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.