Foreign exchange reserves in South Africa rose to a new record high of USD 55.06 billion in December of 2019 from USD 54.89 billion in November. The latest reading mainly reflected foreign exchange swaps conducted for liquidity management purposes, valuation adjustments related to the overall depreciation of the US dollar against the major currencies and the increase in the USD gold price. These factors were partially offset by the foreign exchange payments made on behalf of government.
Foreign Exchange Reserves in South Africa averaged 30478.51 USD Million from 1998 until 2019, reaching an all time high of 55058 USD Million in December of 2019 and a record low of 54.89 USD Million in November of 2019. 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. source: South African Reserve Bank
Foreign Exchange Reserves in South Africa is expected to be 50000.00 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 50300.00 in 12 months time. In the long-term, the South Africa Foreign Exchange Reserves is projected to trend around 50600.00 USD Million in 2020, according to our econometric models.