The Central Bank of Taiwan published March 2025 statistics for the Taipei foreign exchange market, covering transactions by authorized foreign exchange banks and offshore banking units. After removing double counting from interbank trades, total net trading volume reached USD 1,021.4 billion, with average daily turnover of USD 48.6 billion. Interbank transactions accounted for USD 748.3 billion (73.3%), split between trading with domestic banks at USD 195.4 billion (19.2%) and with foreign banks at USD 552.9 billion (54.1%), while transactions between banks and customers totalled USD 273.1 billion (26.7%). By currency, New Taiwan dollar pairs represented USD 416.7 billion (40.8%), largely NTD/USD at USD 402.0 billion (39.4%), and third-currency trades totalled USD 604.7 billion (59.2%), led by USD/RMB at USD 171.8 billion (16.8%) and USD/JPY at USD 112.3 billion (11.0%). Foreign exchange swaps were the main instrument at USD 568.7 billion (55.7%), followed by spot transactions at USD 375.6 billion (36.8%); direct dealing comprised USD 675.2 billion (66.1%) versus USD 346.2 billion (33.9%) executed through brokers. Separately, banks recorded interest rate swap turnover of USD 12.2 billion and interest rate option turnover of USD 0.8 billion in March 2025.

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