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The sheer size of the forex, or foreign exchange, market dominates all others — even the stock market. Every payment that crosses currencies contributes to its fluctuations and momentum. And without a centralized marketplace, forex activity buzzes practically without cease, with traders waking up and doing business everywhere, in every time zone.

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Once you know the INR to Singapore Dollar exchange rate, you can also plan your shopping, since Singapore is known as a shopper’s paradise. It is also advisable to convert INR to SGD in advance in your home country to stay safe from the hassle of finding a reliable forex vendor in Singapore.

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Whereas the FX spot market is for immediate currency trades, the FX forward market is the market for trading currencies for delivery at some point in the future. It enables you to agree a price today (the FX forward price) at which two currencies will be exchanged on a predetermined date in the future.

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Forex - FX: Forex (FX) is the market in which currencies are traded. The forex market is the largest, most liquid market in the world, with average traded values that can be trillions of dollars

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The foreign exchange market (Forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.

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