ecosystem. As the country enhances its regulatory framework and technological infrastructure, it is well-positioned to attract increased foreign investment and further establish itself as a leading global FX trading hub.