Foreign exchange reserves in South Africa rose to a new record high of USD 55.06 billion in December of 2019 from USD 54.89 billion in November. The latest reading mainly reflected foreign exchange swaps conducted for liquidity management purposes, valuation adjustments related to the overall depreciation of the US dollar against the major currencies and the increase in the USD gold price. These factors were partially offset by the foreign exchange payments made on behalf of government. Foreign Exchange Reserves in South Africa averaged 30478.51 USD Million from 1998 until 2019, reaching an all time high of 55058 USD Million in December of 2019 and a record low of 54.89 USD Million in November of 2019. source: South African Reserve Bank

Foreign Exchange Reserves in South Africa is expected to be 50000.00 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 50300.00 in 12 months time. In the long-term, the South Africa Foreign Exchange Reserves is projected to trend around 50600.00 USD Million in 2020, according to our econometric models.


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South Africa Foreign Exchange Reserves

Actual Previous Highest Lowest Dates Unit Frequency
55058.00 54893.00 55058.00 5316.00 1998 - 2019 USD Million Monthly
Current Prices, NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-10-07 06:00 AM Sep $54.86B $49.95B $50B
2019-11-07 06:00 AM Oct $54.53B $54.86B $54B
2019-12-06 06:00 AM Nov $54.893B $54.529B $54B
2020-01-08 06:00 AM Dec $55.058B $54.893B $55B
2020-02-07 06:00 AM Jan $55.058B $54B


News Stream
2019-12-06
South African Forex Reserves Hit Fresh Record High
Foreign exchange reserves in South Africa rose to a new record high of USD 54.89 billion in November of 2019 from USD 54.53 billion in October. The latest reading mainly reflected foreign exchange swaps conducted for liquidity management purposes which was partially offset by the decline in the USD gold price, valuation adjustments related to the overall appreciation of the USD against the major currencies and foreign exchange payments made on behalf of government.

2019-11-07
South African Forex Reserves Slip from Record High
Foreign exchange reserves in South Africa edged down to USD 54.53 billion in October of 2019 from a record high of USD 54.86 billion in September. The latest reading mainly reflected the utilisation of foreign exchange swaps conducted for liquidity management purposes and foreign exchange payments made on behalf of government. These factors were partially offset by valuation adjustments related to the depreciation of the USD against the major currencies and the increase in the USD gold price.

2019-10-07
South Africa Forex Reserves Hit Record High in September
Foreign exchange reserves in South Africa rose to a record high of USD 54.86 USD billion in September 2019 from USD 49.95 USD million in August. The latest reading mainly reflected the proceeds from foreign debt issuance by National Treasury (NT) and foreign exchange swaps conducted for liquidity management purposes. These factors were partially offset by the decrease in the USD gold price and the foreign exchange payments made on behalf of government.

2019-08-07
South Africa Forex Reserves Drop Slightly in July
South Africa's gross foreign reserves fell slightly to USD 49.36 in July 2019 from USD 49.80 billion in the preceding month. The decrease of USD 444 million mainly reflected the valuationadjustments due to the appreciation of the USD, the foreign payments made on behalf of government and the foreign exchange swaps conducted for liquidity management purposes. These factors were marginally offset by an increase in the USD gold price.

2019-07-05
South African Forex Reserves Rise to 3-Month High
South Africa's gross foreign reserves rose to USD 49.80 in June 2019, the highest since March, from USD 48.33 billion in the preceding month. The increase of USD 1.48 billion mainly reflected the matured foreign exchange swaps conducted for liquidity management purposes, valuation adjustments due to the depreciation of the USD and the increase in the USD gold price. These factors were marginally offset by the foreign payments made on behalf of government.

2019-06-07
South African Forex Reserves Fall to 21-Month Low in May
South Africa's gross foreign reserves dropped to USD 48.33 billion in May 2019 from USD 49.54 billion in the previous month and reaching the smallest figure since August 2017. The decrease of USD 1,209 million mainly reflected the redemption of government’s foreign currency obligation and valuation adjustments due to the appreciation of the USD. These factors were partially offset by the foreign exchange swaps conducted for liquidity management purposes and the increase in the USD gold price.


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.

South Africa Money Last Previous Highest Lowest Unit
Interest Rate 6.25 6.50 23.99 5.00 percent [+]
Money Supply M0 291880.00 279846.00 291880.00 415.00 ZAR Million [+]
Money Supply M1 1832143.00 1824169.00 1832143.00 1482.00 ZAR Million [+]
Interbank Rate 6.56 6.56 16.96 5.06 percent [+]
Money Supply M2 3026017.00 2992285.00 3026017.00 2887.00 ZAR Million [+]
Money Supply M3 3772010.00 3761179.00 3772010.00 4796.00 ZAR Million [+]
Foreign Exchange Reserves 55058.00 54893.00 55058.00 5316.00 USD Million [+]
Banks Balance Sheet 5884906.00 5924124.00 5924124.00 114781.00 ZAR Million [+]
Loans to Private Sector 3864414.00 3874352.00 3874352.00 4051.00 ZAR Million [+]
Deposit Interest Rate 6.88 6.76 21.60 5.08 percent [+]
Lending Rate 10.00 10.00 25.50 5.00 percent [+]
Central Bank Balance Sheet 855671.00 879240.00 911544.00 543.00 ZAR Million [+]