The latest SWIFT RMB Tracker, the study which tracks the Chinese yuan international adoption, was published today, showing that the Chinese currency gained share as a world payments currency in December 2015. In the last month of 2015, the RMB accounted for 2.31% of global payments, with an increased market share compared to 2.28% in…
Read moreThe Chinese yuan has gained share as international payments currency in November 2015, according to the latest SWIFT RMB Tracker. The data shows that the Chinese currency accounted for 2.28% of global payments in November 2015, up from a share of 1.92% in October 2015. The yuan, however, still lagged behind the Japanese yen (2.68%…
Read moreThe latest SWIFT RMB Tracker is out, showing that the Chinese yuan stayed at the fifth position in the ranking of world payment currencies in October 2015. In October 2015, the RMB accounted for 1.92% of global payments. At the same time, RMB payments value decreased by 23.53% compared to September 2015, whilst in general…
Read moreThere is an interesting piece of news confirming the growing interest in Chinese yuan trading. According to a report in the Financial Times, HSBC Holdings plc (LON:HSBA) is about to become a market-maker for trading the renminbi and the Swiss franc in the country's interbank Forex market. HSBC, known as a long-standing advocate of the…
Read moreThe latest SWIFT RMB Monthly Tracker, the report monitoring the Chinese yuan adoption across the globe, was published earlier today, showing that the Chinese currency lost one place in the ranking of international payments currencies. The SWIFT report for September 2015 shows that the Chinese currency fell back to position #5 in the ranking table…
Read more“At this time it is difficult to ascertain the impact the devaluation has had on the RMB usage for payments with China and Hong Kong", said Michael Moon, Head of Payments, Asia Pacific, at SWIFT.
Read moreThe latest RMB Tracker by SWIFT shows Renminbi payments accounted for 31% of direct payments value between South Africa and China/Hong Kong in June 2015.
Read moreAll clients of the broker who have open positions with USD/CNY and USD/TWD are asked to close these before July 17, 2015.
Read moreThe latest RMB Tracker by SWIFT shows RMB payments accounted for 2.18% of global payments in May 2015.
Read moreThe Chinese Yuan retained its position as the fifth most used currency for global payments in April 2015, accounting for 2.07% of world payments.
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