Foreign exchange reserves in South Africa rose to USD 57.52 billion in October of 2021 from USD 57.06 billion in September. The increases in foreign exchanges reserves was mainly due to the increase in the US dollar gold price, the depreciation of US Dollar against other currencies and the matured swaps conducted for sterilisation management purposes. These factors were marginally offset by the foreign exchange payments made on behalf of government. source: South African Reserve Bank

Foreign Exchange Reserves in South Africa averaged 32719.66 USD Million from 1998 until 2021, reaching an all time high of 58408 USD Million in August of 2021 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 December of 2021.

Foreign Exchange Reserves in South Africa is expected to be 57700.00 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 57300.00 USD Million in 2022 and 58000.00 USD Million in 2023, according to our econometric models.

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South Africa Foreign Exchange Reserves


Calendar GMT Actual Previous Consensus TEForecast
2021-10-07 06:00 AM Sep $57.058B $58.408B $58B
2021-11-08 06:00 AM Oct $57.52B $57.058B $58B
2021-12-07 06:00 AM Nov $57.52B $58B


Related Last Previous Unit Reference
Interest Rate 3.75 3.50 percent Nov/21
Interbank Rate 3.87 3.87 percent Dec/21
Money Supply M1 2258845.00 2290660.00 ZAR Million Oct/21
Money Supply M0 294990.00 303745.00 ZAR Million Oct/21
Money Supply M2 3550623.00 3560444.00 ZAR Million Oct/21
Money Supply M3 4268636.00 4272304.00 ZAR Million Oct/21
Banks Balance Sheet 6596344.00 6610487.00 ZAR Million Oct/21
Foreign Exchange Reserves 57520.00 57058.00 USD Million Oct/21
Loans to Private Sector 4042410.00 4020801.00 ZAR Million Oct/21
Central Bank Balance Sheet 978997.00 987675.00 ZAR Million Oct/21
Lending Rate 10.00 10.00 percent Nov/19

News Stream
South Africa Forex Reserves Rise in October
Foreign exchange reserves in South Africa rose to USD 57.52 billion in October of 2021 from USD 57.06 billion in September. The increases in foreign exchanges reserves was mainly due to the increase in the US dollar gold price, the depreciation of US Dollar against other currencies and the matured swaps conducted for sterilisation management purposes. These factors were marginally offset by the foreign exchange payments made on behalf of government.
2021-11-08
South Africa Forex Reserves Fall in September
Foreign exchange reserves in South Africa declined to USD 57.05 billion in September of 2021 from August's a record of USD 58.41 billion. The decreases in the US dollar gold price, the appreciation of US dollar against other currencies and foreign exchange payments made on behalf of government.
2021-10-07
South Africa Forex Reserves Rise to All-time High
Foreign exchange reserves in South Africa increased to an all-time high of USD 58.41 billion in August of 2021 from USD 54.46 billion in the previous month. The increases in the gross reserves and the international liquidity position were mainly due to the issuance of the SDR allocation by the IMF to South Africa of SDR 2,9 billion (USD 4,2 billion) and matured foreign exchange swaps conducted for sterilisation purposes.
2021-09-07

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.