Foreign Exchange

MAS establishes $60b USD facility for banks

It aims to support more stable USD funding conditions in Singapore.

MAS establishes $60b USD facility for banks

It aims to support more stable USD funding conditions in Singapore.

Taiwan's central bank to stabilise forex after US rate cut: report

The US made its first emergency cut since 2009 as COVID-19 continues to spread.

Deutsche Bank floats FX digital platform in Sri Lanka

Clients can pay in local currency between two Asian markets.

Global FX market daily turnover hits $6.6t in 2020

A 40% increase in daily forex trading volume was noted over the last decade.

Singapore steps up efforts to boost FX ecosystem as Hong Kong closes in fast

Citi launched a pricing engine that cuts the time it takes to route a trade between Singapore to Tokyo.

BNP Paribas to launch e-FX pricing and trading engine in Singapore

The tech will offer e-FX trading of 50 currencies across various types of rates.

Singapore, Japan central banks extend bilateral currency swap program

Under the agreement, Singapore provides yen liquidity to eligible financial firms to support cross-border operations.

ICBC, CCDO, SGX to endorse new renminbi bond indices

The new bond indices can be used as performance basis for investing in RMB bonds.

Singapore ranks as the world's third largest foreign exchange centre

Average daily FX trading volume hit $870.63b in April.

Hang Seng Bank adds forex functionality to AI-powered chatbot

Users can request data on current rates and detect nearby FX ATMs.

Standard Chartered launches one-stop digital forex platform

It allows clients to personalise watchlists and price alerts.

Too crowded bets on “7” for USDCNY could be dangerous

Chinese yuan has been under pressure in recent weeks due to the double dip in recent ecomomic data and more importantly, the escalating trade war with...

Singapore to dominate forex with sub-second speeds

MAS looks for ultra-fast platforms that could route currency trades in milliseconds.

Taiwanese banks' yuan deposits up to $42.34b in March

RMB deposits held by offshore banking units rose by $200m to $5.06b.