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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Foreign Exchange Reserves fell to 76.58B in May 2026
FMPMonthlyReleased June 2026
South Africa Foreign Exchange Reserves fell to 76.58B in May 2026, released June 2026, down 0.51B from April's 77.09B reading. The reading matched the 76.8B consensus. Foreign Exchange Reserves has now declined for 4 consecutive months. Over the past 3 months, Foreign Exchange Reserves averaged 77.43B, vs 79.05B in the prior 3-month window. The reading is in the 80th percentile of the trailing 24-month range.
Latest Release
76.58
Actual
76.8
Consensus
77.09
Previous
Median Absolute Error
±1.27 billion
across last 12 releases
Last Call
Jun 2026
Predicted: 76.8
Actual: 76.58
Error: +0.22
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.74 | CRYPTO | Bullish BTC | → View |
| EUR/USD | ▲ Direct | +0.32 | FOREX | Bullish EUR | → View |
| XAU/USD | ▲ Direct | +0.31 | COMMODITIES | Bullish XAU | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Foreign Exchange Reserves (South Africa) was reported at 76.58 billion in June 2026. This missed the market consensus of 76.80 billion by 0.22 billion. The reading fell from the previous value of 77.09 billion. Trailing 12-month context per ETL data through June 2026. Over the past 12 months, the indicator has averaged 73.73 billion, ranging from 68.42 billion to 81.06 billion across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 79.28 billion, up from the prior three at 72.57 billion. Volatility over the past year (σ 4.56 billion) is higher than the prior year (σ 2.05 billion). In June readings over the past 3 years, Foreign Exchange Reserves has averaged 68.93 billion.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 1.27 billion.
WHAT TO WATCH NEXT
The next release is scheduled for July 7, 2026. Same-country events in the next 14 days include Inflation Rate MoM (Jun 17) and Inflation Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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Foreign Exchange Reserves - ZA
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About Foreign Exchange Reserves — South Africa
DEFINITION
Foreign Exchange Reserves refer to the amount of foreign currency held by a country's central bank. These reserves are used to maintain stability in the country's currency and to fulfill international payment obligations. They serve as a measure of a country's economic strength and ability to withstand external shocks. Foreign Exchange Reserves are an important financial indicator for investors and policymakers, providing insight into a country's monetary policy and its ability to manage its currency.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 76.58 B, consensus 76.8 B. Prior reading (Apr 2026): 77.09 B. Before that (Mar 2026): 77.76 B.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with BTC/USD (Bullish BTC, r=0.74) — a useful reference for crypto-focused traders.