BBVA: World’s Best Global Foreign Exchange Bank 2023 according to Global Finance

BBVA awarded Best Global Foreign Exchange Bank for second consecutive year as well as other 5 additional awards

BBVA has been recognised as the “Best Global Foreign Exchange Bank” in the ‘Global Finance Best FX Banks Awards 2023’. This is an extraordinary recognition that comes with five other awards: The Best Foreign Exchange Bank in Latin America for 2023; the Best Foreign Exchange Bank in Colombia; the Best Foreign Exchange Bank in Peru; the Best Foreign Exchange Bank in Spain; and the Best FX Solutions for SMEs.

These awards recognize the efforts that BBVA started many years ago, by approaching the business with a holistic view, focusing on local capabilities applied globally and global capabilities applied locally. This is a recognition of all the collective efforts done by teams across all geographies and areas of BBVA, following our fully integrated value chain business model.

At BBVA we have been focused mostly in making sure that our clients’ needs are met timely and with consistency, adopting a multichannel integrated approach where reliable technology and data have been key.

Luis Martins, Global Head of G10 Rates & Foreign Exchange, explains: "We are very proud of being recognized as Best Foreign Exchange Bank in Latin America, including also the Best Foreign Exchange Bank in both Colombia and Peru, as it shows BBVA’s footprint in this geographical area. Besides, BBVA has continued to be recognized as Best Foreign Exchange Bank in Spain, as in previous years. Finally, being awarded with the Best FX Solution for SMEs, represents the acknowledgement of our efforts within this client segment, trusting us as a reference entity to integrate client business activity with Foreign Exchange needs."

Global Finance draws up its ranking based on transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies. Global Finance also considers opinions of experts, market operators and technology specialists. These awards reflect a broad recognition of excellence among the financial community.