Banco Santander has seen the expansion and success of its FX business extend into Argentina over the review period. Significant developments include its developing non-deliverable forwards (NDF) currency solutions, enabling clients to trade Latam currencies offshore while maintaining onshore delivery. This expansion is driven by growing trade corridors between Asia and Latam and currency rebalancing trends.
In Argentina, the bank played a key role following a significant currency devaluation in December 2023.
Thanks for your interest in Euromoney!
To unlock this article:
