Singapore Forex Trading at 7-Year High in 2004According to the country's central bank, Singapore's forex trading activity was at a 7-year high in 2004. In U.S. dollars, the trading activity was at USD 154.9 dollars in 2004, making Singapore the fourth-largest forex trading center in the world. According to the central bank, these results reflect the surge in global treasury activities and further strengthen Singapore's position as one of the leading treasury centers in Asia. There is also great growth in forex trading related professionals, particularly in new growth areas, including derivative products. In fact, according to the Singapore Central Bank, the number of treasury professionals rose by 5.5% in 2004 from 2003. |