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Central Bank of the Republic of China

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Taipei Foreign Exchange Market September 2021

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                     Release Date: October 22, 2021          

Taipei Foreign Exchange Market September 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$675.0 billion in September 2021. The average daily turnover was US$32.1 billion.

1. By trading counterparty:  (USD billions)

Transactions between

banks and customers

Interbank transactions

 Amount

 %

 

Amount

%

 223.5

 33.1

With domestic banks

 135.5

 20.1

With foreign banks

 316.0

 46.8

Total

 451.5

 66.9

 

2. By trading currency:  (USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

  306.6

 45.4

USD/RMB

115.7

 17.1

NTD/other foreign currencies

   12.0

  1.7

EUR/USD

 78.5

 11.6

Total

  318.6

 47.1

AUD/USD

 40.6

  6.0

 

USD/YEN

 31.0

  4.6

GBP/USD

 22.7

  3.4

other foreign currencies

 67.9

 10.2

Total

356.4

 52.9

 

3.By transaction type: (USD billions)

 Items

Amount

%

Foreign exchange swaps

320.3

47.5

Spot transactions

288.5

42.7

Outright forwards

 40.7

 6.0

Options

 22.1

 3.3

Cross currency swaps

  3.0

 0.4

Margin trading

  0.4

 0.1

 

4.By trading platform: (USD billions)

Items

Amount

%

Through brokers

 284.9

42.2

Direct dealing

 390.1

57.8

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In September 2021, the turnovers of interest rate swaps and interest rate options were US$8.8 billion and US$0.3 billion, respectively.

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