Official Foreign Reserves

Data on Singapore's foreign currency assets.

 

Last Update: 7 June 2023, 5pm

End of Period

Total 

Special
Drawing Rights 

Reserve
Position
in the IMF 

Gold & Foreign
 Exchange 

Total Official
 Foreign Reserves
Changes in the Official Foreign Reserves (OFR) are influenced by the following factors:
(a) Foreign exchange intervention operations involving the purchase or sale of USD for the purpose of implementing the exchange rate policy;
(b) Transfer of assets that are in excess of what MAS deems necessary to maintain confidence in Singapore’s exchange rate-centred monetary policy to the Government for longer-term investment;
(c) Realised investment gains or losses on the OFR;
(d) Currency translation effects;
(e) Changes in the stock of FX swaps, as part of MAS’ money market operations to manage liquidity in the banking system; and
(f) Foreign exchange transactions with the Government as part of MAS’ function as a banker to the Government. The increase in the OFR arising from the foreign exchange transaction is matched by a corresponding increase in the Government Deposits with MAS. The Government’s direct exchange of its foreign currency holdings for S$ is for cash flow management purposes such as fiscal expenditures, debt obligations, and capital allocation.

 1=2+3+4  2  3  4  5
 S$ Million   US$ Million

 2018

 392,095.8  1,434.2  1,447.1  389,214.5  287,673.1

 2019

 375,782.5  1,426.1  1,632.4  372,724.0  279,450.2

 2020

 478,840.1  1,466.7  2,168.5  475,204.9  362,304.8

 2021

 563,338.8  8,503.6  2,074.6  552,760.6  417,904.4

 2022

 388,256.1  8,501.2  2,079.3  377,675.6  289,484.1
           
2022 Jan  565,759.8 8,480.7 2,069.5 555,209.6 418,390.3
Feb  579,154.4 8,530.3 2,081.8 568,542.3 426,633.1
Mar  513,841.4 8,428.0 2,057.8 503,355.6 379,666.2
Apr  504,263.5  8,346.6 2,019.7 493,897.2  365,177.4
May  473,264.2 8,327.7 2,021.6 462,914.9 345,219.1
Jun  437,541.4 8,446.9  2,097.5 426,997.0 314,369.8
Jul  398,554.3 8,434.1 2,069.7 388,050.5 288,223.1
Aug  403,800.8 8,399.5 2,061.9 393,339.4 289,414.9
Sep 410,500.3 8,543.1 2,083.9 399,873.3 286,067.1
Oct  399,434.4 8,609.1 2,053.3 388,772.0 282,284.4
Nov  399,086.7 8,540.8 2,034.5 388,511.4 291,274.7
Dec  388,256.1 8,501.2 2,079.3 377,675.6 289,484.1
           
2023 Jan  383,409.9 8,422.0 2,033.5 372,954.4 291,699.1
Feb  395,889.1 8,513.4 2,052.2  385,323.5 294,085.1
Mar  416,014.7  8,331.4 2,047.2  405,636.1  312,897.0
Apr  416,302.2 8,358.0 2,061.3 405,882.9  312,010.0
May (p) 441,334.2 8,492.6 2,060.5 430,781.1 325,744.5

p: Preliminary

Database

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