Reserve Currency
Before the switch to the euro, the mark was a major international reserve currency, second only to the United States dollar.
| 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | Latest Data '12 Quarter II |
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| US dollar | 59.0% | 62.1% | 65.2% | 69.3% | 71.0% | 70.5% | 70.7% | 66.5% | 65.8% | 66.0% | 66.4% | 65.7% | 64.1% | 64.1% | 62.1% | 61.8% | 62.2% | 61.9% |
| Euro | 17.9% | 18.8% | 19.8% | 24.2% | 25.3% | 24.9% | 24.3% | 25.2% | 26.3% | 26.4% | 27.6% | 26.0% | 25.0% | 25.1% | ||||
| German mark | 15.8% | 14.7% | 14.5% | 13.8% | ||||||||||||||
| French franc | 2.4% | 1.8% | 1.4% | 1.6% | ||||||||||||||
| Pound sterling | 2.1% | 2.7% | 2.6% | 2.7% | 2.9% | 2.8% | 2.7% | 2.9% | 2.6% | 3.2% | 3.6% | 4.2% | 4.7% | 4.0% | 4.3% | 3.9% | 3.8% | 3.8% |
| Japanese yen | 6.8% | 6.7% | 5.8% | 6.2% | 6.4% | 6.3% | 5.2% | 4.5% | 4.1% | 3.8% | 3.7% | 3.2% | 2.9% | 3.1% | 2.9% | 3.7% | 3.5% | 3.8% |
| Swiss franc | 0.3% | 0.2% | 0.4% | 0.3% | 0.2% | 0.3% | 0.3% | 0.4% | 0.2% | 0.2% | 0.1% | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Other | 13.6% | 11.7% | 10.2% | 6.1% | 1.6% | 1.4% | 1.2% | 1.4% | 1.9% | 1.9% | 1.9% | 1.5% | 1.8% | 2.2% | 3.1% | 4.4% | 5.4% | 5.3% |
| Sources: | ||||||||||||||||||
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Famous quotes containing the words reserve and/or currency:
“Mutual repect implies discretion and reserve even in love itself; it means preserving as much liberty as possible to those whose life we share. We must distrust our instinct of intervention, for the desire to make one’s own will prevail is often disguised under the mask of solicitude.”
—Henri-Frédéric Amiel (1821–1881)
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)