Foreign exchange reserves in South Africa increased to an all-time high of USD 60.57 billion in December of 2022 from USD 59.88 billion in the previous month. The rise was mainly due to the proceeds received from foreign borrowings amounting to USD 318 million from the French Development Agency, as well as the increase in the US dollar gold price and valuation adjustments linked to the depreciation of the US dollar and asset price movements. These factors were partially offset by foreign exchange payments made on behalf of government. source: South African Reserve Bank
Foreign Exchange Reserves in South Africa averaged 33939.50 USD Million from 1998 until 2022, reaching an all time high of 60570.00 USD Million in December of 2022 and a record low of 5316.00 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 February of 2023.
Foreign Exchange Reserves in South Africa is expected to be 59700.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.