Singapore Forex Reserves Reach Near 4-Year High

Foreign exchange reserves in Singapore increased to SGD 529.11 billion in January 2026 from SGD 526.33 billion in the previous month. This marked the largest amount since a record high in February 2022, mainly due to a rise in gold and foreign exchange reserves (SGD 519.04 billion vs SGD 516.14 billion in December). Meanwhile, special drawing rights (SGD 8.27 billion vs SGD 8.38 billion) and IMF reserve position (SGD 1.80 billion vs SGD 1.81 billion) decreased slightly. In January 2025, the reserves stood at SGD 510.56 billion.

Foreign exchange reserves in Singapore rose to SGD 526.33 billion in December 2025 from SGD 518.11 billion in November. This was the largest amount since a record high in February 2022, driven by further increases in gold and foreign exchange reserves (SGD 516.14 billion vs SGD 507.96 billion in November) and IMF reserve position (SGD 1.81 billion vs SGD 1.76 billion). Meanwhile, special drawing rights (SDRs) fell slightly (SGD 8.38 billion vs SGD 8.39 billion). In December 2024, the reserves stood at SGD 506.71 billion.

Foreign exchange reserves in Singapore rose to SGD 518.1 billion in November 2025, up from SGD 510.4 billion in October, marking the highest level since February 2022. The increase was driven by gains in gold and foreign exchange reserves (SGD 507.96 billion vs SGD 500.34 billion) and special drawing rights (SDRs) (SGD 8.39 billion vs SGD 8.32 billion), partly offset by a slight decline in the IMF reserve position (SGD 1.76 billion vs SGD 1.764 billion). On a year-on-year basis, reserves were up from SGD 505.74 billion in November 2024.