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.