Foreign exchange reserves in South Africa edged up to USD 54.47 billion in June of 2021 from USD 54.14 billion in the previous month. This was the largest foreign exchange reserves since January, mainly due to the proceeds received from foreign borrowings on behalf of government from the New Development Bank, as reflected in the foreign currency deposits received. In addition, the forward position declined, as the South Africa matured foreign exchange swaps conducted for sterilisation purposes, and conducted foreign exchange swaps for purposes of liquidity management. These factors were substantially offset by the decline in the US dollar gold price, the appreciation of the US dollar against other currencies and foreign exchange payments made on behalf of government. source: South African Reserve Bank

Foreign Exchange Reserves in South Africa averaged 32298.57 USD Million from 1998 until 2021, reaching an all time high of 57876 USD Million in July of 2020 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 August of 2021.

Foreign Exchange Reserves in South Africa is expected to be 54050.00 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 54100.00 in 12 months time. In the long-term, the South Africa Foreign Exchange Reserves is projected to trend around 54600.00 USD Million in 2022 and 55000.00 USD Million in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
South Africa Foreign Exchange Reserves

Actual Previous Highest Lowest Dates Unit Frequency
54473.00 54139.00 57876.00 5316.00 1998 - 2021 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-09 06:00 AM Mar $52.995B $53.788B $53B
2021-05-07 06:00 AM Apr $53.69B $53B $53B
2021-06-07 06:00 AM May $54.139B $53.689B $54B
2021-07-07 06:00 AM Jun $54.47B $54.139B $54B
2021-08-06 06:00 AM Jul $54.47B
2021-09-07 06:00 AM Aug
2021-10-07 06:00 AM Sep
2021-11-05 06:00 AM Oct


News Stream
South Africa Forex Reserves Largest in 5 Months
Foreign exchange reserves in South Africa edged up to USD 54.47 billion in June of 2021 from USD 54.14 billion in the previous month. This was the largest foreign exchange reserves since January, mainly due to the proceeds received from foreign borrowings on behalf of government from the New Development Bank, as reflected in the foreign currency deposits received. In addition, the forward position declined, as the South Africa matured foreign exchange swaps conducted for sterilisation purposes, and conducted foreign exchange swaps for purposes of liquidity management. These factors were substantially offset by the decline in the US dollar gold price, the appreciation of the US dollar against other currencies and foreign exchange payments made on behalf of government.
2021-07-07
South Africa Forex Reserves Largest in 4 Months
Foreign exchange reserves in South Africa rose to USD 54.14 billion in May of 2021 from USD 53.69 billion in the previous month. This was the largest foreign exchange reserves since January, mainly due to the increase in the US dollar gold price, valuation adjustments due to asset price and currency movements and matured foreign exchange swaps conducted for sterilisation and liquidity management purposes. The increase in the forward book largely reflects liquidity injection swaps conducted during April which matured during May, offset by maturing swaps conducted for sterilisation purposes. These factors were partially offset by foreign exchange payments made on behalf of government.
2021-06-07
South Africa Forex Reserves Rise in April
Foreign exchange reserves in South Africa rose to USD 53.69 billion in April of 2021 from USD 53 billion in March. The increase in the gross reserves and the international liquidity position was mainly due to an increase in the US dollar gold price, the depreciation of the US dollar against other currencies and foreign exchange swaps conducted for liquidity management purposes. These factors were partially offset by foreign exchange payments made on behalf of government.
2021-05-07
South Africa Forex Reserves Drop to 9-Month Low
Foreign exchange reserves in South Africa fell to a nine-month low of USD 53.00 billion in March of 2021 from USD 53.79 billion in February. The decrease in the gross reserves and the international liquidity position was largely due to the decline in the US dollar gold price, the appreciation of the US dollar against other currencies and foreign exchange payments made on behalf of government. These factors were partially offset by the matured foreign exchange swaps conducted for sterilisation purposes.
2021-04-09

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.