Euro surpasses RMB in traditional trade finance
Swift RMB Tracker shows the euro is now the second-most-active currency for trade finance, whilst the RMB slips to position number three
London ranks first for offshore RMB FX transactions
Swift’s latest RMB Tracker shows that more than one-third of offshore RMB FX transactions are conducted with the United Kingdom
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RMB adoption between China and Japan has more than doubled in the last two years
Swift's RMB Tracker shows that the Chinese currency is now the second most active currency for payments between Japan and China/Hong Kong.
RMB stands fast as the second most active currency in Malaysia for payments with China and Hong Kong
Swift’s RMB Tracker shows the Renminbi holds a steady second place for payments between Malaysia and China/Hong Kong, while the US dollar continues to dominate the corridor