GBP/SGD

1.6234
0.02%
Daily
  • L. 1.62024
  • H. 1.6254
  • Ch. -0.00031
  • Ch.% -0.02%
Overview
Costs & Margins
  • GBP/SGD is an exotic forex pair representing how many Singaporean dollars equal one British pound. Singapore operates one of the largest shipping ports in the world and is a major financial center for all of Asia. As such its economic health is seen as an indicator for the economic health of the Asian continent – especially east and southeast Asia.

    Shipping trade and the export of small electronics like microprocessors make up a large amount of Singapore’s economy. However, banking and other financial service companies are Singapore’s strongest link to Britain, another global financial capital.

    The pound is influenced by British monetary policy and economic events throughout Europe, meaning GBP/SGD can be influenced by a wide range of events.

  • Margin From
    5.0 %
  • Trading Hours
    24 hours / day *
  • Min Trade Size
    1000
  • Long
    -1.23
  • Short
    -0.98
  • Min Stop Distance
    0.0008 points
  • Spreads
  • Spreads From
    0.00080 Points
  • Margins
  • 0 - 720 000
    5.0 %
  • 720 000 - 3600 000
    10.0 %
  • 3600 000 - 7200 000
    15.0 %
  • 7200 000 - 14000 000
    20.0 %
  • 14000 000 +
    40.0 %
  • Dealing
  • Spreads
    0.00080 Points
  • Margins
  • 0 - 720 000
    5.0 %
  • 720 000 - 3600 000
    10.0 %
  • 3600 000 - 7200 000
    15.0 %
  • 7200 000 - 14000 000
    20.0 %
  • 14000 000 +
    40.0 %

Pivot points
Dailys
Weekly
Monthly
Pivot point
1.62611
Bid
1.6243
Offer
1.62468
Distance
0
Last Updated: 1/27/2023 10:00:00 PM

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Forex is the process by which traders can buy one currency and simultaneously sell another, with the goal to profit from the direction price is likely to take in the future. With a daily trading volume of more than $6.5 trillion, the forex market is the most traded in the world, and is open 24 hours a day, 5 days a week for banks, institutions and individuals worldwide.

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You'll need to monitor your trade, with many traders using technical indicators to make better sense of price action, and features such as stops and limits to manage risk. Finally, you can close your position when the market hits a price at which you want to exit.

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