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A foreign exchange spot market is a market for trading one currency against the another in such a way that the delivery takes place within 2 days of the execution of the trade. It usually takes two days to transfer cash from one bank to the other.
The MAS, Singapore's de facto central bank, uses an undisclosed trade-weighted basket of currencies to set a band within which the Singapore dollar trades.hile not her base case, Chew-who forecasts the currency will fall to 1.40 against the U.S. dollar by year-end-isn't ruling out monetary policy easing either.