Singapore’s foreign exchange reserves climbed to USD 419.2 billion in March 2026, up from USD 416.1 billion in February, according to data updated on 7 April 2026. The increase underscores a continued build-up in the city-state’s external buffers.
On a month-over-month basis, the latest figures show a further strengthening in Singapore’s reserve position compared with February 2026, when reserves stood at USD 416.1 billion. The “Actual” comparison reflects the change from February to March, while the “Previous” comparison measures February’s change against January, allowing markets to track the momentum and consistency of reserve accumulation over consecutive months.
The steady rise in reserves is closely watched by investors as an indicator of Singapore’s external strength and its capacity to manage currency stability and external shocks. While the data do not specify the drivers of the increase, the uptick in March adds to the narrative of resilience in the country’s financial position heading into the second quarter of 2026.
