Global Finance magazine has named its eighteenth annual World’s Best Foreign Exchange Providers in 104 countries, and 7 global regions, as well as the best banks for FX research & analysis and for FX trading technology. Global Finance also named its Corporate FX Awards honorees, covering FX management and innovation. An exclusive report on all winning organizations will be published in the January 2018 issue.

Best FX logos 2018

Regional and global Foreign Exchange Provider winners were revealed for the first time last night at Global Finance’s first annual Foreign Exchange Awards Dinner at RSA House in London.

Criteria for choosing the Foreign Exchange Providers winners included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies. Global Finance also considered input from industry analysts, corporate executives and technology specialists.

Criteria for the Corporate FX Awards included clearly defined risk management policies, handling of crisis situations, measurement of FX exposure, and cost of hedging. The main objective of FX risk management is to minimize losses, and not to seek profit from currency movements.

“While the global economy is trending toward growth again, the world still contends with unexpected events that impact currencies, from political upheavals like Brexit and war to natural disasters. The institutions that win our FX awards demonstrate sophistication in anticipating and handling the resulting impacts for their clients,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance.

The complete list of Global Finance’s World’s Best Foreign Exchange Providers and the Best Corporate FX Awards 2018 can be found here, including the full list of country award winners. 

 

THE WORLD'S BEST FOREIGN EXCHANGE PROVIDERS 2018

GLOBAL AWARDS

 Best Global Foreign Exchange Bank 

Citi

 Best FX Provider For Corporates 

Societe Generale 

 Best FX Provider For Emerging Markets Currencies

Standard Chartered Bank  

 Best Liquidity Provider 

UBS 

 

REGIONAL AWARDS

North America                                                          

J.P. Morgan 

Latin America 

BBVA 

Western Europe 

HSBC 

Central & Eastern Europe 

Societe Generale 

Middle East 

National Bank of Kuwait 

Africa 

Standard Bank 

Asia-Pacific

DBS Bank 

 

FOREIGN EXCHANGE RESEARCH & ANALYSIS

FX Research

BNY Mellon

Fundamental Analysis 

Deutsche Bank 

Technical Analysis 

BNY Mellon 

Forecasts 

BBVA 

 

BEST BANK FX TRADING TECHNOLOGY

Best Bank Platform (Overall) 

J.P. Morgan eXecute 

Most Innovative Bank Platform 

Shinhan Bank's FX Hedge LC 

Best Platform For Corporations 

CitiFX Pulse 

Best Execution Algorithms 

Northern Trust's FX Algo Suite 

Best Transaction Cost Analysis 

Bank of America Merrill Lynch 

Best Big-Picture View Of Positions 

Citi Velocity's Command Centre 

Best End-To-End Processing 

Deutsche Bank's Maestro 

 

COUNTRY AWARDS

The full list of country award winners for The World's Best Foreign Exchange Providers 2018 can be found here.

 

CORPORATE FX AWARDS 2018

GLOBAL AWARDS - FOREIGN EXCHANGE MANAGEMENT

Best Corporation in the World for Foreign Exchange Management 

Alphabet 

Best Corporation for Use of Currency Hedging 

United Technologies 

Best Corporation for Use of Foreign Exchange Options 

Toyota Motor 

Best Corporation for Use of Foreign Exchange Forwards 

Airbus 

 

REGIONAL AWARDS - BEST CORPORATIONS FOR FOREIGN EXCHANGE MANAGEMENT 

North America 

Apple 

Latin America 

Fibria 

Western Europe 

Siemens 

Central & Eastern Europe 

PKN Orlen 

Middle East 

SABIC 

Africa 

Sasol 

Asia-Pacific 

Reliance Industries 

 

REGIONAL AWARDS - FOREIGN EXCHANGE INNOVATION 

North America 

Ford Motors 

Latin America 

Femsa 

Western Europe 

Philips 

Central & Eastern Europe 

Grupa Azoty 

Middle East 

Aramex 

Africa 

GoldFields 

Asia-Pacific 

Hoa Phat Group