Global Payments Made in Yuan Rose to 1.88% in May

(Bloomberg) -- Society for Worldwide Interbank Financial Telecommunication says in an emailed statement.

  • The renminbi ranks as fifth most widely used currency for global transactions vs sixth a year earlier
  • Market share of the USD rose to 39.4%
  • Euro’s use fell to 34.2%, about the same level as last month
    • Spread between USD and Euro’s market share widened to 5.2%
  • U.K. is ranked second in countries using the CNY (following Hong Kong) with 5.46% of trade transactions conducted
  • NOTE: Due to significant delta between the fixed USD/VEF rate and the effective rate applied, Bloomberg removes the Venezuelan bolivar from this analysis
MayAprilMarchFeb.Jan.MayMayMay
20182018201820182018201720162015
Currency Weight
USD39.40%39.21%39.45%38.00%38.53%40.58%41.68%44.96%
EUR34.19%34.32%34.55%34.29%32.75%33.30%31.31%27.96%
GBP7.45%7.41%7.09%7.34%7.22%7.08%7.87%7.93%
JPY3.54%3.47%3.50%3.29%2.80%3.11%3.16%2.60%
CHF1.34%1.54%1.43%1.64%1.42%1.60%1.41%1.45%
CAD1.64%1.71%1.70%1.57%1.51%1.92%1.91%1.88%
CNY1.88%1.66%1.62%1.56%1.66%1.61%1.90%2.18%
AUD1.42%1.45%1.48%1.48%1.38%1.51%1.68%1.69%
HKD1.38%1.28%1.33%1.31%1.32%1.18%1.16%1.42%
SEK0.90%0.93%0.86%0.85%0.85%0.90%1.01%0.88%
THB1.02%0.98%1.03%1.06%0.95%0.98%1.04%1.04%

©2018 Bloomberg L.P.