SINGAPORE has leapfrogged Tokyo over the past three years to become the largest foreign exchange centre in Asia.
Globally, it is now the third-largest forex centre, behind London and New York, said the Bank for International Settlements (BIS).
A view of the Marina Bay Financial Centre.
Singapore's average daily forex turnover hit US$383 billion (S$489 billion) in April. -- ST PHOTO: DESMOND WEE