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Press Releases

Taipei Foreign Exchange Market May 2018

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                               Release Date: June 25, 2018             

Taipei Foreign Exchange Market May 2018

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$724.9 billion in May 2018. The average daily turnover was US$33 billion.

1. By trading counterparty:                        

                                                                                                                                          (USD billions)

Transactions between 

banks and customers

Interbank transactions

Amount

%

 

Amount

%

216.6

29.9

With domestic banks

171.6

23.7

With foreign banks

336.7

46.4

Total

508.3

70.1

 

 

 

 

 

 

 

2. By trading currency:                            

                                                                                                                                         (USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

331.5

45.7

EUR/USD

 98.6

13.6

NTD/other foreign currencies

 13.8

  1.9

USD/RMB

 94.9

13.1

Total

  345.3

47.6

USD/YEN

 48.0

  6.6

 

AUD/USD

  35.3

  4.9

GBP/USD

  26.0

  3.6

other foreign currencies

  76.8

10.6

Total

 379.6

52.4

 

 

 

 

 

 

 

 

 

 

3. By transaction type:                            

                                                                                        (USD billions)

 Items

Amount

%

Foreign exchange swaps

359.5

49.6

Spot transactions

285.8

39.4

Outright forwards

 50.4

 7.0

Options

 23.3

 3.2

Cross currency swaps

  5.3

 0.7

Margin trading

  0.6

 0.1

 

 

 

 

 

 

 

 

4. By trading platform:                            

                                                                                        (USD billions)

Items

Amount

%

Through brokers

215.3

29.7

Direct dealing

509.6

70.3

 

 

 

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In May 2018, the turnovers of interest rate swaps and interest rate options were US$8 billion and US$1.2 billion, respectively.