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Central Bank of the Republic of China

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Taipei Foreign Exchange Market June 2024

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                          Release Date: July 22, 2024                  

Taipei Foreign Exchange Market June 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$863.1 billion in June 2024. The average daily turnover was US$45.4 billion.

1.By trading counterparty:(USD billions)

Transactions between banks and customers

Interbank transactions

Amount

%

 

Amount

%

283.1

32.8

With domestic banks

 166.1

19.2

With foreign banks

 413.9

48.0

Total

 580.0

67.2

2.By trading currency:(USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

  378.7

 43.9

USD/RMB

164.1

 19.0

NTD/Other foreign currencies

   13.5

  1.5

USD/YEN

 76.5

  8.9

Total

  392.2

 45.4

EUR/USD

 51.9

  6.0

 

AUD/USD

 46.5

  5.4

GBP/USD

 16.3

  1.9

Other foreign currencies

115.6

 13.4

Total

470.9

 54.6

3.By transaction type:(USD billions)

 Items

Amount

%

Foreign exchange swaps

439.9

50.9

Spot transactions

351.3

40.7

Outright forwards

 45.1

 5.2

Options

 25.3

 2.9

Cross currency swaps

  1.3

 0.2

Margin trading

  0.2

 0.1

4.By trading platform:(USD billions)

Items

Amount

%

Through brokers

 298.6

34.6

Direct dealing

 564.5

65.4

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In June 2024, the turnovers of interest rate swaps and interest rate options were US$4.9 billion and US$0.5 billion, respectively.

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