Central Bank of the Republic of China (Taiwan)

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Press Releases

Taipei Foreign Exchange Market May 2019

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                      Release Date: June 24, 2019      

Taipei Foreign Exchange Market May 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$738.9 billion in May 2019. The average daily turnover was US$33.6 billion.

1. By trading counterparty:                       

                                                                                                                                          (USD billions)

Transactions between 

banks and customers

Interbank transactions

Amount

%

 

Amount

%

243.6

33.0

With domestic banks

175.0

23.7

With foreign banks

320.3

43.3

Total

 495.3 

67.0

 

 

 

 

 

 

 

2. By trading currency:                           

                                                                                                                                          (USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

 352.2

47.7

USD/RMB

137.3

18.6

NTD/other foreign currencies

  14.6

 1.8

EUR/USD

  65.8

  8.9

Total

   366.8

  49.5

USD/YEN

  41.6

  5.6

 

AUD/USD

  32.2

  4.4

GBP/USD

  20.8

  2.8

other foreign currencies

  74.4

10.2

Total

 372.1

50.5

 

 

 

 

 

 

 

 

 

 

3. By transaction type:                           

                                                                                        (USD billions)

 Items

Amount

%

Foreign exchange swaps

342.7

46.4

Spot transactions

310.9

42.1

Outright forwards

 60.1

 8.1

Options

 21.1

 2.9

Cross currency swaps

  3.6

 0.4

Margin trading

  0.5

 0.1

 

 

 

 

 

 

 

 

4. By trading platform:                           

                                                                                       (USD billions)

Items

Amount

%

Through brokers

278.6

37.7

Direct dealing

460.3

62.3

   

 

 

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In May 2019, the turnovers of interest rate swaps and interest rate options were US$6.2 billion and US$1.9 billion, respectively.