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.

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South Africa Foreign Exchange Reserves

Actual Previous Highest Lowest Dates Unit Frequency
54801.00 55013.00 57876.00 5316.00 1998 - 2021 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-06 06:00 AM Oct $53.66B $54.42B $55.196B $54B
2020-12-07 06:00 AM Nov $53.76B $53.66B $53B
2021-01-08 06:00 AM Dec $55.01B $53.76B $54B
2021-02-05 06:00 AM Jan $54.80B $55.01B
2021-03-05 06:00 AM Feb $54.80B $54B
2021-04-09 06:00 AM Mar
2021-05-07 06:00 AM Apr
2021-06-07 06:00 AM May


News Stream
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 Forex Reserves Hit 4-Month High
Foreign exchange reserves in South Africa rose to USD 55.01 billion in December 2020 from USD 53.76 billion in November. This was the largest figure since August, due to foreign exchange swaps conducted for liquidity management purposes, matured foreign exchange swaps conducted for sterilization purposes, an increase in the USD gold price, and the depreciation of the USD against other currencies. These factors were partially offset by foreign payments made on behalf of the government.
2021-01-08
South Africa Forex Reserves Little-Changed in November
Foreign exchange reserves in South Africa was at USD 53.76 billion in November, little-changed from USD 53.66 billion in the previous month, amid foreign exchange swaps conducted for liquidity management purposes, matured foreign exchange swaps conducted for sterilization purposes, payments made on behalf of government and valuation adjustments, and a notable decline in the USD gold price.
2020-12-07
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 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.