NEW YORK, November 22, 2010

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 2011 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 86 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.

“Sovereign debt problems in Europe, China’s monetary tightening and the Federal Reserve’s quantitative easing are causing volatility in the foreign exchange markets. Corporations around the world need to select a strong, knowledgeable FX bank to help them cope with the turbulence in the markets,” says Joseph D. Giarraputo, publisher and president of Global Finance.

Global Deutsche Bank
North America Citi
Latin America Citi
Western Europe Deutsche Bank
Central and Eastern Europe Societe Generale
Nordic Countries SEB
Middle East Ahli United Bank
Africa Standard Chartered Bank
Asia Pacific Standard Chartered Bank
Southeast Asia Standard Chartered Bank
Angola BES Angola
Argentina Citi
Armenia HSBC Bank Armenia
Australia Commonwealth Bank of Australia
Austria Bank Austria
Bahrain Ahli United Bank
Belarus Belarusbank
Belgium BNP Parisbas Fortis
Brazil Itau Unibanco
Canada Scotia Capital
Chile Banco Santander Chile
China Bank of China
Colombia Bancolombia
Costa Rica Scotiabank Costa Rica
Cyprus Bank of Cyprus
Czech Republic CSOB
Denmark SEB
Equador Citi
Egypt Arab African International Bank
El Salvador Citi
Estonia Swedbank
Finland Nordea
France BNP Paribas
Gambia Standard Chartered Bank Gambia
Georgia Bank of Georgia
Germany Deutsche Bank
Greece Eurobank EFG
Guatemala Banco Industrial
Hong Kong HSBC
Hungary OTP Bank
India Standard Chartered Bank
Indonesia Standard Chartered Bank
Israel Bank Hapoalim
Italy UniCredit
Jamaica Scotiabank Jamaica
Japan Mitsubishi UFJ International
Jordan Arab Bank
Kazakhstan Halyk Bank
Kuwait National Bank of Kuwait
Latvia SEB
Lebanon BLOM Bank
Lithuania SEB
Malaysia Public Bank
Mexico Banamex
Moldova Moldova Agroindbank
The Netherlands ING

New Zealand

Westpac Banking
Nigeria First Bank of Nigeria
Norway DnB NOR
Oman BankMuscat
Pakistan Standard Chartered Bank
Peru Scotiabank Peru
Philippines Banco de Oro
Poland Bank Pekao
Portugal Banco Santander Totta
Qatar Qatar National Bank
Russia VTB
Saudi Arabia Samba Financial Group
Singapore DBS
Slovak Republic CSOB
Slovenia Nova Ljubljanska Banka
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
UAE Emirates NBD
Ukraine UkrSibbank
United Kingdom Barclays Capital

United States


Honorable Mention: BNY Mellon

Uruguay Banco Santander Uruguay
Venezuela Banco Mercantil
Vietnam Sacombank

Best FX Research
BNY Mellon

Best Fundamental Analysis
Brown Brothers Harriman

Best Technical Analysis
BNY Mellon

Best Forecast

BNY Mellon

Best Strategy/Hedging
Deutsche Bank

Best Bank
State Street’s Currenex

Best Independent

Best Retail
Forex Capital Markets (FXCM)