The Central Bank of Taiwan published February 2025 statistics for the Taipei foreign exchange market, covering all foreign exchange transactions by authorized foreign exchange banks and offshore banking units. After eliminating double counting from interbank transactions, total net trading volume reached USD 895.6 billion, with average daily turnover of USD 44.8 billion. Customer transactions totalled USD 234.5 billion (26.2%), while interbank trading totalled USD 661.1 billion (73.8%), comprising USD 171.0 billion with domestic banks (19.1%) and USD 490.1 billion with foreign banks (54.7%). By currency, New Taiwan dollar pairs totalled USD 360.9 billion (40.3%), dominated by NTD/USD at USD 348.1 billion (38.9%), while third-currency trading totalled USD 534.7 billion (59.7%), led by USD/RMB at USD 148.9 billion (16.6%) and USD/JPY at USD 81.4 billion (9.1%). Foreign exchange swaps accounted for USD 515.3 billion (57.5%) and spot transactions for USD 310.2 billion (34.6%); trading was conducted mainly through direct dealing at USD 608.1 billion (67.9%), versus USD 287.5 billion (32.1%) through brokers. The release also reports bank turnover in interest rate derivatives of USD 8.7 billion in interest rate swaps and USD 0.7 billion in interest rate options.

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