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. source: Monetary Authority of Singapore

Foreign Exchange Reserves in Singapore increased to 529105.20 SGD Million in January from 526326 SGD Million in December of 2025. Foreign Exchange Reserves in Singapore averaged 172398.31 SGD Million from 1972 until 2026, reaching an all time high of 579154.40 SGD Million in February of 2022 and a record low of 4174.40 SGD Million in January of 1972. This page provides the latest reported value for - Singapore Foreign Exchange Reserves - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Foreign Exchange Reserves - data, historical chart, forecasts and calendar of releases - was last updated on February of 2026.

Foreign Exchange Reserves in Singapore increased to 529105.20 SGD Million in January from 526326 SGD Million in December of 2025. Foreign Exchange Reserves in Singapore is expected to be 508000.00 SGD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Foreign Exchange Reserves is projected to trend around 528000.00 SGD Million in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-07 09:00 AM
Foreign Exchange Reserves
Dec S$526.3B S$518.1B
2026-02-09 09:00 AM
Foreign Exchange Reserves
Jan S$529.1B S$526.3B
2026-03-09 09:00 AM
Foreign Exchange Reserves
Feb S$529.1B


Related Last Previous Unit Reference
Banks Balance Sheet 3869316.90 3794087.80 SGD Million Dec 2025
Central Bank Balance Sheet 793327.20 790147.20 SGD Million Dec 2025
Foreign Exchange Reserves 529105.20 526326.00 SGD Million Jan 2026
Overnight Rate Average (SORA) 0.91 0.86 percent Feb 2026
Bank Lending 886109.70 873129.40 SGD Million Dec 2025
Money Supply M0 66715.40 66163.70 SGD Million Dec 2025
Money Supply M1 319885.60 312217.60 SGD Million Dec 2025
Money Supply M2 879796.20 870182.20 SGD Million Dec 2025
Money Supply M3 895501.60 885354.30 SGD Million Dec 2025


Singapore Foreign Exchange Reserves
In Singapore, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.
Actual Previous Highest Lowest Dates Unit Frequency
529105.20 526326.00 579154.40 4174.40 1972 - 2026 SGD Million Monthly
Current Prices, NSA

News Stream
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.
2026-02-09
Singapore Forex Reserves Rise Further
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.
2026-01-07
Singapore Forex Reserves Hit Highest Since Feb 2022
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.
2025-12-08