At the end of April this year, the share of the euro in global settlements fell to a three-year low and reached 31.74%. However, the European currency remains the second most popular in the world after the American dollar, according to Bloomberg agency, which refers to the statistical data from analysts of the International Interbank Information and Payment Transmission System (SWIFT).

In the second month of spring, the share of the European currency in the global settlement system decreased by almost one percentage point, from 32.64% to 31.74%. In contrast, during the same period, the market position of the U.S. currency strengthened, rising from 41.74% to 42.71% by the end of April, as specified in the article.

“Use of the euro for international payments fell in April to a three-year low <…> the share of cross-border transactions using the single European currency fell to 31.74% of the total in April from 32.64% in March. The use of the dollar rose to 42.71% from 41.74%,” the material states.

Earlier, we reported that the euro is depreciating against the dollar ahead of the release of data on inflation in the euro area.