Central Bank of the Republic of China (Taiwan)

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Press Releases

Taipei Foreign Exchange Market July 2019

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                   Release Date: August 22, 2019         

Taipei Foreign Exchange Market July 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$711.4 billion in July 2019. The average daily turnover was US$30.9 billion.

1. By trading counterparty:                        

                                                                                                                                         (USD billions)

Transactions between banks and customers

Interbank transactions

Amount

%

 

Amount

%

225.5

31.7

With domestic banks

173.8

24.4

With foreign banks

312.1

43.9

Total

485.9 

68.3

 

 

 

 

 

 

2. By trading currency:                            

                                                                                                                                          (USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

 337.0

47.4

USD/RMB

 90.9

12.8

NTD/other foreign currencies

  14.1

 2.0

EUR/USD

 72.0

10.1

Total

   351.1

  49.4

USD/YEN

 51.5

 7.2

 

AUD/USD

  35.1

   4.9

GBP/USD

  24.2

   3.4

other foreign currencies

  86.6

  12.2

Total

 360.3

  50.6

 

 

 

 

 

 

 

 

 

 

3. By transaction type:                            

                                                                                       (USD billions)

 Items

Amount

%

Foreign exchange swaps

373.2

52.5

Spot transactions

252.9

35.6

Outright forwards

 58.8

 8.3

Options

 19.4

 2.7

Cross currency swaps

  6.7

 0.8

Margin trading

  0.4

 0.1

 

 

 

 

 

 

 

 

4. By trading platform:                            

                                                                                        (USD billions)

Items

Amount

%

Through brokers

283.1

39.8

Direct dealing

428.3

60.2

 

 

 

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In July 2019, the turnovers of interest rate swaps and interest rate options were US$11.2 billion and US$1.4 billion, respectively.