2000 FX poll results tables

Euromoney FX poll 2000: Deutsche topples Citi

	Deutsche Bank’s great victory
	FX Poll methodology

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Foreign exchange results 2000
Top 30 by market share (overall)
2000	1999		Estimated share (%)
1	2	Deutsche Bank	12.53
2	3	Chase Manhattan Bank	8.26
3	1	Citigroup	8.07
4	4	Warburg Dillon Read	5.02
5	8	HSBC	4.55
6	5	Goldman Sachs	4.38
7	7	JP Morgan	3.94
8	10	Merrill Lynch	3.27
9	11	Credit Suisse First Boston	2.89
10	15	Morgan Stanley Dean Witter	2.87
11	13	NatWest Global Financial Markets	2.71
12	16	Barclays Capital	2.07
13	14	Royal Bank of Canada	1.96
14	44	State Street Bank & Trust	1.95
15	6	Bank of America	1.86
16	9	ABN Amro	1.72
17	43	Bank of New York	1.24
18	186	Lehman Brothers	1.22
19	22	Crédit Agricole Indosuez	1.02
20	79	Brown Brothers Harriman	0.74
21	–	Northern Trust	0.72
22	35	ING Barings	0.71
23	18	Standard Chartered Bank	0.62
24	99	Banca Intesa	0.61
25	27	Société Générale	0.6
26	38	CIBC Wood Gundy	0.56
27	103	Bank One	0.53
28	56	Bank of Nova Scotia	0.5
29	29	Industrial Bank of Japan	0.49
30	19	MeritaNordbanken	0.46

Foreign exchange results 2000
Top 30 by market share (overall)
2000	1999		Estimated share (%)
1	2	Deutsche Bank	12.53
2	3	Chase Manhattan Bank	8.26
3	1	Citigroup	8.07
4	4	Warburg Dillon Read	5.02
5	8	HSBC	4.55
6	5	Goldman Sachs	4.38
7	7	JP Morgan	3.94
8	10	Merrill Lynch	3.27
9	11	Credit Suisse First Boston	2.89
10	15	Morgan Stanley Dean Witter	2.87
11	13	NatWest Global Financial Markets	2.71
12	16	Barclays Capital	2.07
13	14	Royal Bank of Canada	1.96
14	44	State Street Bank & Trust	1.95
15	6	Bank of America	1.86
16	9	ABN Amro	1.72
17	43	Bank of New York	1.24
18	186	Lehman Brothers	1.22
19	22	Crédit Agricole Indosuez	1.02
20	79	Brown Brothers Harriman	0.74
21	–	Northern Trust	0.72
22	35	ING Barings	0.71
23	18	Standard Chartered Bank	0.62
24	99	Banca Intesa	0.61
25	27	Société Générale	0.6
26	38	CIBC Wood Gundy	0.56
27	103	Bank One	0.53
28	56	Bank of Nova Scotia	0.5
29	29	Industrial Bank of Japan	0.49
30	19	MeritaNordbanken	0.46

Top 30 by market share (excluding institutional investors)

2000	1999		Estimated share (%)
1	1	Citigroup	11.53
2	2	Deutsche Bank	6.91
3	3	Chase Manhattan Bank	5.43
4	5	HSBC	4.38
5	4	Warburg Dillon Read	3.95
6	11	Bank of America	3.01
7	8	Royal Bank of Canada	2.94
8	7	Credit Suisse First Boston	2.47
9	13	Goldman Sachs	2.37
10	26	Merrill Lynch	2.13
11	9	ABN Amro	2.05
12	24	JP Morgan	1.56
13	21	Crédit Agricole Indosuez	1.56
14	28	CIBC Wood Gundy	1.44
15	14	NatWest Global Financial Markets	1.41
16	10	Standard Chartered Bank	1.39
17	18	Barclays Capital	1.37
18	19	Société Générale	1.33
19	–	Bank One	1.31
20	39	Bank of Nova Scotia	1.26
21	15	MeritaNordbanken	1.22
22	40	Bank of Tokyo-Mitsubishi	1.11
23	6	SEB	1.1
24	20	Fortis Bank	1.08
25	32	Morgan Stanley Dean Witter	0.99
26	29	ING Barings	0.9
27	22	Commerzbank	0.89
28	36	KBC Bank	0.88
29	63	Lloyds TSB	0.8
30	12	Svenska Handelsbanken	0.78

Top 30 by market share (institutional investors only)
2000	1999		Estimated share(%)
1	2	Deutsche Bank	15.97
2	1	Chase Manhattan Bank	9.99
3	3	Citigroup	5.96
4	4	Warburg Dillon Read	5.67
5	5	Goldman Sachs	5.62
6	6	JP Morgan	5.39
7	14	HSBC	4.65
8	9	Morgan Stanley Dean Witter	4.02
9	8	Merrill Lynch	3.96
10	11	NatWest Global Financial Markets	3.51
11	12	Credit Suisse First Boston	3.14
12	30	State Street Bank & Trust	3.14
13	15	Barclays Capital	2.5
14	85	Lehman Brothers	1.76
15	41	Bank of New York	1.57
16	10	ABN Amro	1.54
17	16	Royal Bank of Canada	1.36
18	45	Brown Brothers Harriman	1.19
19	–	Northern Trust	1.16
20	7	Bank of America	1.16
21	–	Banca Intesa	0.91
22	22	Crédit Agricole Indosuez	0.69
23	53	ING Barings	0.6
24	20	AIG International	0.56
25	19	Industrial Bank of Japan	0.37
26	–	Dresdner Kleinwort Benson	0.28
27	38	Westpac Banking Corp	0.27
28	25	Rabobank	0.25
29	46	Toronto Dominion Bank	0.22
30	51	Mellon Bank	0.19

Factors determining placement of FX business
	Most import. ( 10)*	Least import. (1)	Av.
Price	49%	7%	8.5
Speed of execution	16%	3%	7.68
Quality of advice on overall FX exposure and products	16%	2%	7.02
Overall relationship based on service in other areas	12%	3%	6.77
Back office settlement	10%	2%	6.63
Economic research	4%	4%	5.87
Internet-based execution	3%	16%	3.78
Technical research	2%	2%	5.44
Other internet-based services	2%	9%	3.88

Respondents were asked to rate various factors on a scale of 1-10, 10 meaning most important/indispensable.
* Totals>100% because some respondents nominated >1 category as being (joint)most important

Key relationship banks (overall)
2000	1999		Score
1	1	Citigroup	1450
2	2	Deutsche Bank	1256
3	3	Chase Manhattan Bank	617
4	4	HSBC	577
5	5	Bank of America	428
6	12	Goldman Sachs	327
7	6	Warburg Dillon Read	315
8	7	ABN Amro	309
9	10	JP Morgan	292
10	13	Barclays Capital	245
11	8	Royal Bank of Canada	178
12	15	Merrill Lynch	161
13	20	Bank of Tokyo-Mitsubishi	157
14	*	BNP Paribas	154
15	9	NatWest Global Financial Markets	151
16	21	Credit Suisse First Boston	143
17	18=	Morgan Stanley Dean Witter	136
18	11	Standard Chartered Bank	132
19	26	SEB	122
20	18=	Société Générale	117
21	–	Bank One	112
22	43	State Street Bank & Trust	97
23	40	Bank of Nova Scotia	91
24=	41	Bank of New York	89
24=	30=	CIBC Wood Gundy	89
26	27=	Westdeutsche Landesbank	85
27=	22=	Crédit Agricole Indosuez	80
27=	35	Toronto Dominion Bank	80
29	32	Standard Bank	71
30	117=	Lehman Brothers	68

*Banque Nationale de Paris 14, Banque Paribas 30=

Key relationship banks (excluding institutional investors)
2000	1999		Score
1	1	Citigroup	1153
2	2	Deutsche Bank	779
3	4	HSBC	486
4	3	Chase Manhattan Bank	402
5	5	Bank of America	361
6	6	ABN Amro	248
7	14	Goldman Sachs	206
8	11	Barclays Capital	193
9	7	Warburg Dillon Read	184
10	20=	Bank of Tokyo-Mitsubishi	151
11	*	BNP Paribas	150
12	15	JP Morgan	146
13	8	Royal Bank of Canada	140
14	25=	SEB	122
15	17	Société Générale	117
16=	10	NatWest Global Financial Markets	115
16=	9	Standard Chartered Bank	115
18	–	Bank One	112
19	38	Bank of Nova Scotia	91
20	24	CIBC Wood Gundy	89
21	25=	Credit Suisse First Boston	76
22	29	Standard Bank	71
23	23	Crédit Agricole Indosuez	70
24	22	Westdeutsche Landesbank	69
25	45=	Merrill Lynch	63
26=	42=	Bank of New York	61
26=	35	Toronto Dominion Bank	61
28	40	ANZ Banking Group	60
29=	13	Dresdner Kleinwort Benson	59
29=	41	MeritaNordbanken	59

*Banque Nationale de Paris 12, Banque Paribas 28

Key relationship banks (institutional investors only)
2000	1999		Score
1	2	Deutsche Bank	477
2	1	Citigroup	297
3	3	Chase Manhattan Bank	215
4	4	JP Morgan	146
5	5	Warburg Dillon Read	131
6	9	Goldman Sachs	121
7	7	Merrill Lynch	98
8	6	HSBC	91
9	8	Morgan Stanley Dean Witter	90
10	13=	State Street Bank & Trust	82
11=	10	Bank of America	67
11=	15	Credit Suisse First Boston	67
13	13=	ABN Amro	61
14	24=	Barclays Capital	52
15	16	Royal Bank of Canada	38
16	11	NatWest Global Financial Markets	36
17	24=	Bank of New York	28
18	20=	Westpac Banking Corp	22
19	–	Lehman Brothers	21
20=	–	Banco Santander Central Hispano	19
20=	31=	Toronto Dominion Bank	19
22=	28	AIG International	17
22=	20=	Standard Chartered Bank	17
24=	–	Banca Intesa	16
24=	31=	Westdeutsche Landesbank	16
26=	–	Bear Stearns	15
26=	–	Brown Brothers Harriman	15
26=	31=	Industrial Bank of Japan	15
26=	31=	Northern Trust	15
30=	–	Alpha Credit Bank	10
30=	–	Bank of New Zealand	10
30=	19	Crédit Agricole Indosuez	10
30=	–	Den Danske Bank	10

Who’s best where
London
2000	1999		Score
1	1	Citigroup	240
2	3	Deutsche Bank	207
3	4	HSBC	156
4	2	Chase Manhattan Bank	120
5	8	Barclays Capital	96
6	6=	Bank of America	71
7=	10=	JP Morgan	57
7=	5	NatWest Global Financial Markets	57
9=	12	Goldman Sachs	43
9=	6=	Warburg Dillon Read	43
New York
1	2	Deutsche Bank	253
2	1	Citigroup	207
3	3	Chase Manhattan Bank	117
4	7	HSBC	61
5	4	Bank of America	59
6	11	JP Morgan	41
7	5=	Warburg Dillon Read	40
8	10	Goldman Sachs	38
9	16	Bank of New York	36
10	5=	Merrill Lynch	29
Frankfurt
1	1	Deutsche Bank	117
2	2	Dresdner Kleinwort Benson	85
3	3	Commerzbank	44
4	4	Citigroup	26
5	15=	Westdeutsche Landesbank	12
6	–	Barclays Capital	11
7	–	ING Barings	10
8=	6	ABN Amro	8
8=	8	Bank of America	8
10=	9=	HypoVereinsbank	7
10=	9=	Royal Bank of Canada	7
10=	–	Warburg Dillon Read	7
Singapore
1	1	Citigroup	78
2	4	Deutsche Bank	69
3	12	HSBC	36
4	2	Standard Chartered Bank	32
5=	5	Chase Manhattan Bank	30
5=	3	Warburg Dillon Read	30
7=	14=	JP Morgan	21
7=	–	NatWest Global Financial Markets	21
9	10=	Merrill Lynch	20
10	8	Bank of America	15
Tokyo
1	2	Chase Manhattan Bank	56
2	1	Bank of Tokyo-Mitsubishi	53
3	4	Citigroup	44
4	5	Deutsche Bank	29
5	12=	HSBC	21
6=	24=	Fuji Bank	18
6=	6	Sumitomo Bank	18
8	14	Industrial Bank of Japan	14
9=	7	Bank of America	12
9=	9	Bank of Nova Scotia	12
Sydney
1	3	Citigroup	45
2	2	ANZ Banking Group	41
3	7	Deutsche Bank	32
4	9	HSBC	30
5	1	Westpac Banking Corp	29
6	8	Commonwealth Bank of Australia	23
7	13=	JP Morgan	21
8	5=	Chase Manhattan Bank	20
9	5=	National Australia Bank	18
10	*	BNP Paribas	13
*Banque Nationale de Paris 4
Hong Kong
1	1	HSBC	90
2	7	Citigroup	44
3	–	Bank of America	27
4	4	Standard Chartered Bank	24
5	5=	Deutsche Bank	22
6	5=	Goldman Sachs	20
7	3	Fortis Bank	18
8	8	Chase Manhattan Bank	14
9	12=	NatWest Global Financial Markets	12
10	35=	Morgan Stanley Dean Witter	11
Paris
1	*	BNP Paribas	75
2	2	Société Générale	34
3	5	Deutsche Bank	12
4	9	Citigroup	10
5=	4	Crédit Agricole Indosuez	8
5=	13=	Westdeutsche Landesbank	8
7	–	HSBC	6
*Banque Nationale de Paris 1, Banque Paribas 3

Currency pairs
Eur/$
2000	1999		Score
1	1	Deutsche Bank	384
2	2	Citigroup	249
3	3	Chase Manhattan Bank	134
4	5	HSBC	105
5	4	ABN Amro	76
6	7	Warburg Dillon Read	73
7	6	Bank of America	67
8	14=	Goldman Sachs	52
9	19=	JP Morgan	47
10	8	Royal Bank of Canada	40
Eur/Yen
1	1=	Deutsche Bank	208
2	1=	Citigroup	142
3	3	Chase Manhattan Bank	107
4	4	HSBC	69
5	7=	Bank of Tokyo-Mitsubishi	55
6	6	Bank of America	36
7=	9	JP Morgan	31
7=	5	Warburg Dillon Read	31
9	17	Goldman Sachs	29
10	10=	Crédit Agricole Indosuez	25
Eur/£
1	1	Deutsche Bank	216
2	3	HSBC	143
3	2	Citigroup	139
4	4	Chase Manhattan Bank	88
5	6	Barclays Capital	77
6	5	NatWest Global Financial Markets	48
7	8	ABN Amro	45
8	9	Bank of America	39
9	12	JP Morgan	28
10	26=	Merrill Lynch	27
Eur/Sfr
1	2	Deutsche Bank	126
2	1	Warburg Dillon Read	112
3	3	Citigroup	75
4	6	Chase Manhattan Bank	43
5	7	HSBC	42
6	4	Credit Suisse First Boston	39
7	45=	Goldman Sachs	26
8	9	JP Morgan	24
9	16=	Bank of America	18
10=	5	ABN Amro	15
10=	14=	Merrill Lynch	15
$/Yen
1	3	Deutsche Bank	190
2	1	Citigroup	187
3	2	Chase Manhattan Bank	115
4	4	Bank of America	75
5	5	HSBC	73
6	7	Bank of Tokyo-Mitsubishi	67
7	6	Warburg Dillon Read	40
8	13	JP Morgan	37
9	12	Goldman Sachs	34
10=	8	Merrill Lynch	26
10=	15	Sumitomo Bank	26
$/£
1	2	Citigroup	194
2	3	Deutsche Bank	154
3	1	HSBC	145
4	5	Chase Manhattan Bank	100
5	6	Barclays Capital	83
6	4	NatWest Global Financial Markets	72
7	7	Bank of America	52
8	14=	JP Morgan	39
9	12	Standard Chartered Bank	30
10=	20	Goldman Sachs	29
10=	11	Royal Bank of Scotland	29
$/Sfr
1	1	Warburg Dillon Read	124
2	2	Deutsche Bank	122
3	3	Citigroup	107
4	4	Chase Manhattan Bank	69
5	5	Credit Suisse First Boston	49
6	8	Bank of America	41
7	7	HSBC	30
8=	17=	Goldman Sachs	23
8=	28=	JP Morgan	23
10	24=	Barclays Capital	22

Best dealers
Euro
2000	1999		Score
1	1	Deutsche Bank	379
2	2	Citigroup	264
3	4	Chase Manhattan Bank	102
4	7	HSBC	82
5	3	ABN Amro	81
6	6	Warburg Dillon Read	65
7	5	Bank of America	52
8	24	Goldman Sachs	37
9	*	BNP Paribas	36
10	23	JP Morgan	34
Greek drachma
1	1	Citigroup	107
2	4	Deutsche Bank	68
3	11	Chase Manhattan Bank	32
4=	2	Bank of America	20
4=	7	Warburg Dillon Read	20
6	5	Alpha Credit Bank	18
7=	3	HSBC	16
7=	10	National Bank of Greece	16
9=	16	Goldman Sachs	15
9=	13=	JP Morgan	15
Danish krone
1	1	Deutsche Bank	86
2	2	Citigroup	82
3	1	Den Danske Bank	79
4	9	SEB	51
5	5	Unibank	33
6	8	Bank of America	32
7	10	Chase Manhattan Bank	28
8	32=	Goldman Sachs	24
9	13=	HSBC	23
10	6=	Svenska Handelsbanken	21
Norwegian krone
1	1	Citigroup	89
2	6	Deutsche Bank	75
3	3	SEB	61
4	9	Chase Manhattan Bank	43
5	2	Den Danske Bank	42
6	4=	Svenska Handelsbanken	41
7	4=	Bank of America	25
8	18=	Goldman Sachs	23
9	12	HSBC	21
10	9	Den norske Bank	20
Swedish krona
1	3	Citigroup	104
2	4	Deutsche Bank	99
3	1	SEB	93
4	2	Svenska Handelsbanken	64
5	7	Chase Manhattan Bank	52
6	8	Den Danske Bank	33
7	11	MeritaNordbanken	29
8=	33=	Goldman Sachs	26
8=	6	Warburg Dillon Read	26
10	5	Bank of America	25
Australian dollar
1	1	Citigroup	179
2	6	Deutsche Bank	110
3	2	ANZ Banking Group	70
4	4	Westpac Banking Corp	62
5	3	Chase Manhattan Bank	58
6	8	National Australia Bank	53
7	5	HSBC	46
8	7	Bank of America	40
9=	10	Commonwealth Bank of Australia	30
9=	24=	Goldman Sachs	30
Canadian dollar
1	1	Royal Bank of Canada	151
2	2	Citigroup	143
3	8=	Deutsche Bank	95
4	6	Chase Manhattan Bank	63
5	8=	CIBC Wood Gundy	59
6	7	Bank of Nova Scotia	54
7	5	Bank of America	51
8=	10	HSBC	48
8=	4	Toronto Dominion Bank	48
10	3	Bank of Montreal	43
New Zealand dollar
1	1	Citigroup	98
2	6	Deutsche Bank	86
3	2	ANZ Banking Group	54
4	5	Westpac Banking Corp	52
5	15=	National Australia Bank	35
6	3	Chase Manhattan Bank	30
7	21	Goldman Sachs	27
8	7	Bank of America	22
9	11=	Standard Chartered Bank	21
10	8	Warburg Dillon Read	17
Argentine peso
1	1	Citigroup	93
2	2	Deutsche Bank	61
3=	4	Chase Manhattan Bank	25
3=	7=	JP Morgan	25
5	11=	Goldman Sachs	20
6	*	FleetBoston	19
7=	–	Banco Santander Central Hispano	12
7=	5	HSBC	12
9	11=	State Street Bank & Trust	10
10	3	Bank of America	8
*BankBoston 6
Brazilian real
1	1	Citigroup	144
2	2	Deutsche Bank	52
3=	3=	Chase Manhattan Bank	32
3=	*	FleetBoston	32
5	6	HSBC	19
6	3=	Bank of America	16
7	7	JP Morgan	15
8	9	ABN Amro	14
9	11	Goldman Sachs	13
10	–	Banco Santander Central Hispano	12
*BankBoston 5
Mexican peso
1	1	Citigroup	148
2	4	Deutsche Bank	60
3	3	Chase Manhattan Bank	38
4	19=	Goldman Sachs	34
5	2	Bank of America	28
6	6	JP Morgan	22
7	19=	Banco Santander Central Hispano	19
8=	–	Bank One	17
8=	*	FleetBoston	17
10	12=	State Street Bank & Trust	16
* BankBoston 7
Czech koruna
1	1	Citigroup	86
2	2	Deutsche Bank	52
3	–	Goldman Sachs	21
4	12	Chase Manhattan Bank	20
5	17	Ceskoslovenska Obchodni Banka	12
6=	9	ABN Amro	11
6=	–	MeritaNordbanken	11
8	3	Bank of America	10
9	23=	Crédit Agricole Indosuez	9
10=	16	Bank Austria Creditanstalt Group	8
10=	6=	JP Morgan	8
Polish zloty
1	1	Citigroup	94
2	2	Deutsche Bank	53
3	6	JP Morgan	21
4	29=	Goldman Sachs	19
5=	7=	Chase Manhattan Bank	17
5=	29=	SEB	17
7	7=	ING Barings	15
8=	4	ABN Amro	13
8=	–	Crédit Agricole Indosuez	13
10=	3	Bank of America	9
10=	5	HSBC	9
Hungarian forint
1	1	Citigroup	68
2	6	Deutsche Bank	38
3	2=	Bank of America	19
4=	8=	Chase Manhattan Bank	17
4=	25=	Goldman Sachs	17
6	8=	ABN Amro	12
7	11	JP Morgan	11
8=	10	Bank Austria Creditanstalt Group	8
8=	25=	Morgan Stanley Dean Witter	8
8=	4=	Warburg Dillon Read	8
Hong Kong dollar
1	1	HSBC	186
2	2	Citigroup	90
3	3	Standard Chartered Bank	57
4	6	Deutsche Bank	50
5	4	Chase Manhattan Bank	40
6=	14	Crédit Agricole Indosuez	30
6=	8	Goldman Sachs	30
8	5	Bank of America	25
9	17=	State Street Bank & Trust	15
10
Warburg Dillon Read	13
Indonesian rupiah
1	1	Citigroup	67
2	3	HSBC	65
3	2	Deutsche Bank	45
4	4	Standard Chartered Bank	40
5	5=	Chase Manhattan Bank	22
6	5=	Bank of America	15
7	16=	Goldman Sachs	13
8=	12	State Street Bank & Trust	10
8=	13=	Warburg Dillon Read	10
10	–	Crédit Agricole Indosuez	9
Korean won
1	1	Citigroup	81
2	2	HSBC	54
3	5	Deutsche Bank	43
4	3	Standard Chartered Bank	37
5	15=	Goldman Sachs	23
6	6	Bank of America	20
7	4	Chase Manhattan Bank	19
8	–	Bank One	13
9	8=	JP Morgan	11
10	8=	State Street Bank & Trust	10
New Taiwan dollar
1	1	Citigroup	86
2	2	HSBC	56
3	3	Standard Chartered Bank	36
4	5	Deutsche Bank	30
5	6	Chase Manhattan Bank	16
6	11=	Goldman Sachs	13
7	–	Crédit Agricole Indosuez	12
8	4	Bank of America	11
9	7=	JP Morgan	9
10	7=	State Street Bank & Trust	7
Philippine peso
1	1	Citigroup	82
2	6	Deutsche Bank	53
3	2	Standard Chartered Bank	36
4	3	HSBC	27
5=	4	Bank of America	14
5=	5	Chase Manhattan Bank	14
7	13=	Goldman Sachs	13
8	10=	JP Morgan	10
9=	12	Morgan Stanley Dean Witter	8
9=	8=	State Street Bank & Trust	8
9=	10=	Warburg Dillon Read	8
Singapore dollar
1	2	HSBC	131
2	1	Citigroup	111
3	3	Standard Chartered Bank	77
4	4	Deutsche Bank	48
5=	5	Bank of America	27
5=	6	Chase Manhattan Bank	27
7	8	Warburg Dillon Read	20
8	12=	Crédit Agricole Indosuez	18
9	20=	Goldman Sachs	17
10	24=	Bank of Tokyo-Mitsubishi	16
Thai baht
1	1	Citigroup	94
2	2	HSBC	85
3	3	Standard Chartered Bank	57
4	6	Chase Manhattan Bank	38
5	4	Deutsche Bank	34
6	5	Bank of America	20
7	14=	Goldman Sachs	15
8	8=	Bank of Tokyo-Mitsubishi	12
9	–	Crédit Agricole Indosuez	11
10=	11=	JP Morgan	10
10=	8=	State Street Bank & Trust	10
Indian rupee
1	1	Citigroup	71
2	2	Standard Chartered Bank	47
3	4	HSBC	41
4	3	Deutsche Bank	32
5	10=	Chase Manhattan Bank	18
6=	5	Bank of America	15
6=	–	Bank of Tokyo-Mitsubishi	15
8	6	ANZ Banking Group	11
9=	–	Dresdner Kleinwort Benson	8
9=	10=	Warburg Dillon Read	8
South African rand
1	1	Citigroup	93
2	6	Deutsche Bank	52
3	2	Standard Chartered Bank	43
4	12	JP Morgan	31
5	4	Standard Bank	27
6	19=	Goldman Sachs	25
7	22=	Crédit Agricole Indosuez	24
8	10=	Barclays Capital	22
9	10=	Chase Manhattan Bank	21
10	8=	Nedcor bank	20
Turkish lira
1	1	Citigroup	76
2	3	Deutsche Bank	36
3	4	HSBC	12
4	7	State Street Bank & Trust	10
5=	2	Bank of America	9
5=	5	Chase Manhattan Bank	9
7=	–	Bank of New York	8
7=	20=	Goldman Sachs	8
7=	13=	Mellon Bank	8
7=	9=	Morgan Stanley Dean Witter	8
7=	9=	Warburg Dillon Read	8
Saudi riyal
1	1	Citigroup	39
2	7=	Chase Manhattan Bank	12
3	2	HSBC	10
4	*	BNP Paribas	8
5	7=	Standard Chartered Bank	7
6=	4	Bank of America	6
6=	11=	Warburg Dillon Read	6
*Banque Nationale de Paris 11=,Banque Paribas 21=

Forwards
Under one year
2000	1999		Score
1	2	Citigroup	341
2	1	Deutsche Bank	339
3	4	Chase Manhattan Bank	151
4	3	HSBC	137
5	5	Bank of America	88
6	6	ABN Amro	87
7	7	Warburg Dillon Read	72
8	9	Royal Bank of Canada	67
9	18=	Goldman Sachs	49
10	14	JP Morgan	42
Over one Year
1	1	Citigroup	153
2	2	Deutsche Bank	150
3	4	Chase Manhattan Bank	59
4	3	HSBC	56
5	7	Bank of America	36
6=	5	ABN Amro	33
6=	11	Royal Bank of Canada	33
8	14=	Goldman Sachs	31
9	12=	JP Morgan	29
10	23	Barclays Capital	24
Major currencies
1	2	Citigroup	335
2	1	Deutsche Bank	331
3	4	Chase Manhattan Bank	154
4	3	HSBC	118
5	5	Bank of America	78
6	7	ABN Amro	77
7	6	Warburg Dillon Read	74
8	8	Royal Bank of Canada	53
9	19	Goldman Sachs	51
10	13=	JP Morgan	41
Emerging market currencies
1	1	Citigroup	317
2	2	Deutsche Bank	159
3	3	HSBC	109
4	6	Chase Manhattan Bank	70
5	4	Standard Chartered Bank	63
6	5	Bank of America	54
7	8	JP Morgan	38
8	7	ABN Amro	31
9	14=	Goldman Sachs	30
10=	21=	Crédit Agricole Indosuez	19
10=	9	Warburg Dillon Read	19

Options
Vanilla
2000	1999		Score
1	1	Citigroup	227
2	2	Deutsche Bank	226
3	3	Warburg Dillon Read	89
4	4	Chase Manhattan Bank	80
5	5	Bank of America	78
6	12=	Goldman Sachs	59
7	6	HSBC	58
8	8	JP Morgan	45
9	9	ABN Amro	34
10	25=	SEB	32
Multi-option
1	1	Deutsche Bank	152
2	2	Citigroup	150
3	3	Warburg Dillon Read	63
4	5	Goldman Sachs	59
5	4	Chase Manhattan Bank	53
6	8	Bank of America	45
7	7	JP Morgan	41
8	9	HSBC	40
9	16	ABN Amro	19
10=	6	NatWest Global Financial Markets	18
10=	14	Société Générale	18
Exotics
1	3	Citigroup	129
2	2	Deutsche Bank	125
3	1	Warburg Dillon Read	69
4	6	Goldman Sachs	63
5	4	Chase Manhattan Bank	57
6	12	Bank of America	40
7	5	JP Morgan	37
8	8	HSBC	29
9=	7	NatWest Global Financial Markets	16
9=	17	Société Générale	16
Trading strategies
1	1	Deutsche Bank	262
2	2	Citigroup	230
3=	6=	Bank of America	84
3=	9	Goldman Sachs	84
5	4	Chase Manhattan Bank	79
6	8	HSBC	77
7	3	Warburg Dillon Read	76
8	6=	JP Morgan	56
9	10	ABN Amro	40
10	5	NatWest Global Financial Markets	38
Pricing
1	2	Deutsche Bank	241
2	1	Citigroup	211
3	3	Warburg Dillon Read	90
4	4	Chase Manhattan Bank	82
5	8	Bank of America	79
6	5	HSBC	73
7	9	Goldman Sachs	71
8	7	JP Morgan	58
9	14	Société Générale	32
10	15=	ABN Amro	29
Options and volatility research
1	1	Deutsche Bank	235
2	2	Citigroup	211
3	9	JP Morgan	102
4	5	Goldman Sachs	89
5	6	Bank of America	78
6	3	Warburg Dillon Read	75
7	8	HSBC	69
8	4	Chase Manhattan Bank	60
9	11	ABN Amro	29
10	13	Morgan Stanley Dean Witter	27

Spot
Trading strategies
2000	1999		Score
1	1	Deutsche Bank	324
2	2	Citigroup	315
3	3	Chase Manhattan Bank	122
4	5	HSBC	102
5	6	Bank of America	81
6	10	Goldman Sachs	57
7=	7	ABN Amro	53
7=	4	Warburg Dillon Read	53
9=	11=	Crédit Agricole Indosuez	41
9=	23	JP Morgan	41
Pricing
1	1	Deutsche Bank	328
2	2	Citigroup	311
3	4	Chase Manhattan Bank	166
4	3	HSBC	127
5	5	Bank of America	96
6	6	ABN Amro	83
7	7	Warburg Dillon Read	68
8	23=	JP Morgan	48
9	8	Royal Bank of Canada	46
10	10	Goldman Sachs	43

Research
2000	1999		Score
Political
1	1	Deutsche Bank	269
2	2	Citigroup	199
3	6	Goldman Sachs	106
4	4	Chase Manhattan Bank	103
5	3	Warburg Dillon Read	100
6	7	HSBC	79
7	8=	JP Morgan	74
8	5	Bank of America	66
9	10	Merrill Lynch	50
10	8=	ABN Amro	48
Economic
1	1	Deutsche Bank	340
2	2	Citigroup	293
3	6	JP Morgan	132
4	4	Chase Manhattan Bank	130
5	3	Goldman Sachs	119
6	7	HSBC	115
7	8	Bank of America	91
8	5	Warburg Dillon Read	89
9	9	ABN Amro	75
10	12	Morgan Stanley Dean Witter	53
Technical
1	1	Citigroup	293
2	2	Deutsche Bank	245
3	3	Chase Manhattan Bank	212
4	5	Bank of America	101
5	7	HSBC	72
6	10	Merrill Lynch	62
7	9	JP Morgan	61
8	8	ABN Amro	55
9	4	Warburg Dillon Read	52
10	11	Goldman Sachs	43
Short-term (0-3 months)
1	2	Citigroup	258
2	1	Deutsche Bank	242
3	3	Chase Manhattan Bank	120
4	5	Warburg Dillon Read	72
5	7	ABN Amro	67
6	8	HSBC	66
7	11=	JP Morgan	65
8	4	Bank of America	64
9	6	Goldman Sachs	57
10	10	Morgan Stanley Dean Witter	29
Long-term (Over 3 months)
1	2	Citigroup	245
2	1	Deutsche Bank	211
3	3	Chase Manhattan Bank	98
4	9=	JP Morgan	78
5	6	Goldman Sachs	77
6	4	Warburg Dillon Read	70
7	8	HSBC	69
8	7	Bank of America	62
9	9=	Merrill Lynch	50
10=	5	ABN Amro	42
10=	14	Credit Suisse First Boston	42
Currency strategy
1	2	Citigroup	321
2	1	Deutsche Bank	272
3	4	Chase Manhattan Bank	99
4	5	Bank of America	74
5	7	Goldman Sachs	69
6	6	HSBC	61
7	8	JP Morgan	59
8	9	ABN Amro	51
9	3	Warburg Dillon Read	50
10	14	Credit Suisse First Boston	43

FX with global cash management
2000	1999		Score
1	1	Citigroup	347
2	2	Deutsche Bank	210
3	3	Chase Manhattan Bank	124
4	6	HSBC	98
5	4	ABN Amro	79
6	5	Bank of America	64
7	7	Warburg Dillon Read	30
8	28=	Barclays Capital	23
9=	14	SEB	21
9=	10=	State Street Bank & Trust	21

Trades via the internet
2000	1999		Score
1	2	Citigroup	75
2	3	SEB	55
3	8	Dresdner Kleinwort Benson	52
4	9=	Goldman Sachs	33
5	1	Deutsche Bank	26
6	9=	State Street Bank & Trust	22
7=	12=	JP Morgan	11
7=	–	Société Générale	11
9	12=	HSBC	9
10=	5=	Credit Suisse First Boston	8
10=	–	Investec Bank	8

Proportion of business conducted on the internet
			% of companies polled
No business			85
Up to 1% of business			3
2% to 4.9% of business			1
5% to 9.9% of business			4
10% to 25% of business			3
Over 25% of business			2
It varies			2
Average % of business conducted on the net			1.7

Types of transactions and services accessed via the internet
			% of respondents
– most frequent replies
Research – non FX			34
Pricing, stock-tracking			13
All FX services			9
of which – FX research			3.6
– Trading/pricing			4.2
Other settlement			4.8

Interbank poll
How London rates interbank markets
Consistently tight market-making
2000	1999
1	1	Chase Manhattan Bank	32
2	3	Deutsche Bank	29
3	6=	Citibank	25
4	6=	HSBC	21
5	2	Warburg Dillon Read	19

Currency pairs
Eur/$
1	1	Deutsche Bank	45
2	7=	Morgan Stanley Dean Witter	27
3	3	Chase Manhattan Bank	25
4	–	Bank of America	23
5	5	Citibank	17
Eur/Yen
1	1	Chase Manhattan Bank	41
2	4	Crédit Agricole Indosuez	30
3	3	Deutsche Bank	20
4	5	HSBC	16
5	2	Warburg Dillon Read	13
Eur/£
1	5	NatWest Global Financial Markets	35
2	6	Deutsche Bank	33
3	4	HSBC	25
4	1	Chase Manhattan Bank	21
5	2	Warburg Dillon Read	19
Eur/Sfr
1	2	Credit Suisse First Boston	55
2	1	Warburg Dillon Read	54
3	–	Deutsche Bank	16
4	–	Barclays Capital	12
5	4	Chase Manhattan Bank	11
$/Yen
1	1	Chase Manhattan Bank	40
2	2	Warburg Dillon Read	29
3	5=	Barclays Capital	19
4	–	Industrial Bank of Japan	18
5	–	Citibank	16
$/£
1	–	NatWest Global Financial Markets	32
2	2	HSBC	30
3	2	Warburg Dillon Read	26
4	4	Deutsche Bank	16
5	–	Royal Bank of Scotland	14
$/Sfr
1	2	Credit Suisse First Boston	55
2	1	Warburg Dillon Read	53
3	3	Chase Manhattan Bank	17
4	–	Barclays Capital	13
5=	–	Deutsche Bank	9
5=	–	HSBC	9

Best dealers
Euro (& Emu 11)
1	1	Deutsche Bank	25
2	–	Morgan Stanley Dean Witter	10
3	–	Citibank	9
4	–	JP Morgan	7
5=	5=	ABN Amro	6
5=	–	Dresdner Kleinwort Benson	6
Greek drachma
1	2	Alpha Credit	53
2	1	Bank of America	36
3	–	JP Morgan	15
4	5	Citibank	13
5=	3	National Bank of Greece	7
5=	–	Deutsche Bank	7
Danish krone
1	1	Den Danske Bank	60
2	2	Unibank	37
3	3	Jyske Bank	20
4	5=	SEB	17
Norwegian krone
1	1	Union Bank of Norway	31
2	3	SEB	27
3	2	Den norske Bank	24
4	4	Christiania Bank	23
5	5	Den Danske Bank	21
Swedish krona
1	1	SEB	63
2	2	Svenska Handelsbanken	46
3	4	Den Danske Bank	10
4=	5	Swedbank	8
4=	–	MeritaNordbanken Nordbanken	8
Australian dollar
1	1	Westpac Banking Corp	48
2	2	ANZ Banking Group	40
3	4	MacQuarie Bank	25
4	3	National Australia Bank	15
5	5	Commonwealth Bank of Australia	10
Canadian dollar
1	1	Royal Bank of Canada	66
2	2	CIBC Wood Gundy	25
3	4	TD Securities	23
4	5	Bank of Nova Scotia	19
5	3	Bank of Montreal	13
New Zealand dollar
1	1	Westpac Banking Corp	47
2	2	ANZ Banking Group	38
3	3	National Australia Bank	17
4	5=	Commonwealth Bank of Australia	9
5	5=	Citibank	6
Argentine peso
1	3	Citibank	11
2	4	Chase Manhattan Bank	9
3=	–	Deutsche Bank	8
3=	–	BankBoston	8
Brazilian real
1=	–	Citibank	8
1=	–	BankBoston	8
3	5	Chase Manhattan Bank	7
4	–	JP Morgan	6
Mexican peso
1	1	Banca Nationale de Mexico	10
2	4	Citibank	8
3=	–	Bancomer	6
3=	2	Chase Manhattan Bank	6
Czech koruna
1	–	Citibank	32
2	2	Deutsche Bank	26
3	1	Ceskoslovenska Obchodni Banka	10
4	3	Crédit Agricole Indosuez	9
5	–	Bank Austria	7
Polish zloty
1	1	Bank Handlowy	31
2	5	Bank of America	23
3	3	Citibank	13
4	–	Deutsche Bank	10
5	4	ABN Amro	6
Hungarian forint
1	2	Citibank	26
2	1	ING Barings	13
Hong Kong dollar
1	1	HSBC	42
2	2	Standard Chartered Bank	32
3=	–	Barclays Capital	6
3=	4	NatWest Global Financial Markets	6
3=	–	Citibank	6
3=	–	Deutsche Bank	6
Indonesian rupiah
1	1	Standard Chartered Bank	41
2	4	Citibank	20
3	2	HSBC	9
4	5	Chase Manhattan Bank	8
5	3	ANZ Banking Group	7
Korean won
1	2	Standard Chartered Bank	26
2	5=	Citibank	20
3	–	HSBC	15
4	1	Chase Manhattan Bank	7
New Taiwan dollar
1	1	Standard Chartered Bank	28
2	3	Citibank	16
3	2	HSBC	15
4	–	Chase Manhattan Bank	8
Philippine peso
1	2	Standard Chartered Bank	21
2	–	Chase Manhattan Bank	15
3	2	Citibank	12
4	1	HSBC	9
Singapore dollar
1	1	Standard Chartered Bank	39
2	–	Barclays Capital	17
3	2	HSBC	16
4	–	Chase Manhattan Bank	11
5	–	Bank of America	9
Thai baht
1	1	Standard Chartered Bank	32
2	–	HSBC	21
3	2	BNP Paribas	12
4	–	Chase Manhattan Bank	11
Indian rupee
1	2	Standard Chartered Bank	24
2	1	State Bank of India	19
3	–	HSBC	13
4	–	Chase Manhattan Bank	6
South African rand
1	1	The Standard Bank of South Africa	27
2	4=	Standard Chartered Bank	23
3	–	Citibank	17
4=	4=	JP Morgan	15
4=	2	Nedcor Bank	1
Turkish lira
1	–	Deutsche Bank	21
2	3=	Citibank	17
3	1	ABN Amro	13
4	2	Chase Manhattan Bank	12
5	3=	Kocbank	10
Saudi riyal
1	1	BNP Paribas	2
2	4	HSBC	19
3	–	Citibank	9
4	2	National Commercial Bank	7
5	–	Standard Chartered Bank	5

How New York rates interbank markets
Consistently tight market-making
0	99
1	3	Citibank	21
2=	4	Goldman Sachs	18
2=	1	Morgan Stanley Dean Witter	18
4	–	Bank of America	16
5	–	Warburg Dillon Read	14

Currency pairs
Eur/$
1	–	Citibank	22
2=	2	Morgan Stanley Dean Witter	15
2=	1	Chase Manhattan Bank	15
4	–	Bank of America	14
5	–	Warburg Dillon Read	13
Eur/Yen
1	2	Citibank	16
2=	3	Sumitomo Bank	10
2=	–	Crédit Agricole Indosuez	10
4=	–	Bank of Tokyo-Mitsubishi	7
4=	–	Dresdner Kleinwort Benson	7
Eur/£
1	–	Citibank	15
2	3=	NatWest Global Financial Markets	12
3	2	Barclays Capital	9
4	–	Warburg Dillon Read	8
5=	–	HSBC	7
5=	–	Deutsche Bank	7
5=	3=	Chase Manhattan Bank	7
5=	1	Crédit Agricole Indosuez	7
Eur/Sfr
1	1=	Warburg Dillon Read	37
2	5=	Credit Suisse First Boston	22
3	1=	Morgan Stanley Dean Witter	12
4	–	Crédit Agricole Indosuez	7
5	4	Chase Manhattan Bank	5
$/Yen
1	2	Citibank	13
2=	1	Morgan Stanley Dean Witter	11
2=	–	Sumitomo Bank	11
4	3	Chase Manhattan Bank	10
5	–	Warburg Dillon Read	9
$/£
1	3=	NatWest Global Financial Markets	13
2=	–	HSBC	10
2=	3=	Citibank	10
2=	2	Barclays Capital	10
5=	–	Goldman Sachs	8
5=	5	Morgan Stanley Dean Witter	8
5=	1	Crédit Agricole Indosuez	8
$/Sfr
1	1=	Warburg Dillon Read	36
2	3	Credit Suisse First Boston	19
3	4	Morgan Stanley Dean Witter	10
4	–	Crédit Agricole Indosuez	7
5	–	Julius Baer	5

Best dealers
Euro
1	–	Warburg Dillon Read	15
2=	–	Bank of America	12
2=	–	Citibank	12
4	–	Morgan Stanley Dean Witter	8
5	–	Deutsche Bank	7
Greek drachma
1	2	Alpha Credit	11
2	1	Bank of America	10
3	–	National Bank of Greece	8
4	3	Citibank	6
Danish krone
1	2	Den Danske Bank	20
2=	3	SEB	11
2=	1	Unibank	11
4	–	Svenska Handelsbanken	7
5	–	Citibank	5
Norwegian krone
1	3=	Svenska Handelsbanken	22
2	2	SEB	16
3	–	Unibank	14
4=	3=	Den norske Bank	11
4=	3=	Christiania Bank	11
Swedish krona
1=	1	SEB	22
1=	2	Svenska Handelsbanken	22
3	–	Unibank	10
Australian dollar
1	2=	Westpac Banking Corp	23
2	1	Commonwealth Bank of Australia	20
3	2=	National Australia Bank	15
4	4=	ANZ Banking Grouping Group	11
5=	–	Deutsche Bank	7
5=	–	Morgan Stanley Dean Witter	7
Canadian dollar
1	1	Royal Bank of Canada	33
2	4	CIBC Wood Gundy	28
3	5	TD Securities	10
4	3	Bank of Montreal	9
5=	2	Bank of Nova Scotia	6
5=	–	JP Morgan	6
New Zealand dollar
1	2	Westpac Banking Corp	21
2	1	National Australia Bank	11
3	3	Commonwealth Bank of Australia	9
4=	–	Bancorp New Zealand	8
4=	4	ANZ Banking Group	8
5	–	The National Bank of New Zealand	7
Argentine peso
1=	1	Chase Manhattan Bank	10
1=	2	Citibank	10
3	–	Deutsche Bank	7
4	–	Credit Suisse First Boston	5
Brazilian real
1	–	Morgan Stanley Dean Witter	11
2	2	Chase Manhattan Bank	9
3	3	JP Morgan	8
4	–	Citibank	6
Mexican peso
1	–	Banco Nacional de Mexico	14
2=	2=	Chase Manhattan Bank	11
2=	–	Morgan Stanley Dean Witter	11
4	–	Banco Santander Central Hispano	9
5=	–	Citibank	8
5=	–	Bank of America	8
Polish zloty
1	–	Citibank	11
2	–	ING Barings	6
Hungarian forint
1	–	Citibank	7
2=	–	Warburg Dillon Read	4
2=	–	ING Barings	4
2=	–	Deutsche Bank	4
Hong Kong dollar
1	2	Standard Chartered Bank	17
2	1	HSBC	14
3	–	Citibank	7
Indian rupee
1	1	Standard Chartered Bank	8
2	–	ING Barings	5
Korean won
1	1	Standard Chartered Bank	10
2	2	Citibank	7
3	3	HSBC	6
New Taiwan dollar
1	1	Standard Chartered Bank	8
2	3	HSBC	6
Philippine peso
1=	1	Standard Chartered Bank	13
1=	2	Citibank	13
3	3	HSBC	11
Singapore dollar
1	1	Standard Chartered Bank	16
2	–	Citibank	10
3	–	Barclays Capital	6
4	–	Warburg Dillon Read	5
Thai baht
1	1	Standard Chartered Bank	16
2	–	Citibank	6
Indian rupee
1	1=	Standard Chartered Bank	10
2=	1=	State Bank of India	8
2=	3	HSBC	8
4	–	Deutsche Bank	5
South African rand
1	3	Standard Chartered Bank	21
2	–	Morgan Stanley Dean Witter	8
3=	–	Barclays Capital	7
3=	–	Citibank	7
5	–	Nedcor Bank	6
Turkish lira
1	–	Citibank	12
2	–	Chase Manhattan Bank	6
3	–	Deutsche Bank	5
Saudi riyal
1	–	BNP Paribas	9
2	2	Citibank	8
3	1	Standard Chartered Bank	7
4	–	Riyad Bank	4
5	–	The National Commercial Bank	3

How Tokyo rates interbank markets
Consistently tight market-making
0	99
1	–	Industrial Bank of Japan	18
2	1	Sumitomo Bank	16
3	–	Warburg Dillon Read	9

Currency pairs
Eur/$
1	–	Deutsche Bank	13
2=	–	Industrial Bank of Japan	9
2=	4	Citibank	9
4=	2=	Warburg Dillon Read	8
4=	–	NatWest Global Financial Markets	8
Eur/Yen
1	1	Bank of Tokyo-Mitsubishi	18
2	5	Industrial Bank of Japan	16
3	2=	Sumitomo Bank	11
4=	–	HSBC	7
4=	4	Citibank	7
4=	–	JP Morgan	7
Eur/£
1	2	NatWest Global Financial Markets	32
2	1	HSBC	24
3	4	Standard Chartered Bank	10
4	–	Deutsche Bank	5
Eur/Sfr
1	1	Warburg Dillon Read	22
2	2	Credit Suisse First Boston	12
3	5	ANZ Banking Group	8
$/Yen
1	2	Bank of Tokyo-Mitsubishi	20
2	3	Industrial Bank of Japan	18
3	1	Sumitomo Bank	12
4	–	Citibank	7
5=	–	NatWest Global Financial Markets	5
5=	–	Nomura	5
$/£
1	2	NatWest Global Financial Markets	38
2	1	HSBC	20
3	4	Standard Chartered Bank	11
4	3	Barclays Capital	6
5	–	Deutsche Bank	5
$/Sfr
1	1	Warburg Dillon Read	34
2	2	Credit Suisse First Boston	16
3	5	ANZ Banking Group	11
4	4	Citibank	5

Currency pairs
Euro (& Emu 11)
1	1	Citibank	10
2	3	HSBC	8
3=	–	NatWest Global Financial Markets	6
3=	–	Royal Bank of Canada	6
5	–	Sumitomo Bank	5
Danish krone
1	1	SEB	23
2	2	Den Danske Bank	15
3	–	Den norske Bank	11
4	–	Credit Suisse First Boston	3
5=	–	Christiania Bank	2
5=	3	Unibank	2
Norwegian krone
1	1	SEB	25
2	2	Den Danske Bank	19
3	3	Den norske Bank	13
4	–	Christiania Bank	8
Swedish krona
1	1	SEB	29
2	2	Den Danske Bank	20
3	–	Christiania Bank	6
Australian dollar
1	1	Westpac Banking Corp	32
2	2	National Australia Bank	19
3	3	ANZ Banking Group	17
4	5	MacQuarie Bank	7
5	4	Commonwealth Bank of Australia	6
Canadian dollar
1	2	TD Securities	20
2	5	CIBC Wood Gundy	17
3	1	Royal Bank of Canada	19
New Zealand dollar
1	2	Bank of New Zealand	22
2	–	The National Bank of New Zealand	20
3	4	Westpac Banking Corp	11
Hong Kong dollar
1	1	HSBC	24
2	–	Citibank	10
3	–	Standard Chartered Bank	8
Indonesian rupiah
1	–	Standard Chartered Bank	15
2	–	Deutsche Bank	12
3	–	Citibank	7
4	1	HSBC	6
Korean won
1	2	Citibank	10
2	–	Korean Exchange Bank	7
New Taiwan dollar
1=	1	Citibank	10
1=	–	Chase Manhattan Bank	10
3	–	Deutsche Bank	9
Philippine peso
1	–	Deutsche Bank	13
2	1	Standard Chartered Bank	10
3=	2	Citibank	5
3=	3	HSBC	5
Singapore dollar
1	1	Development Bank of Singapore	16
2	–	Deutsche Bank	13
3	2	HSBC	12
4=	4	Chase Manhattan Bank	7
4=	5	United Overseas Bank	7
Thai baht
1	–	Citibank	10
2	3	Standard Chartered Bank	8
3=	1	HSBC	7
3=	4	Chase Manhattan Bank	7
3=	2	Bangkok Bank	7
Indian rupee
1	3	Standard Chartered Bank	7
2	1	Citibank	6

South African rand
1	1	The Standard Bank of South Africa	11
2	–	ANZ Banking Group	10
3	–	Standard Chartered Bank