Singapore Poised to be Asia's Top Currency Trader

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hanzahar

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AUGUST 29, 2006
Singapore Poised to be Asia's Top Currency Trader
Singapore trading threatens to overtake Japan's
The city-state of Singapore is working toward becoming Asia's major currency trading hub. It has already almost caught Japan in volume of currency trading, and is striving to overtake the current Asian champion on the FX market. Singapore's specialty is in emerging market currencies like the Indonesian rupiah and the Chinese yuan. And with the yuan poised to strengthen faster than ever before, Singapore could be in good shape to reach its goal, reports Bloomberg:

The volume of trading in Chinese yuan increased more than fivefold from 2001 to 2004, and trading in the Indonesian rupiah jumped 283 percent, according to the Basel, Switzerland-based BIS. Global foreign exchange trading expanded 36 percent in constant exchange-rate terms in the same period.

Investor speculation that China will allow the yuan to strengthen faster is fueling bets on the currency. The Group of Seven industrialized nations in April told China to let the yuan appreciate to narrow lopsided trade flows.


Trade Asian Currencies
Currency trading with a variety of currenices on the FX market

Topic Tags: Asian currencies, Chinese yuan, currency trader, currency trading, currency trading hub, emerging marketing currencies, FX market, Singapore
 
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hanzahar

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SEPTEMBER 08, 2006
Singapore Anxious to Become Currency Trading Hub
Singapore close to over taking Tokyo as the region's main forex trading center
With its expansion into various financial products, and a desire to become Asia's biggest currency trading hub, Singapore is on the verge of surpassing Tokyo as the pre-eminent FX trading market in Asia. Forex trading is quite popular there, and Singapore offers a wide range of financial services to a variety of clients from all over Asia and around the world.
 

hanzahar

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kn aku da ckp...nk bukak fx account yg paling safe dekat SG...yg paling dekat dgn MY lah
 

RizMa

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company apa nama die kat SG ni?
 

hanzahar

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laharjaya

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orang mesia bila plak nk jd top scorer ni....cabaran ...cabaran tu...kena ambek
 

astagold.UMOFX

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hehehe canggih, tapi sekarang aku dengar sapa bawak masuk rokok ke spore, dah buka ke belum, sekotak tax sgd7, lagi mahal dari harga rokok :))

kalau tak declare, sangkut, bole kena sgd200 ke sgd500 #:-S

kumpul dana utk fx kot :))
 

bong

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deposit untuk buka akaun trading tinggi sangat :((
 

hanzahar

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hehehe canggih, tapi sekarang aku dengar sapa bawak masuk rokok ke spore, dah buka ke belum, sekotak tax sgd7, lagi mahal dari harga rokok :))

kalau tak declare, sangkut, bole kena sgd200 ke sgd500 #:-S

kumpul dana utk fx kot :))
:eek:

no idea,aku tk isap rokok :p

tapi dulu kwn aku kene 1 kotak hardpacked SGD 100

ni yg aku panggil day light robbery...:D
 
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