Talk:Foreign exchange reserves

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[edit] Allocated vs. Non-Allocated Reserves

This is the categorisation employed by the IMF in its calculations of overall Foreign reserve positions. It would be helpful if we could offer a definition of what that meant here. Eusebeus 11:22, 1 December 2006 (UTC)

[edit] Increase/Decrease of Reserves

How do these government currency reserves increase/decrease?--Jerryseinfeld 22:48, 12 Feb 2005 (UTC)

Their reserve/official/national banks increase or decrease their official holdings.

If somebody in country X had an amount of country X's currency, how does this end up in the bank of country Y?

1. He would buy Currency Y with his Currency X (banks often do this for you), and deposit in a bank account in country Y

2. He would deposit it in a foreign currency deposit account that is denominated in currency Y.

Also why would a country want to have currency reserves?

To control the fluctuation of their currency. (if a country wishs to peg its currency against another currency, it would need to buy up its own currency in the forex market if there is a surplus of it, and sell its own currency if there is a shortfall.)

[edit] Data suspicious

User:Elk Salmon,

Where is the data for July coming from ? In the normal course of events, July data will only be available in August. Except for China and Singapore. When it would only be available in September. Could you provide a link for verification ?

218.208.243.148 04:40, 9 July 2006 (UTC)

as of 1 July. Data is available on the sites of official central banks. Elk Salmon 07:29, 10 July 2006 (UTC)

Not that I don't appreciate your work, but can you link the data with where you found the number for these countries? I can't read Chinese and Russian at the central banks' page.

First of all please sign. 2nd - both pages are available in English. Russia as of 7th yuly - [1], ROC as of 30 june-2 july - [2]. Elk Salmon 16:38, 17 July 2006 (UTC)

It says at the "end of June" released sometime on July. July 1 = end of June. So whatever number is for the month of June. Russia you says released its data weekly not monthly, so you take care of that. I want to know how ROK release its FX data: is it monthly too? Countries such as PRC release its data quarterly (every 3 months). Heilme 01:22, 18 July 2006 (UTC)

Here [3] (in PDF file) I found data from Bank of Korea for ROK's info. Like ROC, ROK also released its data monthly - "end of June". So, the FX data should read June not July 1. Heilme 01:30, 18 July 2006 (UTC)

Data for Japan here. Also "end of June". Monthyl report. Heilme 02:09, 18 July 2006 (UTC)

30 june = 30 june to 2 july. Elk Salmon 07:42, 18 July 2006 (UTC)

what is 30 June = 30 June to 2 July? makes no common sense. 134.84.164.193 22:32, 21 July 2006 (UTC)

makes all sense. take a look at calendar. Elk Salmon 23:44, 21 July 2006 (UTC)

What's with the calendar? 30 June is Friday and so? The data reports for the end of the month of June, and so the number is for June. That's the standard way to report. For example, if you want to report the GDP of Brazil at the end of 2005, you would say Brazil's GDP in 2005 is $xxx, not Brazil's GDP in 1 January 2006. That's silly. Heilme 08:37, 22 July 2006 (UTC)

I repeat, data (except for russia) is for the end of every month. It's not conventional to report it on the first day of the following month (i.e. "1 July" for "the end of June"). Heilme 08:47, 22 July 2006 (UTC)