Foreign exchange services

CPC v2.1 Code: 71592

About foreign exchange services

cpc code 71592 covers the industry of foreign exchange services, which plays a crucial role in the global economy. This industry facilitates the exchange of one currency for another, enabling international trade, investment, and financial transactions. Foreign exchange services are essential for businesses, individuals, and governments engaging in cross-border activities, as they provide the necessary tools to manage currency risk and optimize financial flows.

Production process

The primary production techniques in the foreign exchange services industry involve the use of electronic trading platforms, currency trading algorithms, and market analysis tools. Foreign exchange brokers and dealers utilize these technologies to execute currency trades, monitor market conditions, and provide real-time quotes to their clients. The industry also relies on robust communication networks, secure financial infrastructure, and compliance with regulatory frameworks to ensure the smooth and efficient execution of transactions.

Production inputs

The main inputs required for the foreign exchange services industry include skilled personnel, such as foreign exchange traders, analysts, and compliance officers; advanced technology, including trading platforms, data feeds, and risk management software; and access to global financial markets and liquidity providers. Additionally, the industry requires a strong regulatory framework, reliable banking infrastructure, and a stable geopolitical environment to operate effectively.

Production outputs

The primary output of the foreign exchange services industry is the facilitation of currency exchange transactions, enabling businesses, individuals, and governments to manage their foreign currency exposures and engage in international commerce. The industry's output is consumed by a wide range of 52211 Monetary Authorities - Central Bank, 52212 Commercial Banking, 52213 Savings Institutions, 52214 Credit Unions, and 52219 Other Depository Credit Intermediation industries, as well as 52231 Securities and Commodity Contracts Intermediation and Brokerage and 52239 Other Financial Investment Activities.

Family tree for foreign exchange services

    graph LR
    A["<a href='/classifications/cpc/v2-1/7'>7: Financial and related services; real estate services; and rental and leasing services</a>"]
A --> B["<a href='/classifications/cpc/v2-1/71'>71: Financial and related services</a>"]
B --> C["<a href='/classifications/cpc/v2-1/715'>715: Services auxiliary to financial services other than to insurance and pensions</a>"]
C --> D["<a href='/classifications/cpc/v2-1/7159'>7159: Other services auxiliary to financial services</a>"]
D --> E["<a href='/classifications/cpc/v2-1/71592'>71592: Foreign exchange services</a>"]

    D --> F["<a href='/classifications/cpc/v2-1/71591'>71591: Financial consultancy services</a>"]
D --> G["<a href='/classifications/cpc/v2-1/71593'>71593: Financial transactions processing and clearinghouse services</a>"]
D --> H["<a href='/classifications/cpc/v2-1/71599'>71599: Other services auxiliary to financial services n.e.c.</a>"]

    

    %% Color coordination by level

    classDef level1 color:#000,fill:#a8f9ff,stroke:#333,stroke-width:2px
    classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px
    classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px
    classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px
    classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px



  %% Apply classes
  class A level1
class B level2
class C level3
class D level4
class E level5
class F level5
class G level5
class H level5

  class E highlight

  %% class A level1
  %% class B,C level2
  %% class D,E,F,G,H,I level2
  %% class J,K,L,M,N,O,P level3
  %% class E highlight