Foreign Exchange Reserves as of the End of December 2019

The foreign exchange reserves of the Republic of China amounted to US$478.13 billion as of the end of December 2019, showing an increase of US$4.08 billion from the figure recorded at the end of the previous month.

The factors responsible for the increase in the foreign exchange reserves in December 2019 are:

1. The appreciation of the euro and other reserve currencies against the US dollar. Foreign exchange reserves denominated in these currencies were worth more in terms of the base currency, the US dollar.

2. Returns from foreign exchange reserves management.

3. Large and sudden capital inflows caused excessive volatility. The central bank stepped in to maintain an orderly foreign exchange market.

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Note: The market value of securities investment and the NTD deposits held by foreign portfolio investors at the end of December 2019 reached US$455.0 billion, equivalent to 95% of foreign exchange reserves.

Note: The next dissemination will be made at 16:20 on February 5, 2020;

the advance release calendar can be accessed on our website at: Advance Release Calendar