Press Enter go to main content
:::

Central Bank of the Republic of China

:::

Taipei Foreign Exchange Market September 2024

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                     Release Date: October 22, 2024          

Taipei Foreign Exchange Market September 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$932.8 billion in September 2024. The average daily turnover was US$46.6 billion.

  1. By trading counterparty:(USD billions)

Transactions between  

 banks and customers

Interbank transactions

Amount

%

 

Amount

%

274.4

29.4

With domestic banks

 182.9

19.6

With foreign banks

 475.5

51.0

Total

 658.4

70.6

 
  1. By trading currency: (USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

  369.7

 39.6

USD/RMB

141.1

 15.1

NTD/Other foreign currencies

   13.5

  1.5

USD/YEN

118.1

 12.7

Total

  383.2

 41.1

AUD/USD

 59.3

  6.4

 

EUR/USD

 54.0

  5.8

GBP/USD

 16.9

  1.8

Other foreign currencies

160.2

 17.1

Total

549.6

 58.9

 
  1. By transaction type: (USD billions)

 Items

Amount

%

Foreign exchange swaps

487.4

52.3

Spot transactions

336.0

36.0

Outright forwards

 76.5

 8.2

Options

 30.3

 3.2

Cross currency swaps

  1.9

 0.2

Margin trading

  0.7

 0.1

 
  1. By trading platform:(USD billions)

Items

Amount

%

Through brokers

 318.1

34.1

Direct dealing

 614.7

65.9

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In September 2024, the turnovers of interest rate swaps and interest rate options were US$10.5 billion and US$0.7 billion, respectively.

CLOSE
TOP
TOP