FX.co ★ Singapore’s Foreign Reserves Dip to USD 426.2B in June, Easing from Record Levels

Singapore’s foreign reserves declined modestly in June 2026, slipping to USD 426.2 billion from USD 430.1 billion in May 2026, according to data updated on 7 July 2026. The month-over-month comparison shows a soft pullback after reserves previously stood at higher levels in May.

The June reading suggests a slight easing from the earlier peak, as the “actual” period — June versus May — reflects a reduction in reserve holdings. By contrast, the “previous” comparison period relates to how May’s reserves changed against April, providing context for how momentum in reserve accumulation or drawdown has shifted over recent months.

While the data do not detail the drivers of the decline, the movement in Singapore’s foreign reserves is closely watched by investors and analysts as an indicator of external strength, liquidity buffers and the city-state’s capacity to manage currency and financial market volatility. The latest figures will likely feed into ongoing assessments of regional capital flows and monetary conditions in Asia.