Gross foreign exchange reserves in South Africa dropped to $63.028 billion in October 2024, down from September’s record high of $63.633 billion. Decreases were observed in SDR holdings ($6.310 billion vs $6.427 billion in September) and foreign currency reserves ($45.515 billion vs $46.551 billion). On the other hand, gold reserves rose ($11.203 vs $10.655 billion). Additionally, the forward position, which represents the central bank’s unsettled or swap transactions, edged up to $0.538 billion in October from $0.534 billion in the previous month. source: South African Reserve Bank

Foreign Exchange Reserves in South Africa decreased to 63028 USD Million in October from 63633 USD Million in September of 2024. Foreign Exchange Reserves in South Africa averaged 35853.97 USD Million from 1998 until 2024, reaching an all time high of 63633.00 USD Million in September of 2024 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 November of 2024.

Foreign Exchange Reserves in South Africa decreased to 63028 USD Million in October from 63633 USD Million in September of 2024. Foreign Exchange Reserves in South Africa is expected to be 64000.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-10-07 06:00 AM
Foreign Exchange Reserves
Sep $63.63B $63.21B $63.5B
2024-11-07 06:00 AM
Foreign Exchange Reserves
Oct $63.03B $63.63B $64.0B
2024-12-06 06:00 AM
Foreign Exchange Reserves
Nov $63.03B


Related Last Previous Unit Reference
Banks Balance Sheet 8150240.00 7984245.00 ZAR Million Sep 2024
Central Bank Balance Sheet 1152794.00 1167707.00 ZAR Million Sep 2024
Foreign Exchange Reserves 63028.00 63633.00 USD Million Oct 2024
Interbank Rate 7.88 7.93 percent Nov 2024
Interest Rate 7.75 8.00 percent Nov 2024
Lending Rate 11.50 11.50 percent Nov 2024
Loans to Private Sector 4828204.00 4769991.00 ZAR Million Sep 2024
Money Supply M0 511034.00 478334.00 ZAR Million Sep 2024
Money Supply M1 2812300.00 2651978.00 ZAR Million Sep 2024
Money Supply M2 4391966.00 4343350.00 ZAR Million Sep 2024
M3 Money Supply YoY 5368531.00 5297891.00 ZAR Million Sep 2024

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
63028.00 63633.00 63633.00 5316.00 1998 - 2024 USD Million Monthly
Current Prices, NSA


News Stream
South Africa Forex Reserves Fall in October
Gross foreign exchange reserves in South Africa dropped to $63.028 billion in October 2024, down from September’s record high of $63.633 billion. Decreases were observed in SDR holdings ($6.310 billion vs $6.427 billion in September) and foreign currency reserves ($45.515 billion vs $46.551 billion). On the other hand, gold reserves rose ($11.203 vs $10.655 billion). Additionally, the forward position, which represents the central bank’s unsettled or swap transactions, edged up to $0.538 billion in October from $0.534 billion in the previous month.
2024-11-07
South Africa Forex Reserves Reach Fresh Record High
Gross foreign exchange reserves in South Africa rose to $63.633 billion in September 2024 from $63.205 billion in the previous month. This marked the largest foreign exchange reserves since records began in 1998, buoyed by increases in both gold reserves ($10.655 billion vs $10.157 billion in August) and SDRs ($6.427 billion vs $6.376 billion). Meanwhile, foreign currency reserves decreased ($46.551 billion vs $46.672 billion). Additionally, the forward position, which represents the central bank’s unsettled or swap transactions, increased to $0.534 billion in September from $0.527 billion in the prior month.
2024-10-07
South Africa Forex Reserves Hit Record High
Gross foreign exchange reserves in South Africa rose to $63.205 billion in August 2024, up from $62.269 billion in the previous month. This was the largest foreign exchange reserves since records began in 1998, boosted by increases in gold reserves ($10.157 billion vs $9.756 billion in July), SDRs ($6.376 billion vs $6.290 billion), and foreign currency reserves ($46.672 billion vs $46.223 billion). Additionally, the forward position, which represents the central bank’s unsettled or swap transactions, edged up to $0.527 billion in August from $0.521 billion in the prior month.
2024-09-06