Publication date:
Apr 02, 2025
IMF Data Brief: Currency Composition of Official Foreign Exchange Reserves
March 19 – April 1, 2025
Global FX Reserves Decreased by 3.0 Percent in 2024Q4
IMF Currency Composition of Official Foreign Exchange Reserves, World Aggregates, Fourth Quarter 2024
(Contributors: Borys Cotto, Erin Nephew, Glen Kwende and Lamya Kejji)
The latest IMF’s Currency Composition of Official Foreign Exchange Reserves (COFER) survey results show that total foreign exchange (FX) reserves decreased to $12.36 trillion in 2024Q4 from $12.75 trillion in 2024Q3, mostly reflecting the depreciation of reserve currencies against the US dollar.
The share of US dollar holdings in the allocated reserves increased to 57.80 percent from 57.30 percent in 2024Q3, due to the depreciation of reserve currencies against the US dollar.
The share of euro holdings in the allocated reserves decreased to 19.83 percent from 20.03 percent in 2024Q3. However, if the exchange rates had not moved, the euro share would have increased by 0.71 percentage point (p.p.).
The share of Chinese renminbi holdings in the allocated reserves was 2.18—unchanged from the previous quarter. It would have increased by 0.02 p.p. if the exchange rates had not moved.
The share of other currencies in the allocated reserves (i.e., those excluding the US dollar, the euro, and the renminbi) decreased to 20.19 percent in 2024Q4 from 20.50 percent in 2024Q3, which was mainly attributed to their depreciation against the US dollar.
Notes: At present, monetary authorities of 149 economies report COFER data to the Fund. Participation in COFER is voluntary and economy-specific data are strictly confidential given their sensitive nature. The names of COFER reporters are also confidential unless consent has been given by the authorities to the Fund to disclose their names (see list of COFER reporters). In a few cases where authorities’ COFER data were missing, their figures were estimated based on their last data submission. The next COFER data release will be on June 30, 2025.
OTHER RELEASES
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Real Effective Exchange RatesCountry Data, February 2025
Real Effective Exchange Rates for February 2025 were released on March 31, 2025. Real Effective Exchange Rates are available for 93 countries. |
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