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. source: South African Reserve Bank
Foreign Exchange Reserves in South Africa averaged 31907.56 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 March of 2021.
Foreign Exchange Reserves in South Africa is expected to be 54300.00 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 57000.00 in 12 months time. In the long-term, the South Africa Foreign Exchange Reserves is projected to trend around 58000.00 USD Million in 2022, according to our econometric models.