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Taipei Foreign Exchange Market October 2024

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                   Release Date: November 22, 2024                 

Taipei Foreign Exchange Market October 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$937.0 billion in October 2024. The average daily turnover was US$49.3 billion.

  1. By trading counterparty: (USD billions)

Transactions between 
anks and customers

Interbank transactions

Amount

%

 

Amount

%

274.1

29.3

With domestic banks

 179.3

19.1

With foreign banks

 483.6

51.6

Total

 662.9

70.7

 
  1. By trading currency: (USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

  373.4

 39.9

USD/RMB

187.2

 20.0

NTD/Other foreign currencies

   13.6

  1.4

USD/YEN

 92.7

  9.9

Total

  387.0

 41.3

EUR/USD

 55.4

  5.9

 

AUD/USD

 51.1

  5.5

GBP/USD

 17.8

  1.9

Other foreign currencies

145.8

 15.5

Total

550.0

 58.7

 
  1. By transaction type: (USD billions)

 Items

Amount

%

Foreign exchange swaps

485.6

51.8

Spot transactions

340.3

36.3

Outright forwards

 78.7

 8.4

Options

 30.2

 3.2

Cross currency swaps

  1.7

 0.2

Margin trading

  0.5

 0.1

 
  1. By trading platform:(USD billions)

Items

Amount

%

Through brokers

 287.7

30.7

Direct dealing

 649.3

69.3

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In October 2024, the turnovers of interest rate swaps and interest rate options were US$9.7 billion and US$0.4 billion, respectively.

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