FX.co ★ Singapore Forex Reserves Fall in April

In April 2025, Singapore's foreign exchange reserves fell to SGD 508.22 billion, down from a revised SGD 514.25 billion in March. This decline represents the lowest reserve level since December 2024, primarily due to reductions in both gold and foreign exchange holdings (SGD 497.98 billion compared to SGD 503.99 billion in March) and Special Drawing Rights (SDRs) (SGD 8.40 billion compared to SGD 8.54 billion). Conversely, the International Monetary Fund (IMF) reserve position experienced an increase, rising to SGD 1.84 billion from SGD 1.72 billion. For context, in April 2024, the reserves were at SGD 500.31 billion.