Yuan Regains Fifth Place in Global Payments Rankings, Swift Says

China’s yuan reclaimed fifth place in currency rankings tracking usage for global payments, according to the Society for Worldwide Financial Telecommunications.

The currency’s market share rose to 2.03 percent in March from 1.81 percent in February, when it fell two levels to seventh place. February’s slippage was likely due to fewer transactions taking place during the week-long Chinese New Year holiday, according to Swift, which is based in La Hulpe, Belgium. The yuan ranked fifth for the first time in December and trails the dollar, euro, British pound and Japanese yen.