2017年-SWIFT环球同业银行金融电讯_RMB_Tracker_November_2017_-_Slides_EN_6页_266kb

RMB Tracker Summary - November 2017

Core Content

The RMB Tracker report for November 2017 provides an overview of the renminbi (RMB) progress towards becoming an international currency, focusing on its usage in international payments. The report highlights changes in the RMB's share in global payments and the evolution of offshore RMB payments, using data from SWIFT, a leading financial messaging service.

Main Points

• RMB's Position in International Payments:
  In October 2017, the RMB dropped one position to #7 in the global rankings of most actively used currencies for international payments, with a 1.46% share. This decline is attributed to seasonal effects following the Golden Week holiday in China.

  • The Swiss franc overtook the Canadian dollar, becoming the 5th most active currency with a 1.63% share, while the Canadian dollar fell to 1.60%.
  • The RMB payments value decreased by 19.10% compared to September 2017, despite a general increase of 3.02% in payments currencies.

• RMB's Share as an International Payments Currency:
  The report compares the RMB's share in international payments over time, highlighting the decline from October 2015 to October 2017.

  • The data is based on customer-initiated and institutional payments, measured by value.
  • The SWIFT system is used to track these exchanges, providing a standardized and secure platform for financial messaging.

• Offshore RMB Payments Evolution:
  The report also examines the evolution of offshore RMB payments, excluding transactions within China.

  • This data is again based on SWIFT messages and reflects the value of payments.
  • It provides insights into the global usage of the RMB outside of mainland China.

Key Information

• SWIFT Overview:
  SWIFT is a member-owned cooperative that connects over 11,000 financial institutions and corporations in more than 200 countries and territories.

  • It offers secure, standardized, and automated financial messaging.
  • The platform helps reduce costs, operational risk, and inefficiencies.
  • SWIFT also facilitates collaboration within the financial community to set standards and discuss relevant issues.

• Disclaimer:

  • The RMB Tracker is an informative publication and not a recommendation or advice.
  • SWIFT does not guarantee the fitness for purpose, completeness, or accuracy of the data.
  • The report is provided on an 'as is' basis and no liability is assumed for its use.

Additional Resources

• RMB Package: A set of tools and services for RMB-related transactions.
• Business Intelligence solutions: Offers insights and analytics for financial institutions.
• Website: www.swift.com for more detailed information.

Conclusion

The RMB Tracker for November 2017 reflects a temporary decline in the RMB's usage in international payments, likely influenced by seasonal factors. While the RMB remains a significant currency globally, the data underscores the ongoing competition from other major currencies like the Swiss franc and Canadian dollar. The report serves as a key reference for understanding the trends and challenges in the internationalization of the RMB.