South Africa Foreign Exchange Reserves

Last Release

Dec 31, 2024

Actual

65,459

Units In

USD Million

65,859

Frequency

Monthly

Next Release

Feb 07, 2025

Time to Release

28 Days 6 Hours

Highest	Lowest	Average	Date Range	Source
65,859 Nov 2024	5,316 Sep 1998	36,037.97 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 declined slightly to $65.459 billion in December 2024, down from $65.859 billion in the previous month, which had been the largest amount since data began in 1998. The decline came amid a drop in the US dollar gold price and the appreciation of the US dollar. Decreases were observed in foreign currency reserves ($48.727 billion vs. $48.896 billion in November), gold reserves ($10.546 billion vs. $10.737 billion), and SDR holdings ($6.186 billion vs. $6.226 billion). Additionally, the forward position, representing the central bank's unsettled or swap transactions, edged down to $0.532 billion in December from $0.538 billion in the previous month.