SWIFT RMB Monthly Tracker (May 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: Business, Economy & Finance
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SWIFT RMB Monthly Tracker (May 2014)

  1. 1. RMB Tracker May 2014
  2. 2. RMB Tracker – What is it? Monthly reporting and statistics on renminbi (RMB) progress towards becoming an international currency. 2
  3. 3. May RMB Tracker: 3Source: SWIFT Watch • United States’ RMB payments value increased by 327% between April 2013 and April 2014, placing the United States at #3 in the world for RMB payments value, excluding China and Hong Kong. • In April, 2.6% of total RMB payments value was carried out via the United States, up from 1.3% one year ago. • RMB payments value in the United States to China/Hong Kong corridor grew 229% between April 2013 and April 2014 and accounted for 2.4% of all payments value as of 30 April 2014. • RMB held its position as the seventh-ranked global payments currency and accounted for 1.43% of global payments.
  4. 4. US RMB Payments value evolution sent and received with the rest of the world Source: SWIFT Watch The United States jumps ahead of Taiwan as offshore RMB clearing centre + 327% compared to April 2013 0.7% 2.4% RMB Payments value weight US flows sent and received with China and Hong Kong Apr-13 Apr-14 +229% compared to April 2013
  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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