Renminbi's share of trade finance slips

Euro overtakes the redback, but all currencies fall in value, according to Swift

pa-23952548
Decreasing value: the renminbi is now the third most active currency used in trade finance

The Chinese renminbi's share of trade finance has almost halved since 2013, with the currency's portion of overall flows dropping to 4.61% from 8.66% in 2013, according to data from Swift.

The fall in market share sent the currency slipping to third place on the list of most actively used units, losing ground to the euro, which reclaimed its second-place ranking.

Since October 2013, the year in which the renminbi overtook the European single currency, trade-finance values in the redback have

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: