The Liquidity Board · Source-Dated Cash and Reserve Estimates
Method

FX Translation

This method page explains why reserve comparisons can move simply because currencies move, even when the underlying reserve strategy has not changed much.

Method page
Back to the Liquidity Board Guide Methodology Contact

I. Translation Risk

Reserve comparability
Primary caution FX swings can distort comparisons
Best practice Read reserve change beside currency moves
Customer value Cleaner sovereign reserve reading
Why this page exists

FX Translation

Customers need to understand when the move is a true reserve change and when it is mostly a translation effect.

  • Currency conversion effect
  • Local vs. reference currency
  • Comparability limits
Source families

What this method depends on

  • Official reserve releases
  • IMF reserve reporting

Why this page matters on Agentic Liquid Assets

Method pages explain how the reference board works so customers can distinguish disclosed facts from modeled estimates held between updates.