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Singapore retains position as third largest global forex centre

The Editor
The Editor10/28/2022 01:31 PM GMT+08  • 2 min read
Singapore retains position as third largest global forex centre
According to the Monetary Authority of Singapore (MAS), Singapore’s share of global FX volumes also rose 1.8 percentage points y-o-y to 9.5% in April. Photo: Bloomberg
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Singapore’s foreign exchange (FX) average daily trading volumes (ADTV) rose 45% y-o-y to US$929 billion ($1.31 trillion) in April 2022, retaining the city-state’s position as the third-largest FX centre in the world, behind the UK and the US.

According to the Monetary Authority of Singapore (MAS), Singapore’s share of global FX volumes also rose 1.8 percentage points y-o-y to 9.5% in April.

The figures were released on Oct 27 in the 2022 Triennial Central Bank Survey of the global FX and over-the-counter (OTC) derivatives market conducted by the Bank for International Settlements (BIS). The survey was conducted among MAS, along with other central banks and authorities in 51 other jurisdictions.

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