The Monetary Authority of Singapore said on Wednesday that Singapore has consolidated its position as the world's third-largest foreign exchange trading center after the United Kingdom and the United States.
The central bank of Singapore said in a statement that Singapore's share of global foreign exchange transactions increased from 9.5% in April 2022 to 11.8% in April 2025. The Monetary Authority of Singapore added that the country's average daily foreign exchange trading volume in April 2025 increased by 60% from April 2022 to US$1.485 trillion.
The Monetary Authority of Singapore said the data, released on Tuesday by the Bank for International Settlements, were the result of a survey of global foreign exchange and over-the-counter derivatives markets.
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