Publication date:
Jul 17, 2025
IMF Data Brief: Currency Composition of Official Foreign Exchange Reserves
The COFER data for Q1 2025 released on July 9, 2025 have been revised to address reporting errors involving the Australian dollar and the Swiss franc. The revisions have only marginal impact on total reserves.
World Official Foreign Currency Reserves Increased in the First Quarter of 2025
IMF Currency Composition of Official Foreign Exchange Reserves, World Aggregates, First Quarter of 2025
(Contributors: Glen Kwende, Erin Nephew and Abdulrahman Gweder)
The latest IMF’s Currency Composition of Official Foreign Exchange Reserves (COFER) survey results show that total foreign exchange reserves increased to $12.54 trillion in 2025Q1 from $12.36 trillion in 2024Q4, mostly reflecting the appreciation of reserve currencies against the US dollar.
The share of US dollar holdings in the allocated reserves decreased marginally to 57.74 percent from 57.79 percent in 2024Q4, due to the appreciation of reserve currencies against the US dollar. It would have increased by 0.68 percentage points (p.p.) if the exchange rates had not moved.
The share of euro holdings in the allocated reserves increased to 20.06 percent from 19.84 percent in 2024Q4.
The share of Chinese renminbi holdings in the allocated reserves decreased to 2.12 percent from 2.18 in the previous quarter.
The share of the other currencies in the allocated reserves (i.e., those excluding the US dollar, euro, and renminbi) decreased to 20.10 percent in 2025Q1 from 20.20 percent in 2024Q4, even though most of them appreciated 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 October 1, 2025.
OTHER RELEASES
International Trade in GoodsWorld and Country Aggregates, April 2025
International Trade in Goods for April 2025 was released on July 9, 2025. The dataset includes seasonally adjusted exports of goods aggregated for regions and the world. |
Real Effective Exchange RatesCountry Data, May 2025
Real Effective Exchange Rates for May 2025 were released on July 9, 2025. The IMF tracks the monthly real effective exchange rates across 92 countries with data since 1948. |
EMPOWERING THE WORLD WITH DATA
IMF Data is known for its high standard of quality and methodological consistency. With over 50 datasets updated regularly, you always have access to the latest global economic trends and forecasts as well as trusted data for cross country research and analysis.
Check our release calendar for upcoming releases:
