Singapore Forex Reserves Rise in August

Singapore’s official foreign exchange reserves rose to SGD 550.73 billion in August 2026 from SGD 549.30 billion in the previous month. The increase was mainly driven by higher gold and foreign exchange reserves, which rose to SGD 540.73 billion from SGD 539.18 billion in the previous month. Meanwhile, special drawing rights declined slightly to SGD 8.21 billion from SGD 8.25 billion, while the reserve position in the IMF fell to SGD 1.78 billion from SGD 1.87 billion. In the same month a year earlier, official foreign exchange reserves were lower at SGD 502.02 billion in August 2025.

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.

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.