Singapore’s foreign exchange reserves recorded a slight month-on-month decline in October 2026, easing to USD 431.5 billion from USD 433.4 billion in September 2026, according to data updated on 6 November 2026.
On a month-over-month basis, the October reading reflects a modest decrease in reserves compared with the previous month’s level. The “Actual” comparison measures the change from October to September 2026, while the “Previous” comparison refers to the change observed in September relative to August 2026.
Despite the marginal pullback, Singapore’s reserves remain at a high absolute level, underscoring the country’s continued capacity to support its currency and meet external obligations. Further data in coming months will clarify whether October’s movement signals a broader trend or a short-term adjustment.