South Africa Foreign Exchange Reserves

Last Release

Oct 31, 2024

Actual

63,028

Units In

USD Million

63,633

Frequency

Monthly

Next Release

Dec 06, 2024

Time to Release

27 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
63,633 Sep 2024	5,316 Sep 1998	35,853.98 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 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.