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Global Payments Made in Yuan Rose to 1.88% in May
Global Payments Made in Yuan Rose to 1.88% in May
28 Jun 2018, 10:44 AM IST
(Bloomberg) -- Society for Worldwide Interbank Financial Telecommunication says in an emailed statement.
(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
May | April | March | Feb. | Jan. | May | May | May | ||
---|---|---|---|---|---|---|---|---|---|
2018 | 2018 | 2018 | 2018 | 2018 | 2017 | 2016 | 2015 | ||
Currency Weight | |||||||||
USD | 39.40% | 39.21% | 39.45% | 38.00% | 38.53% | 40.58% | 41.68% | 44.96% | |
EUR | 34.19% | 34.32% | 34.55% | 34.29% | 32.75% | 33.30% | 31.31% | 27.96% | |
GBP | 7.45% | 7.41% | 7.09% | 7.34% | 7.22% | 7.08% | 7.87% | 7.93% | |
JPY | 3.54% | 3.47% | 3.50% | 3.29% | 2.80% | 3.11% | 3.16% | 2.60% | |
CHF | 1.34% | 1.54% | 1.43% | 1.64% | 1.42% | 1.60% | 1.41% | 1.45% | |
CAD | 1.64% | 1.71% | 1.70% | 1.57% | 1.51% | 1.92% | 1.91% | 1.88% | |
CNY | 1.88% | 1.66% | 1.62% | 1.56% | 1.66% | 1.61% | 1.90% | 2.18% | |
AUD | 1.42% | 1.45% | 1.48% | 1.48% | 1.38% | 1.51% | 1.68% | 1.69% | |
HKD | 1.38% | 1.28% | 1.33% | 1.31% | 1.32% | 1.18% | 1.16% | 1.42% | |
SEK | 0.90% | 0.93% | 0.86% | 0.85% | 0.85% | 0.90% | 1.01% | 0.88% | |
THB | 1.02% | 0.98% | 1.03% | 1.06% | 0.95% | 0.98% | 1.04% | 1.04% |
©2018 Bloomberg L.P.
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