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Taipei Foreign Exchange Market February 2021

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                       Release Date: March 22, 2021                    

Taipei Foreign Exchange Market February 2021

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$572.5 billion in February 2021. The average daily turnover was US$35.8 billion.

 

1.By trading counterparty:(USD billions)

Transactions between

banks and customers

Interbank transactions

 Amount

 %

 

Amount

%

 192.4

 33.6

With domestic banks

 122.0

 21.3

With foreign banks

 258.1

 45.1

Total

 380.1

 66.4

2.By trading currency:(USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

  268.3

 46.9

USD/RMB

 99.1

 17.3

NTD/other foreign currencies

    9.5

  1.6

EUR/USD

 59.5

 10.4

Total

  277.8

 48.5

AUD/USD

 39.1

  6.8

 

USD/YEN

 21.9

  3.8

GBP/USD

 19.7

  3.4

other foreign currencies

 55.4

  9.8

Total

294.7

 51.5

3.By transaction type:(USD billions)

 Items

Amount

%

Foreign exchange swaps

267.8

46.8

Spot transactions

248.1

43.3

Outright forwards

 38.2

 6.7

Options

 15.9

 2.8

Cross currency swaps

  1.9

 0.3

Margin trading

  0.6

 0.1

4.By trading platform:(USD billions)

Items

Amount

%

Through brokers

 240.4

42.0

Direct dealing

 332.1

58.0

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In February 2021, the turnovers of interest rate swaps and interest rate options were US$4.6 billion and US$1.2 billion, respectively.

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