Singapore FX Trading Reaches $100 Billion A Day In February

BANKS

Trading on the Singapore foreign exchange market, the fourth largest in the world, breached the $100 billion-per-day level for the first time ever in February, according to figures released by the Monetary Authority of Singapore (MAS). "The average daily volume actually hit more than $110 billion that month," says a spokesperson for the central bank.

In January, the daily forex volume was $78 billion, yielding a two-month average of $93.4 billion but this was still better than the $84 billion

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