Uruguay’s best FX bank 2026: Santander

Santander distinguished itself in Uruguay through sustained growth, a large and loyal customer franchise and digital functionality that set it apart in a predominantly over-the-counter market.

The bank’s FX business has grown by more than 10% a year on average since 2022, with traded volume following a similar trend. Its client base continued to expand during 2025, reaching close to 200,000 active FX customers.

Santander Uruguay serves individuals and SMEs as well as leading companies and institutions, with longstanding relationships in agribusiness, energy and logistics.

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