FX.co ★ Singapore Forex Reserves Reach Near 4-Year High

Singapore’s foreign exchange reserves rose to SGD 529.11 billion in January 2026, up from SGD 526.33 billion in December 2025. This was the highest level since the record set in February 2022, driven primarily by an increase in gold and foreign exchange holdings (SGD 519.04 billion versus SGD 516.14 billion in December). In contrast, special drawing rights edged down to SGD 8.27 billion from SGD 8.38 billion, and the IMF reserve position slipped to SGD 1.80 billion from SGD 1.81 billion. A year earlier, in January 2025, total reserves amounted to SGD 510.56 billion.