Foreign exchange reserves in South Africa increased to USD 59.51 billion in July of 2022 from USD 58.92 billion in the previous month. The latest figure was the biggest since April, mainly due to liquidity management swaps and matured sterilisation foreign exchange swaps. The increase in gross reserves also benefitted from valuation adjustments due to asset price movements, although this was partially offset by the decline in the US dollar gold price as well as foreign exchange payments made on behalf of government. source: South African Reserve Bank
Foreign Exchange Reserves in South Africa averaged 33505.27 USD Million from 1998 until 2022, reaching an all time high of 60280 USD Million in April of 2022 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 August of 2022.
Foreign Exchange Reserves in South Africa is expected to be 59800.00 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 59100.00 USD Million in 2023 and 59000.00 USD Million in 2024, according to our econometric models.