Singapore is the third largest foreign exchange center in the world and the largest in Asia, the Monetary Authority of Singapore said on Thursday, citing a survey by the Bank for International Settlements.

The average daily foreign exchange turnover volume in Singapore was 383 billion U.S. dollars in April 2013, up 44 percent from that in April 2010, according to the survey.

The global turnover growth in the same period was 35 percent.

The average daily interest rate derivatives turnover volume in Singapore also grew 6 percent in the same period to 37 billion U.S. dollars in April 2013, the second largest in Asia. Japan was the largest in Asia.

A separate survey by the Singapore Foreign Exchange Market Committee of the top 30 trading banks in Singapore showed that the average daily turnover in April stood at around 381 billion U.S. dollars, up 6 percent compared to the last survey in October 2012.

"Our growing strength in foreign exchange is a key complement to the development of capital market and asset management activities in Singapore," said Jacqueline Loh, deputy managing director of the Monetary Authority of Singapore, the central bank of the city state. Endi

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