Central Bank of the Republic of China (Taiwan)

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Press Releases

Taipei Foreign Exchange Market June 2019

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                      Release Date: July 22, 2019              

Taipei Foreign Exchange Market June 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$639.4 billion in June 2019. The average daily turnover was US$33.7 billion.

1. By trading counterparty:                       

                                                                                                                                          (USD billions)

Transactions between 

banks and customers

Interbank transactions

Amount

%

 

Amount

%

190.9

29.8

With domestic banks

150.2

23.5

With foreign banks

298.3

46.7

Total

448.5 

70.2

 

 

 

 

 

 

 

2. By trading currency:                           

                                                                                                                                          (USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

 280.2

43.8

USD/RMB

113.6

17.8

NTD/other foreign currencies

  15.1

 2.3

EUR/USD

 69.8

10.9

Total

   295.3

  46.1

USD/YEN

 37.2

 5.8

 

AUD/USD

  32.5

   5.1

GBP/USD

  17.9

   2.8

other foreign currencies

  73.1

  11.5

Total

 344.1

  53.9

 

 

 

 

 

 

 

 

 

 

3. By transaction type:                            

                                                                                        (USD billions)

 Items

Amount

%

Foreign exchange swaps

303.4

47.4

Spot transactions

256.8

40.2

Outright forwards

 56.1

 8.8

Options

 18.4

 2.9

Cross currency swaps

  4.1

 0.6

Margin trading

  0.6

 0.1

 

 

 

 

 

 

 

 

4. By trading platform:                            

                                                                                        (USD billions)

Items

Amount

%

Through brokers

232.7

36.4

Direct dealing

406.7

63.6

   

 

 

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In June 2019, the turnovers of interest rate swaps and interest rate options were US$6.0 billion and US$2.8 billion, respectively.