The Central Bank of the Republic of China (Taiwan) published December 2024 statistics for the Taipei foreign exchange market, covering foreign exchange transactions conducted by authorized foreign exchange banks and offshore banking units. After removing double counting from interbank activity, total net trading volume reached USD 908.3 billion, with average daily turnover of USD 41.3 billion. Interbank transactions accounted for USD 645.5 billion (71.1%) of net turnover, including USD 181.6 billion (20.0%) with domestic banks and USD 463.9 billion (51.1%) with foreign banks, while transactions between banks and customers totaled USD 262.8 billion (28.9%). By currency, NTD/foreign currency pairs totaled USD 393.7 billion (43.4%), driven by NTD/USD at USD 379.5 billion (41.8%), while third-currency trading totaled USD 514.6 billion (56.6%), led by USD/RMB at USD 153.4 billion (16.9%) and other foreign currencies at USD 152.4 billion (16.8%). By instrument, foreign exchange swaps dominated at USD 479.6 billion (52.8%), followed by spot transactions at USD 342.2 billion (37.6%); direct dealing represented USD 622.2 billion (68.5%) versus USD 286.1 billion (31.5%) through brokers. Separately, banks reported USD 5.0 billion in interest rate swaps turnover and USD 0.2 billion in equity swaps and options.

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