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Press Releases

Taipei Foreign Exchange Market November 2017

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                Release Date: December 22, 2017       

Taipei Foreign Exchange Market November 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$610 billion in November 2017. The average daily turnover was US$27.7 billion.

1. By trading counterparty:                        

                                                                                                                                          (USD billions)

Transactions between banks and customers

Interbank transactions

Amount

%

 

Amount

%

199.4

32.7

With domestic banks

149.4

24.5

With foreign banks

261.2

42.8

Total

410.6

67.3

 

 

 

 

 

 

2. By trading currency:                            

                                                                                                                                          (USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

299.1

49.0

EUR/USD

 79.1

13.0

NTD/other foreign currencies

 12.2

 2.0

USD/RMB

 61.7

10.1

Total

  311.3

  51.0

USD/YEN

 46.4

 7.6

 

AUD/USD

  31.5

   5.2

GBP/USD

  16.7

   2.7

other foreign currencies

  63.3

  10.4

Total

 298.7

  49.0

 

 

 

 

 

 

 

 

 

 

3. By transaction type:                           

                                                                                        (USD billions)

Items

Amount

%

Foreign exchange swaps

310.0

50.8

Spot transactions

236.0

38.7

Outright forwards

 39.8

 6.5

Options

 20.5

 3.4

Cross currency swaps

  3.1

 0.5

Margin trading

  0.6

 0.1

 

 

 

 

 

 

 

 

4. By trading platform:                            

                                                                                        (USD billions)

Items

Amount

%

Through brokers

204.4

33.5

Direct dealing

405.6

66.5

 

 

 

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In November 2017, the turnovers of interest rate swaps and interest rate options were US$3.2 billion and US$0.5 billion, respectively.