Singapore strengthened its position as the world’s third-largest foreign exchange trading hub, with average daily turnover rising 60% to $1.485 trillion in April 2025 from April 2022, the Monetary Authority of Singapore (MAS) said, citing results of the Bank for International Settlements’ 2025 Triennial Central Bank Survey released this week.The city-state’s market share climbed to 11.8% of global FX volumes in April 2025, up from 9.5% three years earlier, keeping it behind the United Kingdom and the United ...