1) At constant 1994 Q1 exchange rates.
2) Given the convention to account for both sides of each trade in foreign exchange markets, percentages add up to 200%, meaning that the euro’s actual share, in total turnover is half the percentage reported in this key data sheet.
3) Data refer to 27 countries and territories for which data are available for both 2004 and 2005, excluding Denmark, Sweden, Switzerland and the United Kingdom (which are shown in Table 20).
This review Previous review (latest data available)
The euro in international debt markets Share of the euro in:
– globally defined stock of debt securities1) 2005 Q1: 27.3% 2004 Q1: 25.6%
– broadly defined stock of international debt securities1) 2005 Q1: 46.6% 2004 Q1: 43.2%
– narrowly defined stock of international debt securities1) 2005 Q2: 31.5% 2004 Q2: 30.7%
– narrowly defined issues of international bonds and notes 2005 Q2: 34.9% 2004 Q2: 36.1%
(gross issues at current exchange rates)
– narrowly defined issues of international money market 2005 Q2: 37.1% 2004 Q2: 35.5%
instruments (gross issues at current exchange rates)
– bond portfolio sample surveyed by The Economist mid-2005: 30% mid-2004: 27%
– portfolios of funds under management in the United States and mid-2005: 0.7% mid-2004: 0.6%
Canada included in eMaxx database
– portfolios of funds under management in non-euro area
Europe included in eMaxx database mid-2005: 26.2% mid-2004: 32.1%
The euro in international loan and deposit markets Share of the euro in:
– cross-border loans from euro area banks to non-bank borrowers 2005 Q1: 37.4% 2004 Q1: 37.9%
outside the euro area1)
– cross-border loans from non-euro area banks to non-bank borrowers 2005 Q1: 54.1% 2004 Q1: 54.1%
in the euro area1)
– cross-border loans from non-euro area banks to non-bank borrowers 2005 Q1: 6.2% 2004 Q1: 4.9%
outside the euro area1)
– cross-border deposits of non-euro area non-banks in banks 2005 Q1: 50.6% 2004 Q1: 51.1%
in the euro area1)
– cross-border deposits of euro area non-banks in banks 2005 Q1: 51.5% 2004 Q1: 54.2%
outside the euro area1)
– cross-border deposits of non-euro area non-banks in banks outside 2005 Q1: 8.4% 2004 Q1: 7.7%
their country of residence excluding the euro area1)
The euro in foreign exchange markets Share of the euro in:
– total foreign exchange turnover2) April 2004: 37.2% April 2001: 37.6%
– daily settlement with CLS2) 30 June 2005: 43% 30 June 2004: 44%
The euro in trade in goods and services Share of the euro in:
– settlement/invoicing of exports of goods to non-euro area 2004: 44% to 63% 2003: 47% to 63%
residents of a number of euro area countries
– settlement/invoicing of imports of goods from non-euro area 2004: 41% to 61% 2003: 40% to 60%
residents of a number of euro area countries
– settlement/invoicing of exports of services to non-euro area 2004: 14% to 71% 2003: 16% to 70%
residents of a number of euro area countries
– settlement/invoicing of imports of services from non-euro area 2004: 22% to 72% 2003: 20% to 69%
residents of a number of euro area countries The euro in third countries
– number of countries or territories whose exchange rate regimes were mid-2005: 50 mid-2004: 50
linked to the euro
– share of the euro in global foreign exchange reserves end-2004: 24.9% end-2003: 25.3%
(as per new IMF methodology)
– cumulative net shipments of euro banknotes to destinations outside June 2005: €55 billion June 2004: €46 billion the euro area
– total stock of euro-denominated bank deposits in June 2005: €68.0 billion June 2004: €57.9 billion
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