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Press Releases

Taipei Foreign Exchange Market July 2018

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                   Release Date: August 22, 2018           

Taipei Foreign Exchange Market July 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$701.9 billion in July 2018. The average daily turnover was US$31.9 billion.

1. By trading counterparty:                        

                                                                                                                                          (USD billions)

Transactions between 

banks and customers

Interbank transactions

Amount

%

 

Amount

%

223.8

31.9

With domestic banks

172.7

24.6

With foreign banks

305.4

43.5

Total

478.1

 

68.1

 

 

 

 

 

 

 

 

2. By trading currency:                            

                                                                                                                                          (USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

339.6

48.4

USD/RMB

128.1

18.2

NTD/other foreign currencies

 12.7

 1.8

EUR/USD

 62.3

 8.9

Total

  352.3

  50.2

USD/YEN

 43.9

 6.3

 

AUD/USD

  33.8

   4.8

GBP/USD

  21.0

   3.0

other foreign currencies

  60.5

   8.6

Total

 349.6

  49.8

 

 

 

 

 

 

 

 

 

 

3. By transaction type:                            

                                                                                        (USD billions)

 Items

Amount

%

Foreign exchange swaps

346.6

49.4

Spot transactions

276.9

39.5

Outright forwards

 50.8

 7.2

Options

 20.4

 2.9

Cross currency swaps

  6.6

 0.9

Margin trading

  0.6

 0.1

 

 

 

 

 

 

 

 

4. By trading platform:                            

                                                                                        (USD billions)

Items

Amount

%

Through brokers

223.2

31.8

Direct dealing

478.7

68.2

 

 

 

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In July 2018, the turnovers of interest rate swaps and credit derivatives were US$4.5 billion and US$0.4 billion, respectively.