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Taipei Foreign Exchange Market January 2025

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                                    Release Date: February 24, 2025                      

Taipei Foreign Exchange Market January 2025

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$844.0 billion in January 2025. The average daily turnover was US$49.6 billion.

 

1.By trading counterparty:(USD billions)

Transactions between banks and customers

Interbank transactions

Amount

%

 

Amount

%

213.5

25.3

With domestic banks

 162.2

19.2

With foreign banks

 468.3

55.5

Total

 630.5

74.7

 

2.By trading currency:(USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

  318.2

 37.7

USD/RMB

169.2

 20.0

NTD/Other foreign currencies

   11.4

  1.3

USD/YEN

 78.4

  9.3

Total

  329.6

 39.0

EUR/USD

 71.2

  8.4

 

AUD/USD

 47.8

  5.7

GBP/USD

 21.7

  2.6

Other foreign currencies

126.1

 15.0

Total

514.4

 61.0

 

3.By transaction type: (USD billions)

 Items

Amount

%

Foreign exchange swaps

461.9

54.7

Spot transactions

308.8

36.6

Outright forwards

 42.2

 5.0

Options

 27.5

 3.2

Cross currency swaps

  3.2

 0.4

Margin trading

  0.4

 0.1

 

4.By trading platform:(USD billions)

Items

Amount

%

Through brokers

 249.8

29.6

Direct dealing

 594.2

70.4

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In January 2025, the turnovers of interest rate swaps and interest rate options were US$8.2 billion and US$0.6 billion, respectively.

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