South Africa ZA: Money Market Rate data was reported at 6.870 % pa in 2017. This records an increase from the previous number of 6.857 % pa for 2016. South Africa ZA: Money Market Rate data is updated yearly, averaging 9.892 % pa from Dec 1976 (Median) to 2017, with 42 observations. The data reached an all-time high of 20.308 % pa in 1984 and a record low of 4.400 % pa in 1980. South Africa ZA: Money Market Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s South Africa – Table ZA.IMF.IFS: Money Market and Policy Rates: Annual.

The benchmark interest rate in South Africa was last recorded at 7 percent. This dataset provides - South Africa Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about South Africa Short Term Interest Rate

• South Africa Short Term Interest Rate: Month End: Treasury Bills Rate: 91 Days was reported at 7.41 % pa in Feb 2025, compared with 7.70 % pa in the previous month.
• South Africa Short Term Interest Rate data is updated monthly, available from Dec 1980 to Feb 2025.
• The data reached an all-time high of 22.15 % pa in Feb 1985 and a record low of 3.45 % pa in Aug 2020.
• Short Term Interest Rate is reported by reported by South African Reserve Bank.

• In the latest reports, South Africa Government Bond Yield: Month End: 10 Years and Over was reported at 10.52 % pa in Feb 2025.
• The cash rate (Policy Rate: Month End: Repo Rate) was set at 7.50 % pa in Feb 2025.
• South Africa Exchange Rate against USD averaged 18.74 (USD/ZAR) in Jun 2023.

Deposit Interest Rate in South Africa decreased to 7.85 percent in February from 7.88 percent in January of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in South Africa.

This dataset provides values for INTEREST RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Graph and download economic data for Financial Market: Real Effective Exchange Rates: CPI Based for South Africa (CCRETT01ZAA661N) from 1997 to 2024 about South Africa, exchange rate, currency, CPI, manufacturing, real, price index, rate, indexes, and price.

South Africa ZA: Central Bank Policy Rate: End of Period data was reported at 6.750 % pa in 2017. This records a decrease from the previous number of 7.000 % pa for 2016. South Africa ZA: Central Bank Policy Rate: End of Period data is updated yearly, averaging 7.250 % pa from Dec 1998 (Median) to 2017, with 20 observations. The data reached an all-time high of 19.320 % pa in 1998 and a record low of 5.000 % pa in 2013. South Africa ZA: Central Bank Policy Rate: End of Period data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s South Africa – Table ZA.IMF.IFS: Money Market and Policy Rates: Annual.

A monthly and quarterly data set spanning July 1995 to December 2016 of the following macro-economic variables 1. South African stock market 2. South African GDP3. United States GDP 4. South African interest rate 5. US interest rate 6. South African inflation rate 7. US inflation rate 8. South African Money Supply 9. Rand/Dollar Exchange 10. FTSE

Graph and download economic data for Financial Market: Real Effective Exchange Rates: CPI Based for South Africa (CCRETT01ZAQ661N) from Q1 1997 to Q2 2025 about South Africa, exchange rate, currency, CPI, manufacturing, real, rate, price index, indexes, and price.

The average market risk premium in South Africa increased to *** percent in 2024. Market premium risk represents the difference between return on equities and a risk-free investment, which is normally associated with short-term government bonds. For comparison, the U.S. market premium risk amounted to *** percent in the same year. Risk-free rate Most analysts consider the U.S. treasury rate to be the risk-free rate for the term of their investment, assuming the United States government will not default. Just as consumers in the Unites States get a credit rating, agencies such as Standard & Poor’s rate countries’ credit risks. Using these data, analysts compute the country-specific default risk, which in turn has an influence on the value of risk-free rate. What influences the return on equities? The economic factors such as political stability in a country, inflation rate, level of indebtment, trade deficit and investments have an influence on the activities of companies and their valuation on the stock exchanges. Apart from the economic cycle, the company’s operations itself, which are reflected in the results published in the financial reports, can boost or diminish the stock returns.

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Foreign Exchange Market Size 2025-2029

The foreign exchange market size is valued to increase by USD 582 billion, at a CAGR of 10.6% from 2024 to 2029. Growing urbanization and digitalization will drive the foreign exchange market.

Major Market Trends & Insights

Europe dominated the market and accounted for a 47% growth during the forecast period.
By Type - Reporting dealers segment was valued at USD 278.60 billion in 2023
By Trade Finance Instruments - Currency swaps segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 118.14 billion
Market Future Opportunities: USD 582.00 billion
CAGR from 2024 to 2029 : 10.6%

Market Summary

The market, a dynamic and intricate web of financial transactions, plays a pivotal role in facilitating global trade and economic interactions. Its primary function is to enable the conversion of one currency into another, thereby mitigating the risk of currency fluctuations for businesses and investors. Key drivers of this market include growing urbanization and digitalization, which have expanded trading opportunities to a 24x7 global economy. However, the uncertainty of future exchange rates poses a significant challenge, necessitating effective risk management strategies. The market's evolution reflects the increasing interconnectedness of the global economy. Transactions occur in a decentralized, over-the-counter system, with major trading centers in London, New York, and Tokyo.
Participants include commercial banks, investment banks, hedge funds, and individual investors, all seeking to capitalize on price differences between currencies. Trends shaping the market include the increasing use of automation and artificial intelligence to analyze market data and execute trades. Regulatory changes, such as the introduction of stricter capital requirements, also impact the market's functioning. Looking ahead, the market is expected to remain a vital component of the global financial landscape, with continued growth driven by increased trade and economic interdependence. However, challenges, such as regulatory changes and geopolitical risks, will necessitate adaptability and innovation from market participants.

What will be the Size of the Foreign Exchange Market during the forecast period?

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How is the Foreign Exchange Market Segmented ?

The foreign exchange industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Reporting dealers
  Financial institutions
  Non-financial customers


Trade Finance Instruments

  Currency swaps
  Outright forward and FX swaps
  FX options


Trading Platforms

  Electronic Trading
  Over-the-Counter (OTC)
  Mobile Trading


Geography

  North America

    US
    Canada


  Europe

    Germany
    Switzerland
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Type Insights

The reporting dealers segment is estimated to witness significant growth during the forecast period.

The market, a dynamic and ever-evolving financial landscape, is characterized by constant activity and intricate patterns. Participants engage in various trading strategies, employing advanced tools such as stop-loss and take-profit orders on forex trading platforms. Real-time data feeds and order book dynamics facilitate trade execution speed, while market microstructure and slippage minimization techniques ensure efficient transactions. Currency correlation analysis and transaction cost analysis are integral to informed decision-making, with backtesting methodologies providing valuable insights. Currency forwards contracts, position sizing techniques, and forex derivatives pricing are essential components of risk management systems. Carry trade strategies, hedging strategies, and interest rate parity are popular tactics employed by market participants.

Algorithmic trading strategies, driven by options pricing models and trading algorithms' efficiency, significantly influence price discovery mechanisms. High-frequency trading and volatility modeling contribute to the market's liquidity risk management, while foreign exchange swaps and currency option valuation help manage risk. The market's complexities necessitate sophisticated risk management systems and intricate order routing optimization. Global payments systems facilitate the smooth transfer of funds, and liquidity risk management remains a critical concern for market participants. According to recent studies, The market is estimated to account for approximately USD6 trillion in daily trading volume, und

South Africa ranked as the most developed financial market in Africa in 2022. The country scored ** out of 100 points in the Absa Africa Financial Markets Index. Mauritius followed in the second position, with ** points. The index assessed ** countries following six pillars: market depth, access to foreign exchange, market transparency, tax and regulatory environment, capacity of local investors, macroeconomic opportunity, enforceability of financial contracts, and collateral positions and insolvency frameworks.

Key information about South Africa Money Supply M2

• South Africa Money Supply M2 was reported at 240.307 USD bn in Jan 2025
• This records an increase from the previous number of 236.939 USD bn for Dec 2024
• South Africa Money Supply M2 data is updated monthly, averaging 57.685 USD bn from Mar 1965 to Jan 2025, with 719 observations
• The data reached an all-time high of 254.433 USD bn in Sep 2024 and a record low of 4.026 USD bn in Mar 1965
• South Africa Money Supply M2 data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Money Supply M2: USD: Monthly

Amounts outstanding of debt securities issued in international markets by residents of South Africa of financial corporations (nationality of All countries excluding residents of all issuers), all currencies, Total all currencies, original maturity of total (all maturities), remaining maturity of total (all maturities), all interest rates

Key information about South Africa Money Supply M1

• South Africa Money Supply M1 was reported at 144.748 USD bn in Jan 2025
• This records an increase from the previous number of 143.339 USD bn for Dec 2024
• South Africa Money Supply M1 data is updated monthly, averaging 25.997 USD bn from Mar 1965 to Jan 2025, with 719 observations
• The data reached an all-time high of 164.427 USD bn in Mar 2022 and a record low of 2.066 USD bn in Mar 1965. South Africa Money Supply M1 data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Money Supply M1: USD: Monthly

View weekly updates and historical trends for CME South African Rand Futures Leveraged Money Spread. Source: US Commodity Futures Trading Commission. Trac…

View market daily updates and historical trends for South African Rand to Euro Exchange Rate. from European Union. Source: European Central Bank. Track ec…

View market daily updates and historical trends for US Dollar to South African Rand Exchange Rate. Source: European Central Bank. Track economic data with…

Key information about South Africa Foreign Exchange Reserves: % of GDP

• South Africa Foreign Exchange Reserves: % of GDP was reported at 11.762 % in Sep 2024
• This records a decrease from the previous number of 11.974 % for Jun 2024
• South Africa Foreign Exchange Reserves: % of GDP data is updated quarterly, averaging 9.881 % from Mar 2001 to Sep 2024, with 95 observations
• The data reached an all-time high of 13.002 % in Dec 2020 and a record low of 3.099 % in Dec 2003
• South Africa Foreign Exchange Reserves: % of GDP data remains active status in CEIC and is reported by CEIC Data
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Foreign Exchange Reserves: % of Nominal GDP: Quarterly