South Africa Foreign Exchange Reserves

Last Release

Nov 30, 2024

Actual

65,859

Units In

USD Million

63,028

Frequency

Monthly

Next Release

Jan 08, 2025

Time to Release

1 Months 0 Days 11 Hours

Highest	Lowest	Average	Date Range	Source
65,859 Nov 2024	5,316 Sep 1998	35,946.88 USD Million	1998-2024	South African Reserve Bank

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.

Latest Updates

Gross foreign exchange reserves in South Africa rose to $65.859 billion in November 2024, up from $63.028 billion in the previous month. This marked the largest amount since records began in 1998, boosted by an increase in foreign currency reserves ($48.896 billion vs $45.515 billion in October). Meanwhile, decreases were observed in gold reserves ($10.737 billion vs. $11.203 billion) and SDR holdings ($6.226 billion vs. $6.310 billion). Additionally, the forward position, representing the central bank's unsettled or swap transactions, edged down to $0.534 billion in November from $0.538 billion in the previous month.