SINGAPORE--Singapore's foreign exchange reserves stood at US$259.3 billion in December, up from US$255.8 billion in November, the Monetary Authority of Singapore said on its website Monday.
In Singapore dollar terms, foreign exchange reserves were at S$316.7 billion compared with S$312.1 billion in November, the central bank said.
MAS doesn't give reasons for the increase or decrease in its reserves. Link
1 comment:
Correct me if I'm wrong but the foreign reserves doesn't impact the singapore foreign exchange right? Even with a high foreign reserve, the value of the Singapore dollar is based on market trends and inflation.
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