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Taipei Foreign Exchange Market October 2020

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                   Release Date: November 23, 2020                     

Taipei Foreign Exchange Market October 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$601.6 billion in October 2020. The average daily turnover was US$31.7 billion.

1.By trading counterparty:(USD billions)

Transactions between                              banks and customers

banks and customers

Interbank transactions

Amount

%

 

Amount

%

204.3

34.0

With domestic banks

128.3

21.3

With foreign banks

269.0

44.7

Total

397.3

 

66.0

 
2.By trading currency:(USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

  285.1

47.4

USD/RMB

  87.0

14.5

NTD/other foreign currencies

    9.3

 1.5

EUR/USD

  76.6

12.7

Total

    294.4

  48.9

AUD/USD

  37.4

 6.2

 

USD/YEN

  28.5

  4.7

GBP/USD

  19.3

  3.2

other foreign currencies

  58.4

  9.8

Total

 307.2

 51.1

 
3.By transaction type:(USD billions)

 Items

Amount

%

Foreign exchange swaps

298.2

49.6

Spot transactions

252.1

41.9

Outright forwards

 34.4

 5.7

Options

 15.2

 2.5

Cross currency swaps

  1.3

 0.2

Margin trading

  0.4

 0.1

 
4.By trading platform:(USD billions)

Items

Amount

%

Through brokers

248.5

41.3

Direct dealing

353.1

58.7

 
In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In October 2020, the turnovers of interest rate swaps and interest rate options were US$3.9 billion and US$2.3 billion, respectively.
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