Official Foreign Reserves

Data on Singapore's foreign currency assets.

 

Last Update: 8 April 2024, 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

 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
 2023  463,044.3  8,332.6  1,948.3  452,763.4  351,030.5
           
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 441,334.2 8,492.6 2,060.5 430,781.1 325,744.5
Jun 448,246.4 8,518.2 2,129.8 437,598.4 331,188.2
Jul 452,504.8 8,340.0 2,043.0 442,121.8 340,793.3
Aug 455,455.5 8,419.2 2,057.5 444,978.8 337,251.5
Sep 460,497.8 8,406.1 2,006.4 450,085.3 337,397.3
Oct 463,358.8 8,413.5 1,961.6 452,983.7 338,242.3
Nov 461,056.7 8,367.0 1,940.9 450,748.8 345,464.4
Dec 463,044.3 8,332.6 1,948.3 452,763.4 351,030.5
           
2024 Jan 478,163.9 8,256.3 1,956.4 467,951.2 357,792.7
Feb 480,484.9 8,300.7 1,961.4 470,222.8 357,345.5
 Mar (p) 497,322.5 8,467.2 1,961.6 486,893.7 368,494.3

p: Preliminary

Database

Click here to access the database with longer time series data.