Global Finance Awards 2025: Recognizing Excellence in Foreign Exchange

Global Finance magazine has announced the winners of its 25th annual World’s Best Foreign Exchange Banks awards, part of the Gordon Platt Foreign Exchange Awards. These prestigious awards honor banks that have demonstrated exceptional expertise, resilience, and innovation in the foreign exchange (FX) sector, consistently delivering value and reliability to their clients worldwide.

Global Winners

The awards recognize banks in various categories, including global, regional, and country-specific winners. Here are some of the notable global winners:

• Best Global Foreign Exchange Bank: UBS
• Best FX Bank for Corporates: Investec
• Best FX Bank for Emerging Markets Currencies: Itaú Unibanco
• Best Liquidity Bank: BBVA
• Best FX Market Maker: J.P. Morgan
• Best ESG-linked Derivatives: Nordea
• Best FX Commodity Trading Bank: BTG Pactual

Regional Winners

The awards also recognize banks that have excelled in specific regions:

• Africa: Standard Bank
• Asia-Pacific: Hana Bank
• Central & Eastern Europe: OTP Bank
• Latin America: Itaú Unibanco
• North America: J.P. Morgan
• Western Europe: BBVA

FX Tech Global Winners

In addition to the bank awards, Global Finance also recognized technology providers that have made significant contributions to the FX sector:

• Best Bank Digital FX Platform (Overall): BBVA
• Most Innovative Bank for FX: DBS
• Best FX Trading Solution: MUFG Investor Services
• Best Cloud Technology FX Solution: Kyriba
• Best AI/Machine Learning FX Tool: DBS
• Best Execution Algorithms: J.P. Morgan
• Best TMS Provider with FX Module: GTreasury
• Best FX Regtech Tool: FIS Global
• Best Data and Analytics FX Instrument: LSEG (formerly Refinitiv)

Criteria for Selection

The winners were selected based on a range of criteria, including transaction volume, market share, scope of global coverage, customer service, competitive pricing, and innovative technologies. Global Finance considered bank submissions, input from industry analysts, corporate executives, and technology specialists to determine the winners.