The 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 moreMonthly trading volumes of the recently launched Forex futures: USD/CNH and USD/CNT, also fell in monthly terms, to 21,165 contracts and 135,716 contracts, respectively.
Read moreThe latest monthly report by SWIFT shows that the Chinese yuan accounted for 2.79% of global payments in terms of value, giving the RMB the #4 spot in the ranking of world payment currencies.
Read moreMonthly trading volumes of the newly launched Forex futures: USD/CNH and USD/CNT, reached 22,180 contracts and 252,744 contracts, respectively.
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 more"Customer trading activity in yuan-related currency pairs constitutes an immaterial part of our overall trading volume”, stated GAIN's CEO Glenn Stevens.
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 moreTaiwan Futures Exchange has launched Taiwan’s first RMB currency futures contracts. The rationale behind the new products is to extend development of Taiwan’s rapidly growing offshore RMB financial services sector
Read moreSelected trading instruments, including USD/CNY, will no longer be available for trading from today's market close.
Read moreThe offshore RMB market in Taiwan has been growing rapidly and vigorously.
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