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RMB Tracker
June 2015
RMB Tracker – What is it?
Monthly reporting and
statistics on renminbi
(RMB) progress
towards becoming an
international currency.
2
June RMB Tracker:
3Source: SWIFT Watch
• Recent SWIFT data shows that the growth in RMB
payments is supported by an increasing number of
banks. In May 2015, 1,081 financial institutions used
the RMB for payments with China and Hong Kong,
representing 35% of all institutions exchanging
payments with the latter across all currencies.
• In May 2015, RMB adoption for payments by financial
institutions in Asia Pacific increased to 37% from 33%
in May 2013. During the same time period, the
Americas experienced even stronger growth, with
financial institutions increasing their use of the RMB
for payments by 10%, leading to 37% adoption.
• Every month we witness new proof of global RMB
adoption. The number of banks that use RMB for
payments with China and Hong Kong is a key
internationalization indicator.
• Overall, the RMB strengthened its position as the fifth
most active currency for global payments in value and
accounted for 2.18% of payments worldwide in May
2015. Although all currencies decreased in value by
3.1%, RMB payments increased in value by 1.99%
compared to April 2015 which leads to its record high
share in global payments.
Over 1,000 banks
across the world use
RMB for payments with
China and Hong Kong
Number of financial institutions using RMB for payments
International flows sent and received directly with China and Hong Kong
Source: SWIFT Watch
Source: SWIFT Watch
RMB as world payments currency in value
Customer initiated and institutional payments. Inbound + Outbound traffic. Based on value.
Source: SWIFT Watch
0.3%
Netherlands
0.3%
Belgium
Japan
Germany
0.4%
Macau 0.5%
France
0.5%
Luxembourg 0.6%
1.1%
Australia 1.1%
Korea, Republic of 2.1%
United States 2.4%
Taiwan 3.2%
China 3.7%
United Kingdom 4.8%
Singapore 8.4%
Hong Kong 69.4%
Top 15 RMB countries by weight – May 2015
Customer initiated and institutional payments. Inbound + Outbound traffic. Based on value.
Clearing centres
Non clearing centres
China
RMB payments evolution
Customer initiated and institutional payments. Inbound + Outbound traffic. Based on value.
Apr-
15
71%
4%
26%
Mar-
15
68%
3%
29%
Feb-
15
72%
3%
Nov-
14
69%
3%
28%
Oct-
14
70%
25%
Jan-
15
71%
3%
26%
Dec-
14
69%
3%
28%
3%
27%
Sep-
14
70%
4%
26%
Aug-
14
70%
4%
26%
Jul-
14
70%
3%
27%
Jun-
14
71%
3%
26%
May-
14
71%
3%
26%
Apr-
14
72%
3%
26%
Mar-
14
72%
3%
25%
Feb-
14
72%
3%
25%
Jan-
14
73%
3%
24%
Dec-
13
74%
4%
23%
Nov-
13
74%
4%
22%
Oct-
13
75%
4%
21%
Sep-
13
75%
4%
20%
Aug-
13
77%
4%
19%
Jul-
13
77%
4%
19%
Jun-
13
78%
4%
18%
May-
13
77%
4%
19%
Apr-
13
78%
4%
18%
Mar-
13
79%
4%
17%
Feb-
13
79%
4%
17%
Jan-
13
79%
5%
17%
May-
15
69%
4%
27%
Source: SWIFT Watch
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
8
Business Intelligence Transaction Banking
#SWIFTBI
Key resources for more information:
- RMB Package
- Business Intelligence solutions

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SWIFT RMB Tracker June 2015

  • 2. RMB Tracker – What is it? Monthly reporting and statistics on renminbi (RMB) progress towards becoming an international currency. 2
  • 3. June RMB Tracker: 3Source: SWIFT Watch • Recent SWIFT data shows that the growth in RMB payments is supported by an increasing number of banks. In May 2015, 1,081 financial institutions used the RMB for payments with China and Hong Kong, representing 35% of all institutions exchanging payments with the latter across all currencies. • In May 2015, RMB adoption for payments by financial institutions in Asia Pacific increased to 37% from 33% in May 2013. During the same time period, the Americas experienced even stronger growth, with financial institutions increasing their use of the RMB for payments by 10%, leading to 37% adoption. • Every month we witness new proof of global RMB adoption. The number of banks that use RMB for payments with China and Hong Kong is a key internationalization indicator. • Overall, the RMB strengthened its position as the fifth most active currency for global payments in value and accounted for 2.18% of payments worldwide in May 2015. Although all currencies decreased in value by 3.1%, RMB payments increased in value by 1.99% compared to April 2015 which leads to its record high share in global payments.
  • 4. Over 1,000 banks across the world use RMB for payments with China and Hong Kong Number of financial institutions using RMB for payments International flows sent and received directly with China and Hong Kong Source: SWIFT Watch
  • 5. Source: SWIFT Watch RMB as world payments currency in value Customer initiated and institutional payments. Inbound + Outbound traffic. Based on value.
  • 6. Source: SWIFT Watch 0.3% Netherlands 0.3% Belgium Japan Germany 0.4% Macau 0.5% France 0.5% Luxembourg 0.6% 1.1% Australia 1.1% Korea, Republic of 2.1% United States 2.4% Taiwan 3.2% China 3.7% United Kingdom 4.8% Singapore 8.4% Hong Kong 69.4% Top 15 RMB countries by weight – May 2015 Customer initiated and institutional payments. Inbound + Outbound traffic. Based on value. Clearing centres Non clearing centres China
  • 7. RMB payments evolution Customer initiated and institutional payments. Inbound + Outbound traffic. Based on value. Apr- 15 71% 4% 26% Mar- 15 68% 3% 29% Feb- 15 72% 3% Nov- 14 69% 3% 28% Oct- 14 70% 25% Jan- 15 71% 3% 26% Dec- 14 69% 3% 28% 3% 27% Sep- 14 70% 4% 26% Aug- 14 70% 4% 26% Jul- 14 70% 3% 27% Jun- 14 71% 3% 26% May- 14 71% 3% 26% Apr- 14 72% 3% 26% Mar- 14 72% 3% 25% Feb- 14 72% 3% 25% Jan- 14 73% 3% 24% Dec- 13 74% 4% 23% Nov- 13 74% 4% 22% Oct- 13 75% 4% 21% Sep- 13 75% 4% 20% Aug- 13 77% 4% 19% Jul- 13 77% 4% 19% Jun- 13 78% 4% 18% May- 13 77% 4% 19% Apr- 13 78% 4% 18% Mar- 13 79% 4% 17% Feb- 13 79% 4% 17% Jan- 13 79% 5% 17% May- 15 69% 4% 27% Source: SWIFT Watch
  • 8. 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 8 Business Intelligence Transaction Banking #SWIFTBI Key resources for more information: - RMB Package - Business Intelligence solutions