China Yuan on the RiseAccording to this report, the yuan’s share increased from 2% in 2023 to 3.5% this year, representing a 75% increase in just 2 years.
And for global commerce, the growth is even more striking:
“In trade, 6% of global commerce was financed in RMB last year, up from under 2% in 2023.”
This represents a 200% increase in the use of the yuan for trade in also just 2 years.
If the yuan continues to grow at the same pace — at a 75% increase every 2 years —
it would take roughly 11 to 12 more years to reach 49%, i.e., around the year 2036.
Offshore Chinese Renminbi Futures and Options
Ticker: CNH
Minimum fluctuation:
Outright:0.0005 per USD increment = 50 CNH
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