Central Bank of the Republic of China (Taiwan)

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Press Releases

Taipei Foreign Exchange Market August 2019

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                               Release Date: September 23, 2019    

Taipei Foreign Exchange Market August 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$710.5 billion in August 2019. The average daily turnover was US$33.8 billion.

1. By trading counterparty:                        

                                                                                                                                         (USD billions)

Transactions between

banks and customers

Interbank transactions

Amount

%

 

Amount

%

218.5

30.8

With domestic banks

165.1

23.2

With foreign banks

326.9

46.0

Total

492.0 

69.2

 

 

 

 

 

 

 

2. By trading currency:                           

                                                                                                                                         (USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

 314.4

44.2

USD/RMB

117.3

16.5

NTD/other foreign currencies

  12.4

 1.6

EUR/USD

 62.0

 8.7

Total

   326.8

  45.8

USD/YEN

 60.8

 8.6

 

AUD/USD

  33.2

   4.7

GBP/USD

  20.3

   2.9

other foreign currencies

  90.1

  12.8

Total

 383.7

  54.2

 

 

 

 

 

 

 

 

 

 

3.By transaction type:                            

                                                                                       (USD billions)

 Items

Amount

%

Foreign exchange swaps

327.4

46.1

Spot transactions

306.7

43.2

Outright forwards

 53.1

 7.5

Options

 20.5

 2.9

Cross currency swaps

  2.4

 0.2

Margin trading

  0.4

 0.1

 

 

 

 

 

 

 

 

4.By trading platform:                            

                                                                                        (USD billions)

Items

Amount

%

Through brokers

270.0

38.0

Direct dealing

440.5

62.0

 

   

 

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In August 2019, the turnovers of interest rate swaps and interest rate options were US$8.6 billion and US$0.9 billion, respectively.