Balboa or US Dollar’s Use in Global Transactions Tops 50%, Swift Says. No Worries about BRICS or Euros

Bloomberg February 20 of 2025: The dollar’s prowess in global trade climbed in January, accounting for just over half of all the international foreign-exchange traffic sent via the financial messaging service Swift.  The portion of worldwide payments involving the greenback rose to 50.2% in January, up from 49.1% a month earlier, Swift, or the Society for Worldwide Interbank Financial Telecommunication, said in a release. That’s the highest figure since the Belgium-headquartered consortium revised how it collects the transaction data in mid-2023. 

US Dollar Share of International Transactions Tops 50% as shown above. Latest Swift data shows greenback accounts for half of all traffic as per the Society for Worldwide Interbank Financial Telecommunication. As the world’s primary reserve currency, the dollar continues to account for an overwhelming amount of traffic on Swift. Over the last roughly year-and-a-half, it has averaged around 48% of the world’s total. The next largest currency, the euro, constitutes some 23% on average, followed by the British pound with 7.1%.