Taipei Foreign Exchange Market June 2023
Central Bank of the Republic of China ( Taiwan )
PRESS RELEASE Release Date: July 24, 2023
Taipei Foreign Exchange Market June 2023
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$873.9 billion in June 2023. The average daily turnover was US$41.6 billion.
1.By trading counterparty: (USD billions)
Transactions between banks and customers |
Interbank transactions |
|||
---|---|---|---|---|
Amount |
% |
|
Amount |
% |
265.0 |
30.3 |
With domestic banks |
171.5 |
19.7 |
With foreign banks |
437.4 |
50.0 |
||
Total |
608.9 |
69.7 |
NTD/foreign currency |
Third currency |
||||
---|---|---|---|---|---|
|
Amount |
% |
|
Amount |
% |
NTD/USD |
363.2 |
41.6 |
USD/RMB |
197.5 |
22.6 |
NTD/Other foreign currencies |
14.3 |
1.6 |
EUR/USD |
80.0 |
9.2 |
Total |
377.5 |
43.2 |
USD /YEN |
68.6 |
7.8 |
|
AUD/USD |
47.6 |
5.4 |
||
GBP/USD |
23.8 |
2.7 |
|||
Other foreign currencies |
78.9 |
9.1 |
|||
Total |
496.4 |
56.8 |
Items |
Amount |
% |
---|---|---|
Foreign exchange swaps |
424.0 |
48.5 |
Spot transactions |
365.6 |
41.8 |
Outright forwards |
63.0 |
7.2 |
Options |
19.9 |
2.3 |
Cross currency swaps |
1.0 |
0.1 |
Margin trading |
0.4 |
0.1 |
Items |
Amount |
% |
---|---|---|
Through brokers |
338.2 |
38.7 |
Direct dealing |
535.7 |
61.3 |
In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In June 2023, the turnovers of interest rate swaps and interest rate options were US$8.9 billion and US$1.4 billion, respectively.