OREANDA-NEWS.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\$666.9 billion in December 2014. The average daily turnover was US\$27.8 billion.

1. By trading counterparty:                                                                                                                                                                           (USD billions ,%)

Transactions between banks and customers

Interbank transactions

Amount

%

Amount

%

190

28.5

With domestic banks

146.4

21.9

With foreign banks

330.5

49.6

Total

476.9

71.5

 

 

 

 

2.By trading currency:                    

 (USD billions ,%)

 NTD/foreign currency

Third currency

Amount

%

Amount

%

NTD/USD

265.1

39.8

USD/YEN

103.0

15.4

NTD/other foreign currencies

 12.9

 1.9

USD/RMB

102.8

15.4

Total

 278.0

 41.7

EUR/USD

 82.5

12.4

AUD/USD

  27.9

   4.2

GBP/USD

  20.4

   3.1

other foreign currencies

  52.3

   7.8

Total

 388.9

  58.3

 

 

 

 

 

 

 3.By transaction type:                        

(USD billions ,%)

 Items

Amount

%

Foreign exchange swaps

278.7

41.8

Spot transactions

272.3

40.8

Options

 69.0

10.3

Outright forwards

 40.3

 6.1

Cross currency swaps

  3.9

 0.6

Margin trading

  2.7

 0.4

 

 

 

 

 4.By trading platform:                      

 (USD billions ,%)

 Items

Amount

%

Through brokers

147.4

22.1

Direct dealing

519.5

77.9

 

 

 

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In December 2014, the turnovers of interest rate swaps and commodity price swaps ? options were US\$4.1 billion and US\$0.2 billion, respectively.