Central Bank of China

PRESS RELEASE Release Date: Oct. 31, 2002




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Trading in the Taipei Foreign Exchange Market in Sep. 2002

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$109.5 billion in Sep. 2002. The average daily turnover was US$5.5 billion (Table 1).

In terms of trading partners, transactions between banks and customers accounted for 34.8 percent of total net turnover, with interbank transactions making up the remaining 65.2 percent (Graph 1).

In terms of traded currencies, NT dollar trading against foreign currencies accounted for 48.6 percent of total trading volume, of which the share of NT dollars against US dollars was 44.7 percent (Graph 2).

With respect to types of transactions, spot transactions accounted for the lion's share with 62.9 percent of total turnover, followed by foreign exchange swaps with 15.2 percent, Options with 11.0 percent (Graph 3).

In terms of the way transactions were made, the direct trade accounted for 75.1 percent of the interbank foreign exchange transactions, through money brokers for the remaining 24.9 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 forward rate agreement, interest rate swaps were US$2,900 million and US$1,489.2 million, respectively (Table 2).

Graph & Table [EXCEL][PDF]