Foreign exchange reserves in South Africa unexpectedly declined to USD 53.66 billion in October 2020 from AUD 54.42 billion in the previous month, and defying market consensus of USD 55.196 billion. This was the smallest figure since June, mainly due to foreign exchange swaps conducted for sterilisation purposes, matured foreign exchange swaps conducted for liquidity management purposes, foreign exchange payments made on behalf of government and the overall depreciation of the US dollar. source: South African Reserve Bank

Foreign Exchange Reserves in South Africa averaged 31743.49 USD Million from 1998 until 2020, 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 December of 2020.

Foreign Exchange Reserves in South Africa is expected to be 55000.00 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 54600.00 in 12 months time. In the long-term, the South Africa Foreign Exchange Reserves is projected to trend around 54300.00 USD Million in 2021 and 54000.00 USD Million in 2022, 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.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
South Africa Foreign Exchange Reserves

Actual Previous Highest Lowest Dates Unit Frequency
53658.00 54420.00 57876.00 5316.00 1998 - 2020 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-07 06:00 AM Jul $57.88B $52.32B $53.976B $53.5B
2020-09-07 06:00 AM Aug $55.75B $57.88B $59.448B $54B
2020-10-07 06:00 AM Sep $54.42B $55.75B $58.567B $54B
2020-11-06 06:00 AM Oct $53.66B $54.42B $55.196B $54B
2020-12-07 06:00 AM Nov $53.66B
2021-01-08 06:00 AM Dec
2021-02-08 06:00 AM Jan
2021-03-05 06:00 AM Feb
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
South Africa Forex Reserves Fall to 5-Month Low
Foreign exchange reserves in South Africa unexpectedly declined to USD 53.66 billion in October 2020 from AUD 54.42 billion in the previous month, and defying market consensus of USD 55.196 billion. This was the smallest figure since June, mainly due to foreign exchange swaps conducted for sterilisation purposes, matured foreign exchange swaps conducted for liquidity management purposes, foreign exchange payments made on behalf of government and the overall depreciation of the US dollar.
2020-11-06
South Africa Forrex Reserves Unexpectedly Fall
Foreign exchange reserves in South Africa unexpectedly declined to USD 54.42 billion in September 2020 from AUD 55.75 billion in the previous month, and missing market consensus of USD 58.57 billion. This was the smallest figure since June, mainly due to foreign exchange swaps conducted for both sterilization and liquidity management purposes, foreign exchange payments made on behalf of the government, the appreciation of the US dollar against the major currencies.
2020-10-07
South Africa Forex Reserves Below Estimates
Foreign exchange reserves in South Africa declined to USD 55.75 billion in August 2020 from AUD 57.88 billion in the previous month, and below market expectations of USD 59.448 billion. The latest figure reflected proceeds from foreign borrowings received on behalf of government, valuation adjustments due to the depreciation of the US dollar against the major currencies.
2020-09-07
South Africa Forex Reserves Rise to Record High
Foreign exchange reserves in South Africa increased to the largest on record of USD 57.88 billion in July 2020 from AUD 52.32 billion in the previous month, and beating market expectations of USD 53.976 billion. The latest figure reflected proceeds from foreign borrowings received on behalf of government, valuation adjustments due to foreign currency and asset price movements, and an increase in the forward position.
2020-08-07

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.