Foreign Exchange Reserves are an indicator of the ability to withstand a currency war. We attempt a study of this ability by analysing the data available from Bank for International Settlements which is as of 2013. Figures are in billion of US Dollars.
Table I gives the Position of Changes and of Stocks of Forex Reserves
Table I gives the Position of Changes and of Stocks of Forex Reserves
| Country | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | Outstanding 2013 |
| World | 641 | 819 | 1100 | 941 | 747 | 733 | 11686 |
| US | 4 | 1 | 2 | 0 | -2 | -2 | 48 |
| Euro Area | -1 | -8 | 13 | 1 | 12 | 1 | 221 |
| Japan | 55 | -7 | 39 | 185 | -28 | 9 | 1203 |
| Swiss | 0 | 47 | 126 | 54 | 197 | 21 | 489 |
| Asia | 410 | 715 | 651 | 424 | 239 | 529 | 5880 |
| China | 418 | 453 | 448 | 334 | 130 | 510 | 3821 |
| Taipei | 21 | 56 | 34 | 4 | 18 | 14 | 417 |
| Hong Kong | 30 | 73 | 13 | 17 | 32 | -6 | 311 |
| India | -20 | 12 | 9 | -5 | -1 | 6 | 268 |
| Indonesia | -5 | 11 | 29 | 14 | 2 | -12 | 93 |
| Korea | -61 | 65 | 22 | 11 | 19 | 19 | 336 |
| Malaysia | -10 | 2 | 9 | 27 | 6 | -4 | 130 |
| Philippines | 3 | 4 | 16 | 12 | 6 | 2 | 74 |
| Singapore | 11 | 12 | 38 | 12 | 21 | 14 | 270 |
| Thailand | 23 | 25 | 32 | 0 | 6 | -12 | 159 |
| LatAm | 42 | 25 | 81 | 97 | 51 | -6 | 688 |
| Argentina | 0 | -1 | 4 | -7 | -3 | -12 | 25 |
| Brazil | 13 | 39 | 49 | 63 | 19 | -13 | 349 |
| Chile | 6 | 1 | 2 | 14 | 0 | 0 | 39 |
| Mexico | 8 | 0 | 21 | 23 | 16 | 15 | 169 |
| Venezuela | 9 | -15 | -8 | -3 | 0 | -4 | 2 |
| CEE | 6 | 13 | 14 | 3 | 15 | 20 | 294 |
| Middle East | 150 | -29 | 50 | 88 | 148 | 79 | 893 |
| Russia | -56 | -5 | 27 | 8 | 32 | -17 | 456 |
