GBP/SGD

GBP/SGD

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GREAT BRITAIN POUND/ SINGAPORE DOLLAR TRADING

The Great Britain Pound (GBP) and Singapore Dollar (SGD) is an exotic currency pair that is not traded as often as the majors but still gaining popularity. The GBP, known as “Cable” or “Sterling” is the 4th most traded currency in the world, and the SGD is the 12th most traded currency.

History of GBP SGD Trading

The Great British pound (GBP) is the 4th most traded currency in the forex market after the United States dollar, the Euro, and the Japanese yen. Along with those 3 currencies and the Chinese yuan, it forms the basket of currencies which calculate the value of IMF special drawings rights value. The British pound represents the oldest currency in continuous use. It is the official currency of the Sandwich Islands, the Guernsey, Jersey, British Antarctic Territory, the Isle of Man, Tristan da Cunha, and the Isle of Man United Kingdom.

The Singapore dollar (SGD) was first issued in 1965 after the breakdown of the monetary union between Malaysia and Brunei. Since the financial crisis in 2007, the SGD became one of the best-performing currencies. The Singapore dollar became a popular destination for offshore investors and is the 12th most traded currency worldwide, and the 3rd most in Asia.

GBP/SGD Forex Chart
Instrument: GBP/SGD
Spread: floating
Leverage: 1:20
Margin: 5.00%
Minimum Nominal Trade Size: 1000
Overnight Interest (daily) Sell: -3.06%
Overnight Interest (daily) Buy: -6.8%
Trading Hours (GMT): 24/5
MT5 / MT4 Symbol: GBP/SGD

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GBP/SGD Trading FAQs

While forex pairs can theoretically be traded 24 hours a day, there are the worst times to trade the GBP/SGD. Circumstances include immediately before or after high-impact news, the first and last day of the week, and when traders aren’t in the right mental state.

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