The US dollar’s dominance in global cross-border transactions continues to strengthen, appearing in 89.2% of all currency trades settled in 2025, up from 88.4% in 2022. Daily trading volume reached a record $9.6 trillion in April 2025. Despite de-dollarization efforts by developing nations, the greenback remains far ahead of the euro (28.9%), yen (16.8%), pound (10.2%), and yuan (8.5%). The Chinese yuan’s share rose from 7.0% to 8.5% but remains in single digits, mostly settled in Hong Kong and the UK.
The US dollar’s share of global currency trade rose to 89.2% in 2025, according to the Bank for International Settlements Triennial Central Bank Survey. This marks an increase from 88.4% in 2022, before de-dollarization initiatives gained traction.
Daily trading volume in the US dollar reached a record $9.6 trillion in April 2025. The euro accounted for 28.9% of trades, while the Japanese yen and British pound followed at 16.8% and 10.2%, respectively.
The Chinese yuan captured a record 8.5% share, up from 7.0% in 2022. Despite aggressive promotion by the Xi Jinping administration, the yuan remains in single digits and far behind leading currencies.
A significant portion of yuan settlements occur outside mainland China, with 30% in Hong Kong and 22% in the United Kingdom. The US dollar, by contrast, is settled globally without a single base system.
