FX.co ★ Singapore’s Foreign Reserves Edge Higher in May, Topping $430 Billion

Singapore’s foreign exchange reserves continued to rise in May 2026, nudging above the $430 billion mark amid a steady month-on-month increase. According to data updated on 8 June 2026, official reserves climbed to USD 430.1 billion, up from USD 427.3 billion in April 2026.

On a month-over-month basis, the May figure reflects a gain of USD 2.8 billion compared with April. The April reading of USD 427.3 billion itself had represented an increase versus March, indicating back-to-back monthly expansions in the city-state’s foreign reserve position.

The data, tracked on a month-over-month comparison basis, highlights continued accumulation of reserves through the second quarter of 2026, underscoring the robustness of Singapore’s external buffers and its capacity to manage financial-market volatility and external shocks.