Taipei Foreign Exchange Market October 2016
Central Bank of the Republic of China ( Taiwan )
PRESS RELEASE Release Date: November 22, 2016
Taipei Foreign Exchange Market October 2016
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$553.1 billion in October 2016. The average daily turnover was US$27.7 billion.
1. By trading counterparty:
(USD billions)
|
Transactions between banks and customers |
Interbank transactions | |||
|
Amount |
% |
|
Amount |
% |
|
170.7 |
30.9 |
With domestic banks |
137.7 |
24.9 |
|
With foreign banks |
244.7 |
44.2 | ||
|
Total |
382.4 |
69.1 | ||
2. By trading currency:
(USD billions)
|
NTD/foreign currency |
Third currency | ||||
|
|
Amount |
% |
|
Amount |
% |
|
NTD/USD |
264.5 |
47.8 |
USD/RMB |
65.9 |
11.9 |
|
NTD/other foreign currencies |
9.6 |
1.8 |
EUR/USD |
61.2 |
11.1 |
|
Total |
274.1 |
49.6 |
USD/YEN |
55.5 |
10.0 |
|
|
GBP/USD |
24.3 |
4.4 | ||
|
AUD/USD |
23.4 |
4.2 | |||
|
other foreign currencies |
48.7 |
8.8 | |||
|
Total |
279.0 |
50.4 | |||
3. By transaction type:
(USD billions)
|
Items |
Amount |
% |
|
Foreign exchange swaps |
276.0 |
49.9 |
|
Spot transactions |
204.6 |
37.0 |
|
Outright forwards |
41.8 |
7.6 |
|
Options |
26.1 |
4.7 |
|
Cross currency swaps |
3.5 |
0.6 |
|
Margin trading |
1.1 |
0.2 |
4. By trading platform:
(USD billions)
|
Items |
Amount |
% |
|
Through brokers |
170.4 |
30.8 |
|
Direct dealing |
382.7 |
69.2 |
In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In October 2016, the turnovers of interest rate swaps and interest rate options were US$3.4 billion and US$0.4 billion, respectively.