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.