Foreign exchange reserves in South Africa increased to an all-time high of USD 58.41 billion in August of 2021 from USD 54.46 billion in the previous month. The increases in the gross reserves and the international liquidity position were mainly due to the issuance of the SDR allocation by the IMF to South Africa of SDR 2,9 billion (USD 4,2 billion) and matured foreign exchange swaps conducted for sterilisation purposes. source: South African Reserve Bank

Foreign Exchange Reserves in South Africa averaged 32546.63 USD Million from 1998 until 2021, reaching an all time high of 58408 USD Million in August of 2021 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 September of 2021.

Foreign Exchange Reserves in South Africa is expected to be 58000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Foreign Exchange Reserves is projected to trend around 57000.00 USD Million in 2022 and 58000.00 USD Million in 2023, according to our econometric models.

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South Africa Foreign Exchange Reserves

Actual Previous Highest Lowest Dates Unit Frequency
58408.00 54464.00 58408.00 5316.00 1998 - 2021 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-06-07 06:00 AM May $54.139B $53.689B $54B
2021-07-07 06:00 AM Jun $54.47B $54.139B $54B
2021-08-06 06:00 AM Jul $54.464B $54.473B $55B
2021-09-07 06:00 AM Aug $58.408B $54.464B $55B
2021-10-07 06:00 AM Sep $58.408B
2021-11-05 06:00 AM Oct
2021-12-07 06:00 AM Nov
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
South Africa Forex Reserves Rise to All-time High
Foreign exchange reserves in South Africa increased to an all-time high of USD 58.41 billion in August of 2021 from USD 54.46 billion in the previous month. The increases in the gross reserves and the international liquidity position were mainly due to the issuance of the SDR allocation by the IMF to South Africa of SDR 2,9 billion (USD 4,2 billion) and matured foreign exchange swaps conducted for sterilisation purposes.
2021-09-07
South Africa Forex Reserves Slightly Fall in July
Foreign exchange reserves in South Africa edged down to USD 54.46 billion in July of 2021 from USD 54.47 billion in the previous month. The charges in the gross reserves and the international liquidity position were mainly due to the increase in the US dollar gold price, valuation adjustments due to asset price and currency movements, the increase in the forward position and foreign exchange payments made on behalf of government.
2021-08-06
South Africa Forex Reserves Largest in 5 Months
Foreign exchange reserves in South Africa edged up to USD 54.47 billion in June of 2021 from USD 54.14 billion in the previous month. This was the largest foreign exchange reserves since January, mainly due to the proceeds received from foreign borrowings on behalf of government from the New Development Bank, as reflected in the foreign currency deposits received. In addition, the forward position declined, as the South Africa matured foreign exchange swaps conducted for sterilisation purposes, and conducted foreign exchange swaps for purposes of liquidity management. These factors were substantially offset by the decline in the US dollar gold price, the appreciation of the US dollar against other currencies and foreign exchange payments made on behalf of government.
2021-07-07
South Africa Forex Reserves Largest in 4 Months
Foreign exchange reserves in South Africa rose to USD 54.14 billion in May of 2021 from USD 53.69 billion in the previous month. This was the largest foreign exchange reserves since January, mainly due to the increase in the US dollar gold price, valuation adjustments due to asset price and currency movements and matured foreign exchange swaps conducted for sterilisation and liquidity management purposes. The increase in the forward book largely reflects liquidity injection swaps conducted during April which matured during May, offset by maturing swaps conducted for sterilisation purposes. These factors were partially offset by foreign exchange payments made on behalf of government.
2021-06-07

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.