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. source: South African Reserve Bank

Foreign Exchange Reserves in South Africa averaged 32220.59 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 May of 2021.

Foreign Exchange Reserves in South Africa is expected to be 54200.00 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 53700.00 USD Million in 2022 and 54200.00 USD Million in 2023, according to our econometric models.

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South Africa Foreign Exchange Reserves

Actual Previous Highest Lowest Dates Unit Frequency
53689.00 52995.00 57876.00 5316.00 1998 - 2021 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-05 06:00 AM Jan $54.80B $55.01B
2021-03-05 06:00 AM Feb $53.788B $54.801B $54B
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 $53.69B
2021-07-07 06:00 AM Jun
2021-08-06 06:00 AM Jul
2021-09-07 06:00 AM Aug


News Stream
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 Forex Reserves Fall to 3-Month Low
Foreign exchange reserves in South Africa dropped to a three-month low of USD 53.79 billion in February of 2021 from USD 54.80 billion in January. The decrease in the gross reserves and the international liquidity position was mainly due to the decline in the US dollar gold price and the net effect of foreign exchange swap transactions. The South African Reserve Bank’s matured foreign exchange swaps conducted for sterilisation purposes, however, these were more than offset by the foreign exchange swaps conducted for liquidity management purposes during January which matured in February. The reserves were further impacted by foreign exchange payments made on behalf of government and valuation adjustments related to foreign currency movements.
2021-03-05
South Africa Forex Reserves Slightly Fall in January
Foreign exchange reserves in South Africa dropped to USD 54.80 billion in January of 2021 from USD 55.01 billion in December 2020. The decrease in the gross reserves and the international liquidity position was mainly due to foreign exchange swaps conducted for liquidity management purposes, foreign exchange payments made on behalf of government and the decline in the US dollar gold price. These factors were partially offset by foreign payments made on behalf of the government. These factors were partially offset by the overall depreciation of the US dollar against other currencies and asset price movements.
2021-02-05

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.