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RMB May 2019: retained 5th position as most active by value

The trade war does not seem to be affecting the use of RMB in international payments. In May 2019, the RMB retained its position as the fifth most active currency for international payments by value, with a share of 1.95%. ​

Source & Copyright©2019 - Swift 

Overall, RMB payments value increased by 5.69% compared to April 2019, whilst in general all payments currencies increased by 1.73%. In terms of international payments excluding payments within the Eurozone, the RMB still ranks eight with a share of 1.25% in May 2019.

Top countries doing FX transaction in RMB

Source & Copyright©2019 - Swift 

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This item appears in the following sections:
Cash & Liquidity Mngm in Asia-Pacific
Buying & Selling FX
FX Settlement

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