Singapore’s foreign exchange reserves fell to SGD 526.25 billion in February 2026, down from a nearly four-year high of SGD 529.11 billion in January. This was the lowest level since November of the previous year and reflected declines across all reserve components, led by gold and foreign exchange reserves, which slipped to SGD 516.24 billion from SGD 519.04 billion. Special drawing rights also declined, to SGD 8.23 billion from SGD 8.27 billion, while the IMF reserve position eased slightly to SGD 1.79 billion from SGD 1.80 billion. A year earlier, in February 2025, total reserves stood at SGD 511.63 billion.