South Africa: Foreign exchange reserves

* indicates monthly or quarterly data series
The most recent value is 1226.69 billion South African Rand as of December 2024, an increase compared to the previous value of 1189.13 billion South African Rand. Historically, the average for South Africa from January 1994 to December 2024 is 384.53 billion South African Rand. The minimum of 7.08 billion South African Rand was recorded in June 1994, while the maximum of 1226.69 billion South African Rand was reached in December 2024. Click on the following link to see the values of: Foreign exchange reserves around the world.
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* indicates monthly or quarterly data series

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  • Measure: billion South African Rand
  • Source: South African Reserve Bank

Recent values South Africa: Foreign exchange reserves, billion currency units
2024  Dec 1226.69
2024  Nov 1189.13
2024  Oct 1111.08
2024  Sep 1093.26
2024  Aug 1113.98
2024  Jul 1135.4
2024  Jun 1130
2024  May 1160.76


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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities to finance trade imbalances, check the impact of foreign exchange fluctuations and address other issues under the purview of the central bank.

 Related indicators Latest Reference Measure
 Terms of trade 128.32 2021 percent
 Trade openness 65.18 2023 percent
 Financial openness -1.242 2021 index points
 Exports, percent of GDP 33.02 2023 percent
 Exports, billion dollars 124.70 2023 billion U.S. dollars
 Growth of exports 3.53 2023 percent
 Imports, percent of GDP 32.70 2023 percent
 Imports, billion dollars 123.44 2023 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 0.91 2023 percent
 Foreign Direct Investment, billion dollars 3.44 2023 billion U.S. dollars
 Portfolio investment inflows, equities -4,382.76 2023 million dollars (current)
 Current account, percent of GDP -1.60 2023 percent
 Current account, in dollars -6.14 2023 billion U.S. dollars
 Trade balance, percent of GDP 0.32 2023 percent
 Trade balance, in dollars 1.22 2023 billion U.S. dollars
 Reserves 62.49 2023 billion U.S. dollars
 Remittances, percent of GDP 0.22 2023 percent
 Remittances 844.11 2023 million U.S. dollars
 Net errors and omissions 3,127.89 2023 million USD
 External debt 43.38 2022 percent
 Short-term external debt 25.47 2023 percent
 Short-term debt to reserves 67.56 2023 percent
 Foreign exchange reserves 1,226.69 12/2024 billion
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