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RMB Tracker
July 2014
RMB Tracker – What is it?
Monthly reporting and
statistics on renminbi
(RMB) progress
towards becoming an
international cu...
July RMB Tracker:
3Source: SWIFT Watch
• South Korea’s RMB payments value increased
by 563% between June 2013 and June 201...
South Korea cracks the top
10 in RMB payments
Top 10 offshore RMB centres in the world
Payments value sent and received, e...
Source: SWIFT Watch
RMB as world payments currency in value
Customer initiated and institutional payments. Inbound + Outbo...
RMB payments evolution
Customer initiated and institutional payments. Inbound + Outbound traffic. Based on value.
71%
3%
2...
Want to know more?
SWIFT enables YOU to gain unique insights at any time on the RMB
progresses in becoming an internationa...
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SWIFT RMB Monthly Tracker (July 2014)

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The RMB tracker provides a reporting on key statistics, to understand the progress made in China's Renminbi (RMB) towards becoming an international currency.
It is provided for free on a monthly basis by SWIFT

Published in: Economy & Finance
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Transcript of "SWIFT RMB Monthly Tracker (July 2014)"

  1. 1. RMB Tracker July 2014
  2. 2. RMB Tracker – What is it? Monthly reporting and statistics on renminbi (RMB) progress towards becoming an international currency. 2
  3. 3. July RMB Tracker: 3Source: SWIFT Watch • South Korea’s RMB payments value increased by 563% between June 2013 and June 2014, making South Korea number eight in the world for RMB payments value, excluding China and Hong Kong. • “The announcement by South Korea and China in early July to set up a new RMB clearing centre in Seoul will further benefit the trading activities between the two countries. • In June 2014, 68.9% of all direct payments between South Korea and China/Hong Kong were in RMB, up from 32.8% in June 2013. • RMB reinforced its position as the seventh most active currency for global payments and accounted for 1.55% of payments worldwide.
  4. 4. South Korea cracks the top 10 in RMB payments Top 10 offshore RMB centres in the world Payments value sent and received, excluding China and Hong Kong Weight of RMB Payments value Flows sent and received by South Korea with China and Hong Kong
  5. 5. Source: SWIFT Watch RMB as world payments currency in value Customer initiated and institutional payments. Inbound + Outbound traffic. Based on value.
  6. 6. RMB payments evolution Customer initiated and institutional payments. Inbound + Outbound traffic. Based on value. 71% 3% 26% Jan- 14 72% 3% 25% Mar- 14 3% 25% Feb- 14 72% 3% 25% 73% 3% 24% Dec- 13 74% 4% 22% Nov- 13 74% 4% 22% Oct- 13 75% 4% 21% Sep- 13 76% 4% 20% Aug- 13 77% 4% 19% Jul- 13 78% 4% 19% Jun- 13 78% 4% 18% May- 13 78% 4% 19% Apr- 13 79% 4% 17% Mar- 13 79% 4% 17% Feb- 13 79% 4% 17% Jan- 13 Apr- 14 May- 14 72% 79% 5% 16% Dec- 12 79% 5% 16% Nov- 12 80% 5% 15% Oct- 12 79% 6% 15% Sep- 12 80% 5% 15% Aug- 12 80% 6% 14% Jul- 12 80% 6% 14% Jun- 12 81% 5% 14% May- 12 79% 7% 14% Apr- 12 78% 8% 14% Mar- 12 80% 7% 14% Feb- 12 79% 7% 14% Jan- 12 78% 8% 14% Jun- 14 26% 3% 71% Source: SWIFT Watch
  7. 7. Want to know more? SWIFT enables YOU to gain unique insights at any time on the RMB progresses in becoming an international currency: - Market intelligence - Your financial institution activity - Your activity share and/or peer benchmark 7 Business Intelligence Transaction Banking #SWIFTBI Key resources for more information: - RMB Package - Business Intelligence solutions
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