Press Enter go to main content
:::

Central Bank of the Republic of China

:::

Taipei Foreign Exchange Market May 2024

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                         Release Date: June 24, 2024                     

Taipei Foreign Exchange Market May 2024

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$908.0 billion in May 2024. The average daily turnover was US$41.3 billion.

1.By trading counterparty:(USD billions)

Transactions between                              banks and customers

Interbank transactions

Amount

%

 

Amount

%

274.5

30.2

With domestic banks

 176.6

19.5

With foreign banks

 456.9

50.3

Total

 633.5

69.8

2.By trading currency:(USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

  373.1

 41.1

USD/RMB

181.5

 20.0

NTD/Other foreign currencies

   13.4

  1.5

USD/YEN

 78.3

  8.6

Total

  386.5

 42.6

EUR/USD

 66.8

  7.4

 

AUD/USD

 49.2

  5.4

GBP/USD

 16.4

  1.8

Other foreign currencies

129.3

 14.2

Total

521.5

 57.4

3.By transaction type:(USD billions)

 Items

Amount

%

Foreign exchange swaps

483.8

53.3

Spot transactions

333.3

36.7

Outright forwards

 58.2

 6.4

Options

 31.4

 3.4

Cross currency swaps

  1.1

 0.1

Margin trading

  0.2

 0.1

4.By trading platform:(USD billions)

Items

Amount

%

Through brokers

 335.1

36.9

Direct dealing

 572.9

63.1

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In May 2024, the turnovers of interest rate swaps and interest rate options were US$4.8 billion and US$0.6 billion, respectively.

CLOSE
TOP
TOP