Author: Andrea Fiano

Global Finance names the World’s Best Foreign Exchange Providers 2012


NEW YORK, November 21, 2011 – Global Finance magazine has named the “Best Foreign Exchange Banks and Providers” by country, region and category in an exclusive survey to be published in the January 2012 issue. Deutsche Bank was named as the global winner. Global Finance editors – with input from industry analysts, corporate executives and technology experts – also selected the best currency trading providers in 97 countries or regions. The best online foreign exchange systems were also identified. Criteria for choosing the traditional and online winners included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.

“The foreign exchange market, the world’s largest, trades $4 trillion on an average day, and much more than that when news breaks. Not only is the market getting bigger, but it is also getting faster. Corporations need a good FX bank to guide them through the growing risks and rewards in evolving global markets,” says Joseph D. Giarraputo, publisher and president of Global Finance .

For editorial information please contact: Andrea Fiano, Editor, email:

Global Deutsche Bank

North America Citi
Western Europe Deutsche Bank
Asia-Pacific Standard Chartered
Southeast Asia DBS
Nordic Countries SEB
Central and Eastern Europe Société Générale
Latin America Citi
Middle East Ahli United Bank
Africa Standard Bank

Algeria Citi
Angola BES Angola
Argentina Citi
Armenia Ameriabank
Australia Commonwealth Bank of Australia
Austria Bank Austria
Bahrain Ahli United Bank
Belarus Belarusbank
Belgium BNP Paribas Fortis
Botswana Standard Chartered
Bulgaria Citi
Brazil Itaú Unibanco
Canada Scotiabank
Chile Banco Santander Chile
China Bank of China
Colombia Bancolombia
Costa Rica Citi
Cyprus Bank of Cyprus
Czech Republic CSOB
Denmark Saxo Bank
Ecuador Citi
Egypt CIB
El Salvador Citi
Estonia Swedbank
Finland Nordea
France BNP Paribas
Gambia Standard Chartered
Georgia Bank of Georgia
Germany Deutsche Bank
Greece Eurobank EFG
Guatemala Banco Industrial
Honduras Citi
Hong Kong HSBC
Hungary OTP Bank
India Standard Chartered
Indonesia Standard Chartered
Ireland Citi
Israel Bank Leumi
Italy UniCredit
Jamaica Scotiabank Jamaica
Japan Mitsubishi UFJ Financial
Jordan Arab Bank
Kazakhstan Halyk Bank
Kenya Standard Chartered
Kuwait Gulf Bank
Latvia SEB
Lebanon BLOM Bank
Lithuania SEB
Macedonia Komercijalna Banka ad Skopje
Malaysia Public Bank
Mexico Banamex
Moldova Moldova Agroindbank
Netherlands ING
New Zealand ANZ
Nigeria Stanbic IBTC Bank
Norway SEB
Oman BankMuscat
Pakistan Standard Chartered
Paraguay Banco Itaú Paraguay
Peru Scotiabank Péru
Philippines ING
Poland Bank Pekao
Portugal Banco Santander Totta
Qatar Commercialbank
Romania Banca Comerciala Romana (BCR)
Russia VTB Capital
Saudi Arabia Samba Financial Group
Sierra Leone Standard Chartered
Singapore DBS
Slovak Republic CSOB
Slovenia UniCredit
South Africa Standard Bank
South Korea KEB
Spain Santander
Sweden SEB
Switzerland Credit Suisse
Syria Bank of Syria and Overseas
Taiwan Chinatrust Commercial Bank
Thailand Siam Commercial Bank
Turkey Akbank
Ukraine PrivatBank
United Arab Emirates Emirates NBD
United Kingdom Barclays Capital
United States Citi
Honorable Mention BNY Mellon
Uruguay Citi
Venezuela Banco Mercantil
Vietnam Sacombank
Zambia Standard Chartered

Best FX Research BNY Mellon
Best Fundamental Analysis Brown Brothers Harriman
Best Technical Analysis BNY Mellon
Best Forecasts BNY Mellon
Best Strategy/Hedging Deutsche Bank

Best Bank State Street’s Currenex
Best Independent FXall
Best Retail Forex Capital Markets (FXCM)