Currency swaps are liquidity arrangements between central banks designed to provide foreign currency to domestic financial institutions during periods of market stress. These swap lines allow a central bank to obtain foreign currency from another central bank in exchange for its own currency, which it then lends to local banks. The data reflects the total outstanding amount of these transactions, serving as a critical indicator of global dollar liquidity and financial stability. High usage typically signals distress in international funding markets, while low usage indicates healthy liquidity conditions.
The indicator is calculated by aggregating the total notional value of all active swap agreements between the reporting central bank and its international counterparts. It accounts for new swap initiations minus matured contracts, valued at the prevailing exchange rates at the time of the transaction.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 28, 2026 | 24.80 | — | — |
| Aug 21, 2026 | 24.70 | — | — |
| Aug 14, 2026 | 24.80 | — | — |
| Aug 7, 2026 | 24.70 | — | — |
| Jul 31, 2026 | 24.60 | — | — |
| Jul 24, 2026 | 24.60 | — | — |
| Jul 17, 2026 | 24.10 | — | — |
| Jul 10, 2026 | 23.50 | — | — |
| Jun 26, 2026 | 22.80 | — | — |
| Jun 19, 2026 | 22.40 | — | — |
| Jun 12, 2026 | 22.60 | — | — |
| Jun 5, 2026 | 22.80 | — | — |
| May 29, 2026 | 22.30 | — | — |
| May 22, 2026 | 22.10 | — | — |
| May 15, 2026 | 21.80 | — | — |
| May 8, 2026 | 22.30 | — | — |
| Apr 30, 2026 | 22.60 | — | — |
| Apr 24, 2026 | 22.60 | — | — |
| Apr 17, 2026 | 22.80 | — | — |
| Apr 10, 2026 | 23.10 | — | — |
| Mar 27, 2026 | 22.10 | — | — |
| Mar 20, 2026 | 22.30 | — | — |
| Mar 13, 2026 | 22.70 | — | — |
| Mar 6, 2026 | 22.30 | — | — |
| Feb 27, 2026 | 22.30 | — | — |
| Feb 20, 2026 | 22.10 | — | — |
| Feb 13, 2026 | 22.20 | — | — |
| Feb 6, 2026 | 22.50 | — | — |
| Jan 30, 2026 | 22.80 | — | — |
| Jan 23, 2026 | 23.10 | — | — |
| Jan 16, 2026 | 23.70 | — | — |
| Jan 9, 2026 | 23.70 | — | — |
| Dec 30, 2025 | 24.00 | — | — |
| Dec 26, 2025 | 24.00 | — | — |
| Dec 19, 2025 | 23.60 | — | — |
| Dec 12, 2025 | 23.80 | — | — |
| Dec 5, 2025 | 24.00 | — | — |
| Nov 28, 2025 | 23.90 | — | — |
| Nov 21, 2025 | 23.90 | — | — |
| Nov 14, 2025 | 23.60 | — | — |
| Nov 7, 2025 | 23.40 | — | — |
| Oct 31, 2025 | 23.30 | — | — |
| Oct 24, 2025 | 23.20 | — | — |
| Oct 17, 2025 | 23.10 | — | — |
| Oct 10, 2025 | 23.50 | — | — |
| Oct 3, 2025 | 23.10 | — | — |
| Sep 26, 2025 | 23.30 | — | — |
| Sep 19, 2025 | 23.10 | — | — |
| Sep 12, 2025 | 23.10 | — | — |
| Sep 5, 2025 | 23.00 | — | — |
