Items Unit Latest Period Latest Data % Change
(Y-o-Y)  1/
Previous
Period Data
% Change
(Y-o-Y)  2/
Finance and Insurance            
Money Supply (M1) 3/ 4/ S$m Dec-24 284,095.7 8.8 283,489.6 7.1
Money Supply (M2) 3/ 4/ S$m Dec-24 828,324.8 6.0 823,405.8 5.5
Singapore Overnight Rate Average % p.a Jan-25 2.63 -0.85 2.11 -1.51
3-month Compounded Singapore Overnight Rate Average  % p.a Jan-25 2.90 -0.76 3.03 -0.67
12-week MAS Bill Rate % p.a Jan-25 3.07 -0.90 3.24 -0.81
5-year Govt Bond Interest Rate % p.a Jan-25 2.85 0.02 2.82 0.14
Exchange Rate S$ per US$ (as at end-month) S$ per US$ Jan-25 1.3552 1.1 1.3603 3.2
Official Foreign Reserves at end of year S$m 2024 506,710.4 9.4 463,044.3 19.3
Exchange Rate S$ per US$ (as at end of period) S$ per US$ 2024 1.3603 3.2 1.3186 -1.9
Items Unit Latest Period Latest Data % Change
(Y-o-Y)  1/
Previous
Period Data
% Change
(Y-o-Y)  2/
Commercial Banks





Local 5/ 6/ Number 2024 6 na 6 na
Foreign 5/ Number 2024 126 na 126 na

Data are preliminary when first released.
na not available or not applicable.
1 Refers to % change in latest period over the same period in the previous year.
2 Refers to % change in the previous period over the same period in the previous year.
3 Data have been revised from Jul 2021 following changes to the MAS Notice 610.
4 Data prior to Jul 2021 on a comparable basis with the Jul 2021 data are not available.
5 At end of period.
6 All local banks are full banks.


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