The subject area contains information on exchange rates and effective exchange rates. 

Daniel und Alexander zeigen, wie moderne KI-Methoden bei der Bundesbank helfen, wachsende Datenmengen intelligenter auszuwerten und statistische Prozesse weiterzuentwickeln. Ihre Story gibt Einblicke in ein Arbeitsfeld, in dem technologische Innovation direkt zur Stabilität des Finanzsystems beiträgt.

Bundesbank’s external position stood at €919 billion at the end May 2026, with claims from the TARGET2 payment system worth €1066 billion making up around 66 % of total assets. These are followed by international reserves, comprising gold and foreign exchange reserves, including the special drawing rights allocated by the International Monetary Fund (IMF), which account for a total of 26 % of assets. At 86 %, issuance of euro cash accounted for the bulk of liabilities. Deposits of non-euro area residents amount to 6 % of foreign liabilities.

Federal bonds (Bunds), five-year Federal notes (Bobls) and Federal Treasury notes (Schätze) are listed on all German stock exchanges.

The money market is where short-term loans and securities are traded. Based on this general definition, the money market is the counterpart of the capital market, where long-term financial contracts are concluded. In international and national statistics, it is customary to allocate maturities of up to (and including) one year to the money market sector.

On this page you will find frequently asked questions and notices on reports in external sector.