FX.co ★ Singapore Forex Reserves Rise Further in June

Singapore’s official foreign exchange reserves rose to SGD 551.3 billion in June 2026, up from SGD 548.6 billion in May, marking the fourth consecutive month at their highest level since February 2022. The increase was mainly driven by a rise in gold and foreign exchange holdings, which climbed to SGD 541.2 billion from SGD 538.5 billion in the previous month. Special drawing rights also inched up to SGD 8.29 billion from SGD 8.25 billion. In contrast, Singapore’s reserve position in the IMF dipped slightly to SGD 1.82 billion from SGD 1.84 billion. For comparison, in June of the previous year, total reserves stood at SGD 515.8 billion.