Central Bank of China

PRESS RELEASE Release Date: Aug. 28, 2001




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Trading in the Taipei Foreign Exchange Market in July 2001

The trading in the Taipei foreign exchange market includes all foreign exchange transactions made by authorized foreign exchange banks and offshore banking units. After deducting double counting on the part of interbank transactions, total net trading volume in the market amounted to US$94.6 billion in July 2001. The average daily turnover was US$4.5 billion (Table 1).

In terms of trading partners, transactions between banks and customers accounted for 45.2 percent of total net turnover, with interbank transactions making up the remaining 54.8 percent (Graph 1).

In terms of traded currencies, NT dollar trading against foreign currencies accounted for 62.1 percent of total trading volume, of which the share of NT dollars against US dollars was 58.7 percent (Graph 2).

With respect to types of transactions, spot transactions accounted for the lion's share with 64.0 percent of total turnover, followed by foreign exchange swaps with 14.6 percent, outright forwards with 8.4 percent (Graph 3).

In terms of the way transactions were made, the direct trade accounted for 66.9 percent of the interbank foreign exchange transactions, through money brokers for the remaining 33.1 percent (Graph 4).

In addition to the above-mentioned foreign exchange transactions, there are some other derivatives offered by the authorized foreign exchange banks. The turnover of interest rate swaps, forward rate agreement were US$1,044 million and US$822 million, respectively (Table 2).

Graph & Table[EXCEL][PDF]