Foreign exchange interventions jump 71% year on year
One in four central banks uses derivatives for FX intervention
The average number of foreign exchange interventions conducted by central banks over the past 12 months increased substantially year on year, data from the Reserve Benchmarks 2026 reveals.
Interventions averaged 36.1 across 57 jurisdictions that submitted information. The figure is indicative of a 71.9% increase over the 21 average interventions reported in the 2025 benchmark, although the sample varies slightly.
Within the average figure, there is very wide variation in the number of
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