Central Bank of the Republic of China (Taiwan)

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Press Releases

Taipei Foreign Exchange Market January 2019

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                     Release Date: March 4, 2019          

Taipei Foreign Exchange Market January 2019

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$749.8 billion in January 2019. The average daily turnover was US$32.6 billion.

1. By trading counterparty:                        

                                                                                                                                          (USD billions)

Transactions between 

banks and customers

Interbank transactions

Amount

%

 

Amount

%

246.9

32.9

With domestic banks

190.8

25.5

With foreign banks

312.1

41.6

Total

502.9

 

67.1

 

 

 

 

 

 

 

 

2. By trading currency:                           

                                                                                                                                         (USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

380.0

50.7

USD/RMB

108.1

14.4

NTD/other foreign currencies

 13.5

 1.8

EUR/USD

 72.0

9.6

Total

  393.5

  52.5

USD/YEN

 47.3

6.3

 

AUD/USD

  31.2

   4.2

GBP/USD

  17.8

   2.4

other foreign currencies

  79.9

  10.6

Total

 356.3

  47.5

 

 

 

 

 

 

 

 

 

 

3. By transaction type:                           

                                                                                        (USD billions)

 Items

Amount

%

Foreign exchange swaps

374.0

49.9

Spot transactions

284.3

37.9

Outright forwards

 61.1

 8.2

Options

 22.1

 3.0

Cross currency swaps

  7.5

 0.9

Margin trading

  0.8

 0.1

 

 

 

 

 

 

 

 

4. By trading platform:                           

                                                                                        (USD billions)

Items

Amount

%

Through brokers

308.2

41.1

Direct dealing

441.6

58.9

   

 

 

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In January 2019, the turnovers of interest rate swaps and commodity price swaps & options were US$9 billion and US$0.4 billion, respectively.