Latin America’s best FX bank for emerging currencies 2026: BBVA

BBVA holds a leading FX market position in several key Latin America markets as of 2025, with commanding market share across forwards and derivatives in markets such as Mexico and Colombia. The bank offers clients a consistent route into some of LATAM’s most complex currencies.

In Peru, BBVA leverages both its strong local presence and its access to offshore trading relationships. This allows the bank to observe demand in both markets and, where possible, match opposing flows internally rather than managing them separately. 

The bank quotes onshore and offshore dollar-sol NDFs, as well as onshore transactions.

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