Central Bank of the Republic of China (Taiwan)

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Press Releases

Taipei Foreign Exchange Market July 2017

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                   Release Date: August 22, 2017           

Taipei Foreign Exchange Market July 2017

Taipei foreign exchange market covers all foreign exchange transactions made by authorized foreign exchange banks and offshore banking units. After eliminating double counting arising from interbank transactions, total net trading volume in the market amounted to US$603.3 billion in July 2017. The average daily turnover was US$28.7 billion.

1. By trading counterparty:                        

                                                                                                                                         (USD billions)

Transactions between banks and customers

Interbank transactions

Amount

%

 

Amount

%

198.5

32.9

With domestic banks

137.8

22.8

With foreign banks

267.0

44.3

Total

404.8

67.1

 

 

 

 

 

 

2.By trading currency:                            

                                                                                                                                          (USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

290.2

48.1

EUR/USD

 74.2

12.3

NTD/other foreign currencies

 12.0

 2.0

USD/YEN

 55.9

 9.3

Total

  302.2

  50.1

USD/RMB

 53.6

 8.9

 

AUD/USD

 35.5

 5.9

GBP/USD

 14.8

 2.5

other foreign currencies

  67.1

  11.0

Total

 301.1

  49.9

 

 

 

 

 

 

 

 

 

 

3.By transaction type:                            

                                                                                       (USD billions)

Items

Amount

%

Foreign exchange swaps

295.2

48.9

Spot transactions

250.3

41.5

Outright forwards

 33.9

 5.6

Options

 18.1

 3.0

Cross currency swaps

  5.1

 0.9

Margin trading

  0.7

 0.1

 

 

 

 

 

 

 

 

4.By trading platform:                            

                                                                                        (USD billions)

Items

Amount

%

Through brokers

178.0

29.5

Direct dealing

425.3

70.5

 

 

 

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In July 2017, the turnovers of interest rate swaps and interest rate options were US$3 billion and US$0.4 billion, respectively.