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Press Releases

Taipei Foreign Exchange Market November 2018

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                Release Date: December 22, 2018  

Taipei Foreign Exchange Market November 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$643.5 billion in November 2018. The average daily turnover was US$29.3 billion.

1. By trading counterparty:                        

                                                                                                                                         (USD billions)

Transactions between

banks and customers

Interbank transactions

Amount

%

 

Amount

%

211.6

32.9

With domestic banks

161.7

25.1

With foreign banks

270.2

42.0

Total

431.9 

67.1

 

 

 

 

 

 

 

 

2. By trading currency:                           

                                                                                                                                         (USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

320.5

49.8

EUR/USD

 80.0

12.4

NTD/other foreign currencies

 12.0

 1.9

USD/RMB

 75.1

11.7

Total

  332.5

  51.7

USD/YEN

 39.5

 6.1

 

AUD/USD

  31.6

   4.9

GBP/USD

  20.6

   3.2

other foreign currencies

  64.2

  10.0

Total

 311.0

  48.3

 

 

 

 

 

 

 

 

 

 

3. By transaction type:                            

                                                                                        (USD billions)

 Items

Amount

%

Foreign exchange swaps

335.5

52.1

Spot transactions

237.5

36.9

Outright forwards

 45.0

 7.0

Options

 20.4

 3.2

Cross currency swaps

  4.5

 0.7

Margin trading

  0.6

 0.1

 

 

 

 

 

 

 

 

4. By trading platform:                            

                                                                                        (USD billions)

Items

Amount

%

Through brokers

255.5

39.7

Direct dealing

388.0

60.3

   

 

 

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In November 2018, the turnovers of interest rate swaps and interest rate options were US$7.9 billion and US$0.8 billion, respectively.