Foreign exchange reserves in Singapore fell to SGD 502.02 billion in August 2025, from SGD 515.48 billion in the previous month, marking the lowest level since September 2024. The decline was mainly driven by a drop in gold and foreign exchange holdings, which fell to SGD 491.92 billion from SGD 505.38 billion in July. Special Drawing Rights remained nearly flat at SGD 8.3 billion, while the IMF reserve position edged up slightly to SGD 1.80 billion from SGD 1.79 billion. By comparison, reserves stood at SGD 501.28 billion in August 2024.