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Central Bank of the Republic of China

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Taipei Foreign Exchange Market October 2019

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                          Release Date: November 22, 2019   

Taipei Foreign Exchange Market October 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$670.9 billion in October 2019. The average daily turnover was US$30.5 billion.

1. By trading counterparty:                       

 (USD billions)

Transactions between 

banks and customers

Interbank transactions

Amount

%

 

Amount

%

223.3

33.3

With domestic banks

163.1

24.3

With foreign banks

284.5

42.4

Total

447.6

66.7

 

2. By trading currency:                           

(USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

 330.1

49.2

USD/RMB

 73.5

11.0

NTD/other foreign currencies

  12.2

 1.8

EUR/USD

 64.5

 9.6

Total

   342.3

  51.0

USD/YEN

 46.7

 7.0

 

AUD/USD

  36.0

   5.4

GBP/USD

  21.8

   3.3

other foreign currencies

  86.1

  12.7

Total

 328.6

  49.0

 

3. By transaction type:                           

(USD billions)

 Items

Amount

%

Foreign exchange swaps

352.9

52.6

Spot transactions

238.4

35.5

Outright forwards

 58.8

 8.8

Options

 17.9

 2.7

Cross currency swaps

  2.4

 0.3

Margin trading

  0.5

 0.1

 

4. By trading platform:                           

(USD billions)

Items

Amount

%

Through brokers

276.4

41.2

Direct dealing

394.5

58.8

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In October 2019, the turnovers of interest rate swaps and commodity price swaps & options were US$3.9 billion and US$0.3 billion, respectively.

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