World's Best Foreign Exchange Banks 2006

By Platt, Gordon | Global Finance, January 2006 | Go to article overview

World's Best Foreign Exchange Banks 2006


Platt, Gordon, Global Finance


BEST FOREIGN EXCHANGE BANKS

Global Finance selects the leaders in the world's biggest financial market.

The many barrels of ink spent on explaining China's 2.1% revaluation of the yuan last July-and the ongoing effort of the Group of 7 industrial countries to force a bigger move-demonstrate the importance of the foreign exchange market. And regardless of the significance of exchange rates in widening global trade imbalances, the sheer volume of currency trading has grown rapidly to nearly $2 trillion a day, keeping foreign exchange the world's biggest financial market by far.

Currency movements, often difficult to predict or understand, have ramifications for all of the financial markets. Many bank analysts were caught off-guard by the dollar's surprising strength in 2005, particularly against the Japanese yen. Wherever the dollar, the yen, the euro, the yuan and the British pound may wander in 2006, corporations will need the help of expert currency traders and derivatives providers to manage their foreign exchange exposures and to make cross-border payments.

Global Finance has selected the leading foreign exchange banks in 71 countries and regions, as well as the best online foreign exchange trading systems and the best bank for foreign exchange research. With input from industry analysts, corporate executives and technology experts, Global Finance editors selected the winners based on objective and subjective factors. As usual, our criteria included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.

WORLD'S BEST FOREIGN EXCHANGE BANKS 2006

COUNTRY WINNERS

ARGENTINA Citigroup

ARMENIA: Converse Bank

AUSTRALIA: Westpac Banking

AUSTRIA: Bank Austria Creditanstalt

BAHRAIN: Arab Banking Corporation (ABC)

BELARUS: Priorbank

BELGIUM: Fords Bank

BRAZIL: Banco Bradesco

CANADA: Scotia Capital

CHILE: Banco de Chile

CHINA: Bank of China

COLOMBIA: Banco de Bogotá

COSTA RICA: Banco Interfin

CZECH REPUBLIC: Ceskoslovenska Obchodni Banka

DENMARK: Danske Bank

EGYPT: Commercial International Bank

ESTONIA: Hansabank

FRANCE: BNP Paribas

GEORGIA: TBC Bank

GERMANY: Deutsche Bank

GREECE: National Bank of Greece

HONG KONG: HSBC

HUNGARY: OTP Bank

INDIA: ICICI Bank

ISRAEL: Bank Hapoalim

ITALY: UniCredit

JAPAN: Mitsubishi UFJ Financial (formerly Mitsubishi Tokyo Financial Group)

JORDAN: Jordan Kuwait Bank

KAZAKHSTAN: Kazkommertsbank

KUWAIT: National Bank of Kuwait

LATVIA: Parex Bank

LITHUANIA: SEB Vilniaus Bankas

MALAYSIA: Maybank

MEXICO: Banamex

MOLDOVA: Victoriabank

NETHERLANDS: ABN Amro Bank

NEW ZEALAND: ANZ

NIGERIA: First Bank of Nigeria

NORWAY: DnB NOR

OMAN: BankMuscat

PAKISTAN: National Bank of Pakistan

POLAND: Bank Pekao

PORTUGAL: Millennium bcp

QATAR: Qatar National Bank

RUSSIA: MDM Bank

SAUDI ARABIA: Arab National Bank

SINGAPORE: DBS

SLOVAKIA: Tatra Banka

SLOVENIA: Nova Ljubljanska Banka

SOUTH AFRICA: Standard Bank

SOUTH KOREA: Korea Exchange Bank

SPAIN: Banco Santander Central Hispano

SWEDEN: Svenska Handelsbanken

SWITZERLAND: UBS

TAIWAN: Chinatrust Commercial Bank

THAILAND: Bangkok Bank

TURKEY: Akbank

UNITED ARAB EMIRATES: National Bank of Dubai

UKRAINE: Privatbank

UNITED KINGDOM: HSBC

UNITED STATES: Citigroup (Honorable Mention: JPMorgan Chase and The Bank of New York).

VENEZUELA: Banco Mercantil

BEST FOREIGN EXCHANGE RESEARCH

The Bank of New York

BEST ONLINE FOREX TRADING SYSTEMS

Best Bank System: State Street's FX Connect (Honorable Mention: UBS)

Best Independent: FXall (Honorable Mention: Currenex)

GLOBAL WINNER

DEUTSCHE BANK

Deutsche Bank's leading market share in foreign exchange trading worldwide is the result of a major investment in people and systems. …

The rest of this article is only available to active members of Questia

Sign up now for a free, 1-day trial and receive full access to:

  • Questia's entire collection
  • Automatic bibliography creation
  • More helpful research tools like notes, citations, and highlights
  • Ad-free environment

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

World's Best Foreign Exchange Banks 2006
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.