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$m Oct-24 278,047.0 6.1 276,064.9 6.5
Money Supply (M2) 3/ 4/ S$m Oct-24 817,733.8 4.6 805,654.1 3.0
Singapore Overnight Rate Average % p.a Oct-24 3.16
-0.53 3.88 0.06
3-month S$ SIBOR % p.a Oct-24 3.30 -0.76 3.40 -0.66
12-week MAS Bill Rate % p.a Oct-24 3.24 -0.84 3.18 -0.87
5-year Govt Bond Interest Rate % p.a Oct-24 2.71 -0.57 2.50 -0.84
Exchange Rate S$ per US$ (as at end-month) S$ per US$ Oct-24 1.3253 -3.0 1.2806 -6.2
Official Foreign Reserves at end of year S$m 2023 463,044.3 19.3 388,256.1 -31.1
Exchange Rate S$ per US$ (as at end of period) S$ per US$ 2023 1.3186 -1.9 1.3446 -0.5
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 2023 6 na 4 na
Foreign 5/ Number 2023 126 na 127 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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