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.

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South Africa Foreign Exchange Reserves



Calendar GMT Actual Previous Consensus TEForecast
2022-12-07 06:00 AM Nov $59.877B $58.7B $59B
2023-01-09 06:00 AM Dec $60.57B $59.877B $ 60.2B
2023-02-07 06:00 AM Jan $60.57B $61.0B


Related Last Previous Unit Reference
Interest Rate 7.25 7.00 percent Jan 2023
Interbank Rate 7.45 7.45 percent Feb 2023
Money Supply M0 363350.00 363585.00 ZAR Million Dec 2022
Money Supply M1 2483664.00 2441374.00 ZAR Million Nov 2022
Money Supply M2 3909715.00 3858603.00 ZAR Million Nov 2022
Money Supply M3 4723172.00 4729611.00 ZAR Million Dec 2022
Foreign Exchange Reserves 60570.00 59877.00 USD Million Dec 2022
Banks Balance Sheet 7280602.00 7316141.00 ZAR Million Nov 2022
Loans to Private Sector 4428950.00 4408963.00 ZAR Million Nov 2022
Lending Rate 10.75 10.50 percent Jan 2023
Central Bank Balance Sheet 1094319.00 1078697.00 ZAR Million Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
60570.00 59877.00 60570.00 5316.00 1998 - 2022 USD Million Monthly
Current Prices, NSA

News Stream
South Africa Forex Reserves Hit Record High
Foreign exchange reserves in South Africa increased to an all-time high of USD 60.57 billion in December 2022 from USD 59.88 billion in the previous month. The rise was mainly attributed to the proceeds from foreign borrowings amounting to USD 318 million from the French Development Agency, as well as the increase in the US dollar gold price, 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 the government.
2023-01-09
South Africa Forex Reserves Largest in 7 Months
Foreign exchange reserves in South Africa increased to USD 59.88 billion in November of 2022 from USD 58.7 billion in the previous month. It was the largest amount of foreign exchange reserves since April, mainly due to the increase in the US dollar gold price, valuation adjustments due to the depreciation of the US dollar and asset price movements, which were partially offset by foreign exchange payments made on behalf of government.
2022-12-07
South Africa Forex Reserves Fell Slightly in October
Foreign exchange reserves in South Africa edged down to USD 58.7 billion in October of 2022 from USD 58.89 billion in the prior month. The decreases in the gross reserves and international liquidity position were largely due to the decline in the US dollar gold price and foreign exchange payments made on behalf of government. These factors were partially offset by valuation adjustments due to the depreciation of the US dollar and asset price movements.
2022-11-07