Global Finance Names Investec as Best Foreign Exchange Provider in Ireland

13 November 2018

Global Finance magazine has named its nineteenth annual World’s Best Foreign Exchange Providers in 114 countries, and 7 global regions, as well as the best banks for FX research and analysis and for FX trading technology. Global Finance also named its Corporate FX Awards honorees, covering FX management and innovation. This year, for the first time, corporate honorees were chosen in 11 key industry sectors. An exclusive report on all winning organizations will be published in the January 2019 issue.

Regional and global Foreign Exchange Provider winners will be revealed for the first time at Global Finance’s second annual Foreign Exchange Awards Dinner in London on November 13, 2018 at RSA House. 
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.
“With new currencies recently added to global index baskets and some countries shifting trade in some key products from greenbacks to other financial instruments, the future of the foreign exchange market is murky,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance.
“Our FX awards honor financial institutions that demonstrate foresight in predicting the direction of the market and acumen in helping clients adapt to currency-market changes.”