9/6/2013

Singapore's average daily foreign exchange volume reached $383 billion as of April, as the city became the biggest FX center in Asia, according to the central bank. "Singapore has definitely established itself as a hub for foreign exchange trading," said Khoon Goh, a senior currency strategist at Australia and New Zealand Banking Group. "Part of this emergence is due to the increasing importance of Asian currencies, and Singapore's time zone is well-suited for that."

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