Global Foreign Exchange

Global Presence

Scotiabank is a leading financial services provider in over 55 countries and Canada's most international bank. Since our inception in Halifax, Nova Scotia, in 1832, Scotiabank has continued to expand its global reach. 

We have a broad international footprint in North America, Central America, Latin America, Europe, Caribbean and Asia with trading desks in the following locations:

Global Foreign Exchange Locations
Canada/USA/Europe Caribbean &
Central America
Latam Asia Pacific Region

Canada / USA / Europe

Calgary, London (UK), Montreal, New York, Toronto

Our comprehensive client offering includes spot, forwards, swaps, options (vanilla and exotic), open window delivery contracts and cash settled noon average rate contracts (NARC) in all liquid currencies. In illiquid currencies, our hedging products include non-deliverable forwards (NDF), non-deliverable swaps (NDS) and non-deliverable options (NDO).

Caribbean & Central America

Bahamas, Barbados, Costa Rica, Dominican Republic, El Salvador, Jamaica, Trinidad & Tobago

Over the past century, Scotiabank has developed the most extensive network representation of any bank in the Caribbean region. Market expertise prevails in AWG, BBD, BMD, BSD, BZD, DOP, GYD, HTG, JMD and KYD.

Latin America Region

Brazil, Chile, Colombia, Mexico, Peru, Uruguay

Scotiabank has a unique footprint in Latin America with a local presence in the best developing countries of the region. Throughout our large network of branches and offices and specialized trading rooms in six countries we provide our clients risk management and investment solutions in Peruvian Nuevo Sol (PEN), Chilean Peso (CLP), Uruguayan Peso (UYU), Mexican Peso (MXN), Colombian Peso (COP) and Brazilian Real (BRL). Our hub in Lima, Peru also acts as a center for all NDF business in Latin America and is the main bridge to interconnect our region with the rest of the world.

Asia Pacific Region

China, Hong Kong, India, Korea, Malaysia, Singapore

Scotiabank has a distinct advantage in Asia with full branches and a trading presence across most of Asia's financial centres. This enables the business to focus on a strategy involving FX products in core currencies. Core currencies cover China (CNY and CNH), Korea (KRW), Taiwan (TWD), India (INR), and Malaysia (MYR). The hub in Hong Kong also acts a centre of excellence for G10 currencies in Asia with a special focus on CAD. We are committed to our core currency capability in NDF's and FX options to better service our global clients.

Scotiabank is a member of the China Foreign Exchange Trade System (CFETS) for on-shore CNY trading in Shanghai and is an authorized clearing member for Renminbi trading in Hong Kong, which offers the ability to deliver CNH solutions to clients.