Singapore: Foreign exchange reserves
* indicates monthly or quarterly data series
The most recent value is 506.71 billion Singapore Dollar as of December 2024, an increase compared to the previous value of 505.74 billion Singapore Dollar. Historically, the average for Singapore from January 1972 to December 2024 is 165.41 billion Singapore Dollar. The minimum of 4.17 billion Singapore Dollar was recorded in January 1972, while the maximum of 579.15 billion Singapore Dollar was reached in February 2022.
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* indicates monthly or quarterly data series
- Measure: billion Singapore Dollar
- Source: Monetary Authority of Singapore
| Recent values | Singapore: Foreign exchange reserves, billion currency units |
|---|---|
| 2024 Dec | 506.71 |
| 2024 Nov | 505.74 |
| 2024 Oct | 507.61 |
| 2024 Sep | 499.72 |
| 2024 Aug | 501.28 |
| 2024 Jul | 506.43 |
| 2024 Jun | 503.71 |
| 2024 May | 500.86 |
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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 93.61 | 2021 | percent |
| Trade openness | 311.24 | 2023 | percent |
| Financial openness | 2.299 | 2021 | index points |
| Exports, percent of GDP | 174.30 | 2023 | percent |
| Exports, billion dollars | 873.99 | 2023 | billion U.S. dollars |
| Growth of exports | 2.38 | 2023 | percent |
| Imports, percent of GDP | 136.94 | 2023 | percent |
| Imports, billion dollars | 686.66 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 34.95 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 175.24 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | 7,025.20 | 2023 | million dollars (current) |
| Current account, percent of GDP | 19.77 | 2023 | percent |
| Current account, in dollars | 99.13 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 37.36 | 2023 | percent |
| Trade balance, in dollars | 187.33 | 2023 | billion U.S. dollars |
| Reserves | 359.83 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 0.00 | 2023 | percent |
| Remittances | 0.00 | 2023 | million U.S. dollars |
| Net errors and omissions | -2,758.71 | 2023 | million USD |
| Foreign exchange reserves | 506.71 | 12/2024 | billion |