FX.co ★ Singapore Forex Reserves Rise in September

In September 2025, Singapore's foreign exchange reserves experienced growth, reaching SGD 506.83 billion, up from the previous month's figure of SGD 502.02 billion. This positive change was largely attributable to an increase in gold and foreign exchange holdings, which rose to SGD 496.69 billion from SGD 491.92 billion. Concurrently, Special Drawing Rights (SDRs) saw a slight uptick, moving up to SGD 8.35 billion from SGD 8.30 billion in the same period. However, there was a marginal decrease in the International Monetary Fund (IMF) reserve position, which declined to SGD 1.79 billion from SGD 1.80 billion. For context, reserves stood at SGD 499.72 billion in September of the preceding year.