According to the results of August 2023, the share of the euro in the global payments structure dropped to the lowest level in history at 23.2%. This is 1.2 percentage points (percentage points) lower than the July figures. They write about it “News”It references data from analysts at the System for International Interbank Information Transfer and Payments (SWIFT).
According to its data, the share of payments in the European currency has continued to fall since January, with experts recording the strongest decline in use in June, when the share of the euro fell by almost 7 percentage points. – From 31.25% to 24.4%. On the contrary, the share of the dollar, the main rival of the euro, reached the highest level in history in August, reaching 48.03%.
Analysts attributed the decline in the euro’s share in the international payments structure to a number of factors, including low rates of economic growth in EU countries, an increase in the key rate by the leadership of the European financial regulatory authority and a large amount of debt. Obligations of Eurozone countries. In addition, the ongoing inflation and unemployment in the region, as well as the global increase in the share of payments in national currencies in the face of sanctions imposed on the Russian Federation, undermines confidence in the European currency.
Previously the euro exchange rate on the Moscow Exchange got up Up to 104 rubles.