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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Foreign Exchange Reserves climbed to 553.6B in September 2026
FMPMonthlyReleased October 2026
Singapore Foreign Exchange Reserves climbed to 553.6B in September 2026, released October 2026, up 2.9B from August's 550.7B reading. The reading matched the 554B consensus. Foreign Exchange Reserves has now risen for 3 consecutive months. Over the past 3 months, Foreign Exchange Reserves averaged 509.3B, vs 518.53B in the prior 3-month window. Foreign Exchange Reserves is now the highest in 34 months.
Latest Release
553.6
Actual
554
Consensus
550.7
Previous
Median Absolute Error
±4.28 billion
across last 12 releases
Last Call
Oct 2026
Predicted: 554
Actual: 553.6
Error: +0.4
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.58 | COMMODITIES | Moves against | → View |
| USD/SGD | ▲ Direct | +0.49 | FOREX | Moves with | → View |
| Nikkei 225 | ▼ Inverse | −0.29 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Foreign Exchange Reserves (Singapore) was reported at 553.60 billion in October 2026. This missed the market consensus of 554.00 billion by 0.40 billion. The reading rose from the previous value of 550.70 billion. Trailing 12-month context per ETL data through October 2026. Over the past 12 months, the indicator has averaged 516.19 billion, ranging from 427.90 billion to 553.60 billion across 10 releases.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 510.73 billion, up from the prior three at 510.00 billion. Volatility over the past year (σ 45.22 billion) is higher than the prior year (σ 4.56 billion). In October readings over the past 3 years, Foreign Exchange Reserves has averaged 520.03 billion.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with USD/SGD, positively correlated (Bullish USD). Over the last 12 releases, the Sigmacast model's median absolute error is 4.28 billion.
WHAT TO WATCH NEXT
The next release is scheduled for November 6, 2026.
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Foreign Exchange Reserves - SG
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About Foreign Exchange Reserves — Singapore
DEFINITION
Foreign Exchange Reserves refer to the amount of foreign currency held by a country's central bank. These reserves are used to maintain stability in the country's currency and to fulfill international payment obligations. They serve as a measure of a country's economic strength and ability to withstand external shocks. Foreign Exchange Reserves are an important financial indicator for investors and policymakers, providing insight into a country's monetary policy and its ability to manage its currency.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2026): actual 553.6 M, consensus 554 M. Prior reading (Aug 2026): 550.7 M. Before that (Jul 2026): 427.9 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.58) — a useful reference for commodities-focused traders.
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Economic Calendar - SG Events
| Friday, October 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 02:00 | SG | Bank Lending | 978.8 | 966.4 | 909.5 | 944.15 | Low |
| 02:30 | SG | Unemployment Rate | 2 | 1.9 | 2 | 2.00 | Low |
| Monday, November 2, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 05:00 | SG | Business Confidence | 12 | 14 | 14.00 | Low | |
| 13:00 | SG | S&P Global Manufacturing PMI | 51.7 | 51.8 | 51.80 | Low | |