Foreign exchange reserves in South Africa increased to USD 59.76 billion in August of 2022 from USD 59.51 billion in the previous month. The latest figure was the biggest since April, mainly due to liquidity management swaps and matured sterilisation foreign exchange swaps. The increase in gross reserves also benefitted from valuation adjustments due to asset price movements, although this was partially offset by the decline in the US dollar gold price as well as foreign exchange payments made on behalf of government. source: South African Reserve Bank

Foreign Exchange Reserves in South Africa averaged 33593.96 USD Million from 1998 until 2022, reaching an all time high of 60280 USD Million in April of 2022 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 October of 2022.

Foreign Exchange Reserves in South Africa is expected to be 59600.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Foreign Exchange Reserves is projected to trend around 59500.00 USD Million in 2023 and 59000.00 USD Million in 2024, according to our econometric models.

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South Africa Foreign Exchange Reserves



Calendar GMT Actual Previous Consensus TEForecast
2022-08-05 06:00 AM Jul $59.51B $58.923B $59B
2022-09-07 06:00 AM Aug $59.756B $59.51B $59B
2022-10-07 06:00 AM Sep $59.756B $60B


Related Last Previous Unit Reference
Interest Rate 6.25 5.50 percent Sep 2022
Interbank Rate 6.48 6.48 percent Oct 2022
Money Supply M1 2428128.00 2399514.00 ZAR Million Aug 2022
Money Supply M0 349666.00 309638.00 ZAR Million Aug 2022
Money Supply M2 3789888.00 3726652.00 ZAR Million Aug 2022
Money Supply M3 4586933.00 4549408.00 ZAR Million Aug 2022
Banks Balance Sheet 7107726.00 7059561.00 ZAR Million Aug 2022
Foreign Exchange Reserves 59756.00 59510.00 USD Million Aug 2022
Loans to Private Sector 4360925.00 4297918.00 ZAR Million Aug 2022
Lending Rate 9.75 9.00 percent Sep 2022
Central Bank Balance Sheet 1082577.00 1056519.00 ZAR Million Aug 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
59756.00 59510.00 60280.00 5316.00 1998 - 2022 USD Million Monthly
Current Prices, NSA

News Stream
South Africa Forex Reserves Rise to 4-Month High
Foreign exchange reserves in South Africa increased to USD 59.76 billion in August of 2022 from USD 59.51 billion in the previous month. The latest figure was the biggest since April, mainly due to liquidity management swaps and matured sterilisation foreign exchange swaps. The increase in gross reserves also benefitted from valuation adjustments due to asset price movements, although this was partially offset by the decline in the US dollar gold price as well as foreign exchange payments made on behalf of government.
2022-09-07
South Africa Forex Reserves Largest in 3 Months
Foreign exchange reserves in South Africa increased to USD 59.51 billion in July of 2022 from USD 58.92 billion in the previous month. The latest figure was the biggest since April, mainly due to liquidity management swaps and matured sterilisation foreign exchange swaps. The increase in gross reserves also benefitted from valuation adjustments due to asset price movements, although this was partially offset by the decline in the US dollar gold price as well as foreign exchange payments made on behalf of government.
2022-08-05
South African Forex Reserves Smallest in 3 Months
Foreign exchange reserves in South Africa edged down to USD 58.92 billion in June of 2022 from USD 59.26 billion in the previous month. The latest figure was the smallest since March, mainly due to the fall in the US dollar gold price, valuation adjustments due to asset price and foreign currency movement and foreign exchange payments made on behalf of government. Meantime, the forward position, which represents the central bank's unsettled or swap transactions, fell to $2.38 billion from $2.84 billion.
2022-07-07