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Central Bank of the Republic of China

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Taipei Foreign Exchange Market June 2020

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                          Release Date: July 22, 2020                

Taipei Foreign Exchange Market June 2020

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$658.9 billion in June 2020. The average daily turnover was US$31.4 billion.

1.By trading counterparty:(USD billions)

Transactions between

banks and customers

Interbank transactions

Amount

%

 

Amount

%

217.0

32.9

With domestic banks

161.9

24.6

With foreign banks

280.0

42.5

Total

441.9

67.1

 

2.By trading currency:   (USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

328.1

49.8

USD/RMB

86.2

13.1

NTD/other foreign currencies

10.1

1.5

EUR/USD

73.5

11.2

Total

338.2

51.3

AUD/USD

43.8

6.6

 

USD/YEN

34.5

5.2

GBP/USD

21.0

3.2

other foreign currencies

61.7

9.4

Total

320.7

 48.7

 

3.By transaction type: (USD billions)

 Items

Amount

%

Foreign exchange swaps

341.9

51.9

Spot transactions

265.1

40.2

Outright forwards

35.1

5.3

Options

14.2

2.2

Cross currency swaps

1.9

0.3

Margin trading

0.7

0.1

 

4.By trading platform:(USD billions)

Items

Amount

%

Through brokers

247.1

37.5

Direct dealing

411.8

62.5

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In June 2020, the turnovers of interest rate swaps and interest rate options were US$2.6 billion and US$0.7 billion, respectively.

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