Singapore Forex Reserves Retreat in July

2026-08-07 09:01 By Nicole Aliyah 1 min. read

Singapore's official foreign exchange reserves declined to SGD 549.3 billion in July 2026 from SGD 551.3 billion in the previous month, easing from the highest level since February 2022.

The decline was mainly driven by lower gold and foreign exchange holdings, which fell to SGD 539.2 billion from SGD 541.2 billion in June.

Special drawing rights also edged down to SGD 8.25 billion from SGD 8.29 billion.

Meanwhile, Singapore's reserve position in the IMF increased slightly to SGD 1.87 billion from SGD 1.82 billion.

In the same month a year earlier, official foreign exchange reserves stood at SGD 515.5 billion.



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Singapore Forex Reserves Retreat in July
Singapore's official foreign exchange reserves declined to SGD 549.3 billion in July 2026 from SGD 551.3 billion in the previous month, easing from the highest level since February 2022. The decline was mainly driven by lower gold and foreign exchange holdings, which fell to SGD 539.2 billion from SGD 541.2 billion in June. Special drawing rights also edged down to SGD 8.25 billion from SGD 8.29 billion. Meanwhile, Singapore's reserve position in the IMF increased slightly to SGD 1.87 billion from SGD 1.82 billion. In the same month a year earlier, official foreign exchange reserves stood at SGD 515.5 billion.
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Singapore Forex Reserves Rise Further in June
Singapore's official foreign exchange reserves increased to SGD 551.3 billion in June 2026 from SGD 548.6 billion in the previous month, remaining at their highest level since February 2022 for a fourth consecutive month. The increase was driven by higher gold and foreign exchange holdings rising to SGD 541.2 billion from SGD 538.5 billion in May. Special drawing rights also edged up to SGD 8.29 billion from SGD 8.25 billion. Meanwhile the reserve position in the IMF eased slightly to SGD 1.82 billion from SGD 1.84 billion. In the same month a year earlier, reserves stood at SGD 515.8 billion.
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Foreign exchange reserves in Singapore rose to SGD 544.1 billion in April 2026 from an upwardly revised SGD 544.1 billion in the previous month, still marking the highest level since February 2022. The reserve components increased, with gold and foreign exchange climbing to SGD 534.0 billion from SGD 531.6 billion in March. At the same time, the IMF reserve position edged up to SGD 1.86 billion from SGD 1.80 billion. Meanwhile, special drawing rights eased to SGD 8.24 billion from SGD 8.30 billion. In the same month a year earlier, reserves stood at SGD 508.2 billion.
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