Foreign exchange reserves in South Africa unexpectedly dropped to USD 54.61 billion in January 2020 from a record high of USD 55.06 billion and missing market expectations of USD 55.13 billion. This was the lowest level since October last year, reflecting foreign exchange swaps conducted for liquidity management purposes, valuation adjustments due to foreign currency and asset price movements and foreign exchange payments made on behalf of government. These factors were partially offset by the increase in the USD gold price.

Foreign Exchange Reserves in South Africa averaged 30984.08 USD Million from 1998 until 2020, reaching an all time high of 55058 USD Million in December of 2019 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. source: South African Reserve Bank

Foreign Exchange Reserves in South Africa is expected to be 50000.00 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 50300.00 in 12 months time. In the long-term, the South Africa Foreign Exchange Reserves is projected to trend around 50600.00 USD Million in 2021, according to our econometric models.


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South Africa Foreign Exchange Reserves

Actual Previous Highest Lowest Dates Unit Frequency
54613.00 55058.00 55058.00 5316.00 1998 - 2020 USD Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2019-11-07 06:00 AM Oct $54.53B $54.86B $54B
2019-12-06 06:00 AM Nov $54.893B $54.529B $54B
2020-01-08 06:00 AM Dec $55.058B $54.893B $55B
2020-02-07 06:00 AM Jan $54.613B $55.058B $55.127B $54B
2020-03-06 06:00 AM Feb $54.613B $54B
2020-04-07 06:00 AM Mar $ 50B
2020-05-08 06:00 AM Apr
2020-06-05 06:00 AM May


News Stream
South Africa Forex Reserves Fall to 3-Month Low
Foreign exchange reserves in South Africa unexpectedly dropped to USD 54.61 billion in January 2020 from a record high of USD 55.06 billion and missing market expectations of USD 55.13 billion. This was the lowest level since October last year, reflecting foreign exchange swaps conducted for liquidity management purposes, valuation adjustments due to foreign currency and asset price movements and foreign exchange payments made on behalf of government. These factors were partially offset by the increase in the USD gold price.
2020-02-07
South African Forex Reserves Hit Fresh Record
Foreign exchange reserves in South Africa rose to a new record high of USD 55.06 billion in December of 2019 from USD 54.89 billion in November. The latest reading mainly reflected foreign exchange swaps conducted for liquidity management purposes, valuation adjustments related to the overall depreciation of the US dollar against the major currencies and the increase in the USD gold price. These factors were partially offset by the foreign exchange payments made on behalf of government.
2020-01-08
South African Forex Reserves Hit Fresh Record High
Foreign exchange reserves in South Africa rose to a new record high of USD 54.89 billion in November of 2019 from USD 54.53 billion in October. The latest reading mainly reflected foreign exchange swaps conducted for liquidity management purposes which was partially offset by the decline in the USD gold price, valuation adjustments related to the overall appreciation of the USD against the major currencies and foreign exchange payments made on behalf of government.
2019-12-06
South African Forex Reserves Slip from Record High
Foreign exchange reserves in South Africa edged down to USD 54.53 billion in October of 2019 from a record high of USD 54.86 billion in September. The latest reading mainly reflected the utilisation of foreign exchange swaps conducted for liquidity management purposes and foreign exchange payments made on behalf of government. These factors were partially offset by valuation adjustments related to the depreciation of the USD against the major currencies and the increase in the USD gold price.
2019-11-07

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.