Central Bank of the Republic of China (Taiwan)

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Press Releases

Taipei Foreign Exchange Market December 2018

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                  Release Date: January 22, 2019      

Taipei Foreign Exchange Market December 2018

The 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$598.1 billion in December 2018. The average daily turnover was US$28.5 billion.

1. By trading counterparty:                        

                                                                                                                                         (USD billions)

Transactions between banks and customers

Interbank transactions

Amount

%

 

Amount

%

206.2

34.4

With domestic banks

148.7

24.9

With foreign banks

243.2

40.7

Total

391.9

 

65.6

 

 

 

 

 

 

 

2. By trading currency:                            

                                                                                                                                          (USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

306.4

51.2

USD/RMB

 74.8

12.5

NTD/other foreign currencies

 12.2

 2.1

EUR/USD

 60.9

10.2

Total

  318.6

  53.3

USD/YEN

 39.9

 6.7

 

AUD/USD

  28.2

   4.7

GBP/USD

  14.1

   2.4

other foreign currencies

  61.6

  10.2

Total

 279.5

  46.7

 

 

 

 

 

 

 

 

 

 

3. By transaction type:                            

                                                                                        (USD billions)

 Items

Amount

%

Foreign exchange swaps

307.1

51.4

Spot transactions

226.5

37.9

Outright forwards

 47.5

 7.9

Options

 12.0

 2.0

Cross currency swaps

  4.4

 0.7

Margin trading

  0.6

 0.1

 

 

 

 

 

 

 

 

4. By trading platform:                            

                                                                                        (USD billions)

Items

Amount

%

Through brokers

244.6

40.9

Direct dealing

353.5

59.1

 

 

 

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In December 2018, the turnovers of interest rate swaps and interest rate options were US$7.8 billion and US$1.4 billion, respectively.