Central Bank of China

PRESS RELEASE Release Date: Aug.31, 2004



Trading Activity in the Taipei Foreign Exchange Market in July 2004

The trading activity in 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$203.5 billion in July 2004. The average daily turnover was US$9.25 billion (Table 1).

Transactions between banks and customers accounted for 30.6 percent of total net turnover, with interbank transactions making up the remaining 69.4 percent (Graph 1).

NT dollar/foreign currency trading accounted for 45.7 percent of total trading volume, of which the share of NTD/USD trades was 43.2 percent (Graph 2).

Spot transactions accounted for the lion’s share with 50.3 percent of total turnover followed by options with 12.1 percent and foreign exchange swaps with 26.4 percent (Graph 3).

Direct trades accounted for 70.9 percent of all interbank foreign exchange transactions, and the remaining 29.1 percent was through money brokers (Graph 4).

In addition to the above-mentioned foreign exchange transactions, other derivatives were also offered by authorized foreign exchange banks. The turnovers of interest rate swaps and interest rate options were US$4,169 million and US$1,010 million, respectively (Table 2).

　

Graphs & Tables[EXCEL][PDF]