Asiamoney FX Survey 2022
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PollsForeign Exchange Survey

Asiamoney FX Survey 2022

Asiamoney’s FX rankings, derived from sister publication Euromoney’s flagship global FX survey, identify the leading providers of foreign exchange trading services. In the 2022 survey, Euromoney received 1,062 valid responses from consumers of FX liquidity, representing total FX consumption of $99.06 trillion in the calendar year 2021

ASIA MARKET LEADERS (excluding short-dated swaps)

Asia Pacific
2022 2021 Counterparty Market Share %
1 2 Deutsche Bank 16.01%
2 4 JPMorgan 12.77%
3 1 UBS 11.24%
4 3 Citi 8.14%
5 10 Credit Suisse 5.22%
6 6 Bank of America 4.93%
7 7 Barclays 4.88%
8 12 XTX Markets 4.75%
9 5 HSBC 4.55%
10 9 State Street 3.85%
       
Australia
2022 2021 Counterparty Market Share %
1 5 JPMorgan 25.07%
2 2 UBS 14.49%
3 6 Deutsche Bank 11.93%
4 3 XTX Markets 11.87%
5 8 State Street 8.60%
       
China
2022 2021 Counterparty Market Share %
1 2 Bank of New York Mellon 46.77%
2 1 Deutsche Bank 19.01%
3 5 XTX Markets 7.22%
4 11 ICBC 4.32%
4 7 Bank of China 4.32%
       
Hong Kong SAR
2022 2021 Counterparty Market Share %
1 3 Deutsche Bank 19.13%
2 2 HSBC 15.44%
3 10 JPMorgan 12.87%
4 12 Citi 8.79%
5 4 UBS 8.78%
       
India
2022 2021 Counterparty Market Share %
1 2 HSBC 55.35%
2 4 HDFC Bank 22.31%
3 5 IDFC First Bank 16.71%
4 3 Citi 4.14%
5 1 IndusInd Bank 1.49%
       
Japan
2022 2021 Counterparty Market Share %
1 2 Deutsche Bank 15.74%
2 1 UBS 12.51%
3 4 JPMorgan 12.30%
4 3 Citi 8.68%
5 8 Credit Suisse 6.20%
       
Malaysia
2022 2021 Counterparty Market Share %
1 1 Deutsche Bank 61.77%
2 2 CIMB 26.51%
3 4 Citi 4.69%
4 3 HSBC 3.91%
5 5 OCBC Bank 1.56%
       
New Zealand
2022 2021 Counterparty Market Share %
1 1 Deutsche Bank 63.33%
2 2 Barclays 27.35%
3 3 Bank of America 9.32%
       
Philippines
2022 2021 Counterparty Market Share %
1 4 BDO Unibank 20.01%
2 7 Deutsche Bank 12.69%
3 8 Metrobank 9.23%
4 5 Chinabank 8.96%
5 6 RCBC 8.56%
       
Singapore
2022 2021 Counterparty Market Share %
1 3 Deutsche Bank 30.63%
2 4 Bank of New York Mellon 10.40%
3 7 XTX Markets 8.75%
4 2 JPMorgan 7.67%
5 16 Credit Suisse 5.20%
       
South Korea
2022 2021 Counterparty Market Share %
1 1 State Street 13.48%
2 2 Deutsche Bank 9.69%
3 8 Bank of America 6.89%
4 3 HSBC 6.31%
5 15 Bank of China 6.11%
       
Taiwan
2022 2021 Counterparty Market Share %
1 9 Standard Chartered 28.88%
2 1 State Street 19.80%
3 6 Citi 13.15%
4 10 JPMorgan 13.13%
5 4 Bank of New York Mellon 6.71%
       
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