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The share of the pound in international settlements fell to a June low


January, 19 2023
watermark Economic news

According to the SWIFT international system, the share of the pound sterling in international settlements by the end of December fell to 6.08%, which was the lowest value since June.


During the month, the British currency lost 1.01 percentage points, while retaining third place in the list of the most popular settlement currencies. The last time when the value was much less than the current one, it was noted in June: then the pound accounted for 5.96% of international settlements. 


Analysts note that the dollar and the euro have strengthened their positions in the rating of currencies – they took first and second places with a share of 41.89% and 36.34%, respectively. The «American» for the month grew by 0.51 percentage points, and the «European» — by 0.22 points.


The Japanese yen is still in fourth place at the end of December, the share of which increased by 0.34 percentage points to 2.88% over the month.


The Chinese yuan closes the top five with a share of 2.15% and a decrease of 0.22 percentage points over the month.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.