As per the Monetary Authority of Singapore (MAS), Singapore now stands as the world’s third-largest foreign exchange trading hub. The MAS reports a 60% hike in average daily turnover, rising to $1.485 trillion in April 2025 from April 2022.
This significant increase underscores Singapore’s growing clout in the global FX market. The MAS draws its data from the Bank for International Settlements’ 2025 Triennial Central review. This review is a key benchmark in the foreign exchange realm, providing essential insights into market trends and shifts.
The impressive FX turnover growth in Singapore testifies to its sturdy financial sector. It also reflects the increasing trust of international investors in Singapore’s ability to provide a safe and stable trading environment amidst global economic uncertainties.
Singapore: A Global FX Powerhouse
Undeniably, the exceptional FX turnover figures underline Singapore’s strategic position in the global financial ecosystem. As a premier financial hub in Asia, Singapore offers a unique mix of stability, sophistication, and accessibility, attracting FX traders globally.
Moreover, Singapore’s commitment to financial innovation and its adoption of cutting-edge fintech solutions significantly add to its appeal as an FX trading hub. As a result, it consistently attracts high volumes of FX trading activity.
However, let’s not forget that the competition among the world’s top FX trading hubs is fierce. The United Kingdom and the United States currently hold the first two spots. Nevertheless, Singapore’s steady growth in FX turnover indicates a robust upward trend with no signs of deceleration.
In conclusion, Singapore’s remarkable rise in FX turnover cements its status as a global financial powerhouse. This accomplishment mirrors the city-state’s unwavering commitment to excellence in the financial services sector. It also highlights the advantages of its strategic location and dedication to technological innovation.
