FX.co ★ Singapore Forex Reserves Decline in June

In June 2025, Singapore's foreign exchange reserves experienced a dip, reaching SGD 515.78 billion, a slight drop from May's three-year peak of SGD 518.08 billion. This decrease was primarily attributed to reductions in gold and foreign exchange holdings, which fell to SGD 505.7 billion from SGD 507.96 billion in May, and the International Monetary Fund (IMF) reserve position, which declined to SGD 1.78 billion from SGD 1.81 billion. Notably, Special Drawing Rights remained relatively stable at SGD 8.3 billion. For comparison, in June 2024, the reserves were recorded at SGD 503.71 billion.