Trading Activity in the Taipei Foreign Exchange Market in Feb.2004
Central Bank of China
PRESS RELEASE Release Date: Apr. 1, 2004
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Trading Activity in the Taipei Foreign Exchange Market in Feb. 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$210.1
billion in Feb. 2004. The average daily turnover was US$10.5 billion (Table 1).
Transactions between banks and customers accounted for 32.5 percent of total net
turnover, with interbank transactions making up the remaining 67.5 percent
(Graph 1).
NT dollar/foreign currency trading accounted for 49.1 percent of total trading
volume, of which the share of NT dollars against US dollars was 46.5 percent
(Graph 2).
Spot transactions accounted for the lion's share with 49.9 percent of total
turnover, followed by options with 16.4 percent, foreign exchange swaps with
19.1 percent (Graph 3).
Direct trades accounted for 72.9 percent of all interbank foreign exchange
transactions, and the remaining 27.1 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, interest rate options were US$7,993.5 million
and US$2,968.4 million, respectively (Table 2).
Tables & Graphs [EXCEL][PDF]