Foreign exchange reserves in South Africa was at USD 52.77 billion in May 2020, little-changed from AUD 53.0 billion in the previous month. The latest reading reflected the foreign exchange payments made on behalf of the government, an increase in the USD gold price, and valuation adjustments due to asset price and foreign currency movements.

Foreign Exchange Reserves in South Africa averaged 31314.83 USD Million from 1998 until 2020, reaching an all time high of 55058 USD Million in December of 2019 and a record low of 5316 USD Million in September of 1998. This page provides the latest reported value for - South Africa Foreign Exchange Reserves - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Foreign Exchange Reserves - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: South African Reserve Bank

Foreign Exchange Reserves in South Africa is expected to be 53000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Foreign Exchange Reserves in South Africa to stand at 53300.00 in 12 months time. In the long-term, the South Africa Foreign Exchange Reserves is projected to trend around 54500.00 USD Million in 2021 and 54000.00 USD Million in 2022, according to our econometric models.

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South Africa Foreign Exchange Reserves

Actual Previous Highest Lowest Dates Unit Frequency
52769.00 53003.00 55058.00 5316.00 1998 - 2020 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-06 06:00 AM Feb $54.71B $54.613B $54.97B $55B
2020-04-07 06:00 AM Mar $52.428B $54.71B $54.796B $ 55B
2020-05-08 06:00 AM Apr $53B $52.428B $50B
2020-06-05 06:00 AM May $52.77B $53B $54B
2020-07-07 06:00 AM Jun $52.77B $53B
2020-08-07 06:00 AM Jul
2020-09-07 06:00 AM Aug
2020-10-07 06:00 AM Sep $54B


News Stream
South Africa Forex Reserves Little-Changed in May
Foreign exchange reserves in South Africa was at USD 52.77 billion in May 2020, little-changed from AUD 53.0 billion in the previous month. The latest reading reflected the foreign exchange payments made on behalf of the government, an increase in the USD gold price, and valuation adjustments due to asset price and foreign currency movements.
2020-06-05
South Africa Forex Reserves Rise in April
Foreign exchange reserves in South Africa increased to USD 53 billion in April 2020 from the previous month’s seven-month low of USD 52.43 billion. The latest figure reflected the increase in the US dollar gold price and valuation adjustments due to foreign currency and asset price movements. These factors were partially offset by the foreign exchange payments made on behalf of government.
2020-05-08
South Africa Forex Reserves Fall to 7-Month Low
Foreign exchange reserves in South Africa dropped to a seven-month low of USD 52.43 billion in March 2020 from USD 54.71 billion in the previous month, and compared with market expectations of USD 54.80 billion. The latest figure reflected the repayment of government's foreign debt obligations, which is reflected in the USD 1.7 billion decline in the foreign currency deposits received. Gross reserves and international liquidity position were further impacted by valuation adjustments due to foreign currency and asset price movements including the decrease in the USD gold price.
2020-04-07
South Africa Forex Reserves Slightly Below Estimates
Foreign exchange reserves in South Africa edged up to USD 54.71 billion in February 2020 from USD 54.61 billion and compared with market expectations of USD 54.97 billion. The latest figure reflected the valuation adjustments due to asset price movements, as well as the increase in the USD gold price. These factors were partially offset by the foreign exchange swaps conducted for liquidity management purposes, valuation adjustments related to the overall appreciation of the USD against the major currencies and the foreign exchange payments made on behalf of government.
2020-03-06

South Africa Foreign Exchange Reserves
In South Africa, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans.