SGX Market Update : Singapore still largest FX centre in Asia-Pacific, third largest globally.

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SINGAPORE (Sept 2): The Monetary Authority of Singapore (MAS) on Thursday says Singapore is still the biggest remote trade (FX) focus in the Asia-Pacific district, and third biggest comprehensively after London and New York.

The normal every day exchanging volume of Singapore’s FX business sector was US$517 billion ($705 billion) in April 2016, up 35% from US$383 billion in April 2013. The city-state’s offer of worldwide FX volumes has developed to 7.9% in 2016, from 5.7% three years back.

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One thought on “SGX Market Update : Singapore still largest FX centre in Asia-Pacific, third largest globally.

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