Currency Pairs USD/ SGD USD = base currency SGD = quote currency i.e Buy USD, sell SGD Minimum Price Increment: 0.00001 ( 0.1 pip) Settlement: T+2 e.g USD.SGD 1.3703 means 1 USD is worth 1.3703 SGD So the ideal rate is 1:1 ie. Using 1 SGD to exchange for 1 USD Trading Hours Forex trades 24 hours…
