Singapore consolidates its position as the world's third largest foreign exchange trading center

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Singapore consolidates its position as the world's third largest foreign exchange trading center

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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