Rmb slides june2014_final_sdc

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Rmb slides june2014_final_sdc

  1. 1. RMB Tracker June 2014
  2. 2. RMB Tracker – What is it? Monthly reporting and statistics on renminbi (RMB) progress towards becoming an international currency. 2
  3. 3. June RMB Tracker 3Source: SWIFT Watch • RMB is now the second most used currency for cross border payments with China and Hong Kong. In May 2014, 12% of cross border payments with China and Hong Kong were done using the RMB, up 36% from one year ago. • As we see other financial centres such as London, Singapore and Frankfurt put in place the necessary infrastructure and agreements to service RMB transactions, we will see them grow significantly • US Dollar remains in the top position, with Hong Kong Dollar following close behind the RMB for payments to China and Hong Kong. • RMB held its position as seventh most used global payments currency and accounted for 1.47% of global payments.
  4. 4. 12.0% Regional evolution of RMB usage and position in Payments with China and Hong Kong Percentage of international traffic sent and received in value, bars do not reprensent absolute value of payments Europe Euro Zone Europe Non Euro Zone North AmericaMiddle East Africa Central & Latin America Source: SWIFT Watch The Renminbi is the second most used currency for cross border payments with China and Hong Kong Average RMB Payments value weight International flows sent and received with China and Hong Kong May-13 May-14 +36% compared to May 2013#3 #2 Asia Pacific
  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. 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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