Singapore Foreign Exchange Reserves: Months of Import

Singapore Foreign Exchange Reserves equaled 11.9 Months of Import in Dec 2020, compared with the ratio of 12.3 in the previous month. Singapore Foreign Exchange Reserves: Months of Import data is updated monthly, available from Apr 2000 to Dec 2020. The data reached an all-time high of 13.5 in May 2020 and a record low of 5.5 in Jul 2008. CEIC calculates Foreign Exchange Reserves as Months of Import from monthly Foreign Exchange Reserves and monthly Imports. Foreign Exchange Reserves are calculated as the sum of Foreign Currency Reserves and Other Reserve Assets, which include other financial instruments denominated in foreign currency. The Monetary Authority of Singapore provides Foreign Exchange Reserves in USD. International Enterprise Singapore provides Imports in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

In the latest reports, Singapore Foreign Exchange Reserves was measured at 359.3 USD bn in Dec 2020. Its Money Supply M2 increased 12.6 % YoY in Nov 2020. Singapore Domestic Credit reached 514.4 USD bn in Nov 2020, representing an increased of 1.9 % YoY. The country's Non Performing Loans Ratio stood at 1.3 % in Dec 2019, compared with the ratio of 1.4 % in the previous quarter.

View Singapore's Foreign Exchange Reserves: Months of Import from Apr 2000 to Dec 2020 in the chart:

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What was Singapore's Foreign Exchange Reserves: Months of Import in Dec 2020?

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