TIPS processed a combined 10.83 million daily transactions across three currencies in April 2026. The combined multi-currency total crossed ten million for the first time. Euro volumes averaged 4.54 million daily transactions. Swedish krona reached 3.09 million. Danish krone hit 3.20 million. The DKK figure more than doubled from 1.45 million daily transactions in January.
Danish krone daily settlement value reached 3.0 billion kroner in April, up from 1.4 billion kroner in January. The March-to-April increase of 58 percent followed Denmark's connection to TARGET services in April 2025. Swedish krona volumes remained stable at 3.09 million daily, reflecting the mature state of RIX-INST integration since February 2024.
Euro volumes dipped 4.3 percent month-on-month from March's peak of 4.74 million daily. Euro daily settlement value held steady at 5.7 billion euros for a second consecutive month. Average euro transaction size rose to 1,256 euros in April from 1,202 euros in March. The rising average suggests growing corporate instant payment use under the IPR sending mandate that took effect in October 2025.
The formal activation of cross-currency instant settlement on June 10 added currency conversion capability to the multi-currency base. Norges Bank targets the first half of 2028 for connecting the Norwegian krone through its NBO INST service. The ECB and Swiss National Bank are conducting a feasibility study throughout 2026 on TIPS-SIC IP linkage for franc-euro settlement.