Wednesday, September 10, 2025

The US Dollar Isn’t Going Anywhere, SWIFT Data Shows

Data from the global financial messaging service SWIFT shows that the US dollar has reached its highest share in international payments in over a decade. According to transaction data from August, dollar-related trades surged to a record 48%, making it the top currency by transaction count. 

SWIFT, or the Society for Worldwide Interbank Financial Telecommunication, used by major global banks for interbank communication, compiled the data reflecting a technical upgrade this year in trade reporting methods. While the figures do not cover the entire currency market, they underscore the endurance of the greenback in international finance. 

Notably, the dollar’s increased dominance has impacted the euro, which, in contrast, recorded its lowest share of trades over the same period at just 23%.

The data also highlights the rising prominence of the Chinese yuan in global foreign exchange flows. 

Swift reported that in July, over 3% of instructions involved the yuan, marking a significant increase since 2010 when the figure stood at approximately 0.03%. Despite occasional efforts towards diversification, the latest Swift data suggests that the dollar maintains a robust role in international transactions.


Information for this story was found via Bloomberg, Barchart, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

Ray Dalio Says A New World Order Is Coming As China Poised To Become An Economic Superpower

The world might be heading into a new world order as history points out, according...

Tuesday, March 29, 2022, 05:03:00 PM

Ray Dalio: Digital Yuan Will be More Competitive Than Digital Dollar as US Debt Levels Surge

According to Ray Dalio, China’s growing dominance in the global economy will put the yuan...

Tuesday, June 1, 2021, 03:22:00 PM

Taliban Bans All Foreign Currencies as Afghanistan Spirals Into Financial Crisis

US dollars will no longer be permitted in Afghanistan, after the Taliban announced it will...

Friday, November 5, 2021, 03:33:00 PM

Russia Bypasses SWIFT, Launches New Yuan Transfer System

It appears that sanctions are not biting Russia as hard as the West had hoped....

Wednesday, September 7, 2022, 08:10:00 AM

CIBC: Strengthening Canadian Dollar Poses Serious Implications for Canada’s Exporting Sector

As the US dollar continues to weaken amid unprecedented fiscal and monetary measures taken by...

Saturday, January 9, 2021, 11:44:00 AM