Foreign exchange reserves in Singapore increased to SGD 452.5 billion in July 2023 from SGD 448.25 billion in the previous month. It was the largest amount since May 2022, boosted by the increase in gold & foreign exchange (SGD 442.1 billion vs SGD 437.6 billion in June). Meanwhile, minimal decreases were observed in SDRs (SGD 8.34 billion vs SGD 8.52 billion) and IMF reserve position (SGD 2.04 billion vs SGD 2.13 billion). In July 2022, the reserves stood at SGD 398.55 billion. source: Monetary Authority of Singapore
Foreign Exchange Reserves in Singapore averaged 156558.54 SGD Million from 1972 until 2023, 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 August of 2023.
Foreign Exchange Reserves in Singapore is expected to be 390000.00 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 420000.00 SGD Million in 2024 and 450000.00 SGD Million in 2025, according to our econometric models.