Foreign exchange reserves in South Africa rose to a record-high of $62.21 billion in July 2023, from $61.55 billion in the previous month and surpassing market expectations of $61.63 billion. Increases were observed in net foreign reserves ($55.63 billion vs $54.94 billion in June), gold reserves ($7.90 billion vs $7.68 billion) and SDRs ($6.35 billion vs $6.28 billion). Meanwhile, the forward position, representing the central bank's unsettled or swap transactions, fell slightly to $0.52 billion from $0.53 billion. source: South African Reserve Bank

Foreign Exchange Reserves in South Africa averaged 34571.21 USD Million from 1998 until 2023, reaching an all time high of 62212.00 USD Million in July of 2023 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 August of 2023.

Foreign Exchange Reserves in South Africa is expected to be 63000.00 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 61000.00 USD Million in 2024 and 62000.00 USD Million in 2025, according to our econometric models.

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South Africa Foreign Exchange Reserves



Calendar GMT Reference Actual Previous Consensus TEForecast
2023-07-07 06:00 AM Jun $61.55B $61.296B $61.72B $61.0B
2023-08-07 06:00 AM Jul $62.212B $61.55B $61.63B $62.0B
2023-09-07 06:00 AM Aug $62.212B


Related Last Previous Unit Reference
Interest Rate 8.25 8.25 percent Aug 2023
Interbank Rate 8.36 8.36 percent Aug 2023
Money Supply M1 2577961.00 2501733.00 ZAR Million Jul 2023
Money Supply M0 395326.00 387274.00 ZAR Million Jul 2023
Money Supply M2 4032351.00 4005043.00 ZAR Million Jul 2023
Money Supply M3 4967592.00 4998990.00 ZAR Million Jul 2023
Banks Balance Sheet 7516695.00 7542097.00 ZAR Million Jul 2023
Foreign Exchange Reserves 62212.00 61550.00 USD Million Jul 2023
Loans to Private Sector 4546532.00 4549564.00 ZAR Million Jul 2023
Central Bank Balance Sheet 1158558.00 1223945.00 ZAR Million Jul 2023
Lending Rate 11.75 11.75 percent Jul 2023

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
62212.00 61550.00 62212.00 5316.00 1998 - 2023 USD Million Monthly
Current Prices, NSA

News Stream
South Africa Forex Reserves Largest on Record
Foreign exchange reserves in South Africa rose to a record-high of $62.21 billion in July 2023, from $61.55 billion in the previous month and surpassing market expectations of $61.63 billion. Increases were observed in net foreign reserves ($55.63 billion vs $54.94 billion in June), gold reserves ($7.90 billion vs $7.68 billion) and SDRs ($6.35 billion vs $6.28 billion). Meanwhile, the forward position, representing the central bank's unsettled or swap transactions, fell slightly to $0.52 billion from $0.53 billion.
2023-08-07
South Africa Forex Reserves Rise in June
Foreign exchange reserves in South Africa increased slightly to $61.55 billion in June 2023 from $61.30 billion in the prior month, and less than market forecasts of $61.72 billion. Net foreign reserves fell to $54.94 billion from $55.05 billion; gold reserves dropped to $7.68 billion from $7.91 billion; while Special Drawing Rights (SDR) edged higher to $6.28 billion from $6.27 billion. Meantime, the forward position, representing the central bank's unsettled or swap transactions, was unchanged at $0.53 billion.
2023-07-07
South Africa Forex Reserves Below Estimates
Foreign exchange reserves in South Africa declined to $61.296 billion in May 2023 from $61.720 billion in the previous month, and below market expectations of $ 62.01 billion. Net foreign reserves decreased slightly to $55.05 billion from $55.37 billion; gold reserves fell to $7.91 billion from $8 billion; and Special Drawing Rights (SDR) slumped to $6.27 billion from $6.36 billion. Meanwhile, the forward position, representing the central bank's unsettled or swap transactions, went down to $0.53 billion from $0.54 billion in April.
2023-06-07