Figures from the Bank for International Settlements’ (BIS) 2025 Triennial Central Bank Survey showed volumes rose 60 percent from April 2022, lifting Singapore’s global share to 11.8 percent from 9.5 percent. Spot, forward and swap trades made up 90 percent of turnover, with activity rising 42 to 61 percent over the period. Monetary Authority of Singapore (MAS), which worked with central banks and regulators in 52 jurisdictions, drew data from 82 financial institutions in Singapore for the survey. Lim Cheng Khai, Executive Director of MAS’ Financial Markets Development Department, said,“Singapore’s FX volumes saw strong growth, driven by deeper liquidity in the Asian time-zone to support economic and hedging needs in the region. This reinforces Singapore’s position as a gateway for global investors into Asia’s fast-evolving economies and financial markets.”Featured image: Edited by Fintech News Singapore, based on image by MAS