Singapore Forex Reserves Rise to 2022 High

Foreign exchange reserves in Singapore rose to SGD 540.85 billion in March 2026 from SGD 526.25 billion in the previous month, marking the highest level since February 2022. All reserve components increased, with gold and foreign exchange climbing to SGD 530.75 billion from SGD 516.24 billion in February. At the same time, the IMF reserve position edged up to SGD 1.80 billion from SGD 1.79 billion, and special drawing rights rose to SGD 8.30 billion from SGD 8.23 billion. In the same month a year earlier, reserves stood at SGD 514.25 billion.

Foreign exchange reserves in Singapore decreased to SGD 526.25 billion in February 2026 from a nearly four-year high of SGD 529.11 billion in the previous month. This marked the lowest amount since November last year, driven by declines across all reserve components, mainly for gold and foreign exchange reserves, which fell to SGD 516.24 billion from SGD 519.04 billion in January. Additionally, special drawing rights dropped to SGD 8.23 billion from SGD 8.27 billion, while the IMF reserve position edged down to SGD 1.79 billion from SGD 1.80 billion. In February 2025, the reserves stood at SGD 511.63 billion.

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.