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Foreign Currency Exchange Services in Newfoundland

Author.Name IBISWorld Canada Last Updated: March 2025 NAICS NL52313aCA

Foreign Currency Exchange Services in Newfoundland industry analysis

Revenue for the Foreign Currency Exchange Services industry in Newfoundland And Labrador is expected to decline an annualized -x.x% to $x.x thousand over the five years to 2025, while revenue for the national industry will likely grow at x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to x locations over the past five years. Industry employment has decreased an annualized -x.x% to x workers during the period, while industry wages have decreased an annualized -x.x% to $x.x thousand.

Over the five years to 2030, provincial industry revenue is expected to decline an annualized x% to $x.x thousand, while revenue for the national industry will likely decline -x.x%. The number of industry establishments is forecast to stagnate x% to x locations over the next five years. Industry employment is expected to decrease an annualized -x% to x workers during the outlook period, while industry wages likely decrease -x% to $x.x thousand.

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About the Foreign Currency Exchange Services in Newfoundland Market Research Report

What’s Included in the Foreign Currency Exchange Services in Newfoundland Market Research Report

Definition of the Foreign Currency Exchange Services in Newfoundland?

The Foreign Currency Exchange Services industry in Canada includes operators that offer foreign currency exchange services to consumers and businesses as a primary source of revenue. Industry services include business-to-business payment services and traditional currency exchange. Bank holding companies that do not charge fees for exchange services are not included in the industry, while ATMs are not considered establishments.

What’s included in the Foreign Currency Exchange Services in Newfoundland?

The Foreign Currency Exchange Services in Newfoundland includes providing foreign currency exchange services for consumers, providing currency exchange services for businesses and providing bulk foreign currency exchange to banks. Related terms covered in the Foreign Currency Exchange Services in Newfoundland industry report includes small foreign currency exchange establishments often located in airports, revenue that comes from buying and then selling currencies and the difference between the price buyers are willing to pay for a currency and the price sellers are willing to sell the currency.

Industry Performance of the Foreign Currency Exchange Services industry in Newfoundland

Benchmark the Foreign Currency Exchange Services in Newfoundland industry performance with all NL Census Metropolitan Area and national performance.

Foreign Currency Exchange Services in Newfoundland

#11 in Highest Revenue 0.2% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Foreign Currency Exchange Services in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Foreign Currency Exchange Services industry in Newfoundland

See how key industry drivers, such as gross domestic product, private investment in non-residential construction, gross domestic product, inbound international travel, international trips by canadian residents and number of adults aged 20 to 64 are impacting Foreign Currency Exchange Services in Newfoundland

Newfoundland Economic Indicators

Gross Domestic Product
Private Investment in Non-Residential Construction
Gross Domestic Product

View more economic information in NL State Economic profile

Canada Key External Drivers

Inbound international travel
International trips by Canadian residents
Number of adults aged 20 to 64

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Foreign Currency Exchange Services industry in Newfoundland

Access proprietary data on Census Metropolitan Area in the Foreign Currency Exchange Services in Newfoundland, such as St. John's. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Foreign Currency Exchange Services industry in Newfoundland

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Foreign Currency Exchange Services industry in Newfoundland in 2025?

The market size of the Foreign Currency Exchange Services industry in Newfoundland is $562.5k in 2025.

How many businesses are there in the Foreign Currency Exchange Services industry in Newfoundland in 2025?

There are 1 businesses in the Foreign Currency Exchange Services industry in Newfoundland, which has been declining at an average annual rate of -12.9% from 2020 to 2025.

Has the Foreign Currency Exchange Services industry in Newfoundland grown or declined over the past 5 years?

The market size of the Foreign Currency Exchange Services industry in Newfoundland has been declining at an average annual rate of -9.1% from 2020 to 2025.

How many employees in the Foreign Currency Exchange Services industry in Newfoundland in 2025?

There are 7 employees in the Foreign Currency Exchange Services industry in Newfoundland, which has been declining at an average annual rate of -10.2% from 2020 to 2025.