Central Bank of the Republic of China (Taiwan)

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Press Releases

Taipei Foreign Exchange Market August 2017

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                               Release Date: September 22, 2017           

Taipei Foreign Exchange Market August 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$640.5 billion in August 2017. The average daily turnover was US$27.9 billion.

1. By trading counterparty:                        

                                                                                                                                          (USD billions)

Transactions between banks and customers

Interbank transactions

Amount

%

 

Amount

%

194.4

30.4

With domestic banks

143.9

22.5

With foreign banks

302.2

47.1

Total

446.1

69.6

 

 

 

 

 

 

2.By trading currency:                            

                                                                                                                                           (USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

288.3

45.0

EUR/USD

 84.3

13.2

NTD/other foreign currencies

 12.1

 1.9

USD/RMB

 70.0

10.9

Total

  300.4

  46.9

USD/YEN

 60.5

 9.5

 

AUD/USD

  38.0

   5.9

GBP/USD

  19.2

   3.0

other foreign currencies

  68.1

  10.6

Total

 340.1

  53.1

 

 

 

 

 

 

 

 

 

 

3.By transaction type:                            

                                                                                         (USD billions)

Items

Amount

%

Foreign exchange swaps

310.4

48.5

Spot transactions

268.2

41.8

Outright forwards

 35.0

 5.5

Options

 22.2

 3.5

Cross currency swaps

  3.8

 0.6

Margin trading

  0.9

 0.1

 

 

 

 

 

 

 

 

4.By trading platform:                            

                                                                                         (USD billions)

Items

Amount

%

Through brokers

176.8

27.6

Direct dealing

463.7

72.4

 

 

 

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In August 2017, the turnovers of interest rate swaps and commodity price swaps & options were US$3.1 billion and US$0.2 billion, respectively.