Foreign exchange reserves in South Africa decreased to $63.028 billion in October from a record high of $63.633 billion in September, data by the South African Reserve Bank showed.Special Drawing Righ
South Africa’s Forex reserves shrink in October
Foreign exchange reserves in South Africa decreased to $63.028 billion in October from a record high of $63.633 billion in September, data by the South African Reserve Bank showed.
Special Drawing Rights dropped to $6.310 billion in October from $6.427 billion in September, while foreign currency reserves shrank to $45.515 billion from $46.551 billion previously.
Conversely, the nation’s gold reserves increased to $11.203 billion in October from $10.655 billion in September.
And, the forward position went up to $0.538 billion in October from $0.534 billion in September.
The USD/ZAR currency pair settled 1.58% higher at 17.5412 on Friday. For the week, the exotic currency pair went down 0.49%.
Best Exchanges
Open a Demo Account and Hone Your Trading Skills
A World-Class Trading Experience
Manchester United's Official Online Financial Trading Platform Partner
Low Spreads. Safe Trades.Trade confidently with FBS: superior conditions and exceptional security standards.
Get VIP treatment with ZERO spreads (for 90%+ of the trading day) + low commission (max 3.5 USD per lot per side) MT4/MT5
One of the best brokers for low spreads, trading conditions and execution
Brokers News
