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Central Bank of the Republic of China

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Taipei Foreign Exchange Market March 2019

Central Bank of the Republic of China ( Taiwan )

PRESS RELEASE                             Release Date: April 22, 2019          

Taipei Foreign Exchange Market March 2019

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$673.3 billion in March 2019. The average daily turnover was US$33.7 billion.

1. By trading counterparty:                       

                                                                                                                                         (USD billions)

Transactions between

banks and customers

Interbank transactions

Amount

%

 

Amount

%

210.9

31.3

With domestic banks

146.6

21.8

With foreign banks

315.8

46.9

Total

462.4 

68.7

 

 

 

 

 

 

 

2. By trading currency:                           

                                                                                                                                          (USD billions)

NTD/foreign currency

Third currency

 

Amount

%

 

Amount

%

NTD/USD

 302.7

45.0

USD/RMB

 91.4

13.6

NTD/other foreign currencies

  12.9

 1.9

EUR/USD

 74.9

11.1

Total

   315.6

  46.9

USD/YEN

 51.6

 7.7

 

AUD/USD

  29.3

   4.4

GBP/USD

  28.9

   4.3

other foreign currencies

  81.6

  12.0

Total

 357.7

  53.1

 

 

 

 

 

 

 

 

 

 

3. By transaction type:                           

                                                                                        (USD billions)

 Items

Amount

%

Foreign exchange swaps

334.9

49.7

Spot transactions

263.7

39.2

Outright forwards

 50.4

 7.5

Options

 19.5

 2.9

Cross currency swaps

  3.9

 0.6

Margin trading

  0.9

 0.1

 

 

 

 

 

 

 

 

4. By trading platform:                           

                                                                                        (USD billions)

Items

Amount

%

Through brokers

237.7

35.3

Direct dealing

435.6

64.7

   

 

 

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In March 2019, the turnovers of interest rate swaps and commodity price swaps & options were US$8.4 billion and US$0.4 billion, respectively.

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