South Africa Foreign Exchange Reserves

Last Release

Aug 31, 2024

Actual

63,205

Units In

USD Million

62,269

Frequency

Monthly

Next Release

Oct 07, 2024

Time to Release

27 Days 18 Hours

Highest	Lowest	Average	Date Range	Source
63,205 Aug 2024	5,316 Sep 1998	35,682.24 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 $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.