At the end of December 2022 the share of the euro in international settlements fell for the second year in a row, this time to 36.34%. This happened due to the instability of the current euro exchange rate. For comparison, during the same period in 2020 this figure was 36.7% and in December 2021 – 36.65%, statistical data of the International Interbank Information and Payment Transmission System (SWIFT) say.

At the same time, the U.S. dollar showed the opposite dynamic by the end of 2022. The U.S. dollar’s share of transactions in December increased year-on-year to 41.89%, the note said.

“The euro’s share of international settlements in December 2022 was 36.34%. Previously, the share was 36.65% at the end of 2021 and 36.7% in December 2020. The share of the U.S. dollar in international settlements from December 2021 to December 2022 increased from 40.51% to 41.89%. The volatility of the euro exchange rate chart is to blame”, – says the article.

Following the results of 2022, the British pound sterling closed in the top three of the world’s currencies regarding frequency of use in international calculations. Its share compared with December 2021, increased over the past 12 months from 5.89% to 6.08%.

Earlier we reported that the dollar is weakening against the euro, the yen and the pound sterling.