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Most used currencies in payments worldwide in 2020

Published by Raynor de Best, Jun 17, 2021
The euro and U.S. dollar together made up more than six out of 10 SWIFT payments worldwide in October 2020. Compared to October 2018, the share of Euro payments had closed the gap to the U.S. dollar. At that time, the U.S. dollar led by more than five percentage points. Noticeable is the Chinese yuan: Despite that China ranks as the world's second-largest economy, the yean ranked as only the sixth-used currency for international SWIFT payments.

Distribution of currencies worldwide in 2020, based on their transaction value

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Sources

Release date

November 2020

Region

Worldwide

Survey time period

October 2020

Special properties

Wire transfers based on SWIFT MT103 and MT202 format, includes both consumers as well institutional payments

Supplementary notes

Transactions do not not include physical exchanges of cash, or digital payments such as PayPal, Apple Pay, Alipay or WeChat Pay.

Excludes payments within the Eurozone.

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