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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Foreign Exchange Reserves fell to 74.11B in June 2026
FMPMonthlyReleased July 2026
South Africa Foreign Exchange Reserves fell to 74.11B in June 2026, released July 2026, down 2.47B from May's 76.58B reading. The reading matched the 76.4B consensus. Foreign Exchange Reserves has now declined for 5 consecutive months. Over the past 3 months, Foreign Exchange Reserves averaged 77.14B, vs 79.05B in the prior 3-month window. The reading is in the 72nd percentile of the trailing 24-month range.
Latest Release
74.11
Actual
76.4
Consensus
76.58
Previous
Median Absolute Error
±1.39 billion
across last 12 releases
Last Call
Jul 2026
Predicted: 76.29
Actual: 74.11
Error: +2.18
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.65 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.65 | CRYPTO | Moves with | → 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 74.11 billion in July 2026. This missed the market consensus of 76.40 billion by 2.29 billion. The reading fell from the previous value of 76.58 billion. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 74.36 billion, ranging from 69.16 billion to 81.06 billion across 9 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 77.25 billion, up from the prior three at 76.05 billion. Volatility over the past year (σ 4.15 billion) is higher than the prior year (σ 2.03 billion). In July readings over the past 3 years, Foreign Exchange Reserves has averaged 68.21 billion.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC). Over the last 12 releases, the Sigmacast model's median absolute error is 1.39 billion.
WHAT TO WATCH NEXT
The next release is scheduled for August 7, 2026. Same-country events in the next 14 days include Unemployment Rate (Aug 11).
Auto-generated from current model state · Refreshes on each release · Last update July 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 (Jun 2026): actual 74.11 B, consensus 76.4 B. Prior reading (May 2026): 76.58 B. Before that (Apr 2026): 77.09 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 S&P 500 (Bullish S&P 500, r=0.65) — a useful reference for index-focused traders.
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Economic Calendar - ZA Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 09:30 | ZA | Producer Price Index MoM | -0.1 | 2.6 | 1.8 | 0.85 | Low |
| 09:30 | ZA | Producer Price Index YoY | 7.5 | 7.8 | 8.2 | 7.85 | Low |
| 12:00 | ZA | Budget Balance | 80.13 | -14.62 | 57 | 68.56 | Low |