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Taipei Foreign Exchange Market November 2024

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                   Release Date: December 23, 2024                  

Taipei Foreign Exchange Market November 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$1,012.2 billion in November 2024. The average daily turnover was US$48.2 billion.

 

  1. By trading counterparty:  (USD billions)

Transactions between 

banks and customers

Interbank transactions

Amount

%

 

Amount

%

282.0

27.9

With domestic banks

 194.1

19.1

With foreign banks

 536.1

53.0

Total

 730.2

72.1

 
  1. By trading currency: (USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

  402.2

 39.7

USD/RMB

196.5

 19.4

NTD/Other foreign currencies

   12.9

  1.3

USD/YEN

 92.2

  9.1

Total

  415.1

 41.0

EUR/USD

 80.1

  7.9

 

AUD/USD

 63.2

  6.2

GBP/USD

 17.7

  1.8

Other foreign currencies

147.4

 14.6

Total

597.1

 59.0

 
  1. By transaction type: (USD billions)

 Items

Amount

%

Foreign exchange swaps

544.6

53.8

Spot transactions

360.5

35.6

Outright forwards

 76.0

 7.5

Options

 28.9

 2.8

Cross currency swaps

  1.8

 0.2

Margin trading

  0.4

 0.1

 
  1. By trading platform: (USD billions)

Items

Amount

%

Through brokers

 303.7

30.0

Direct dealing

 708.5

70.0

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In November 2024, the turnovers of interest rate swaps and interest rate options were US$8.2 billion and US$0.5 billion, respectively.

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