The Central Bank of Taiwan published its January 2025 statistics for the Taipei foreign exchange market, which covers foreign exchange transactions by authorized foreign exchange banks and offshore banking units. After eliminating double counting from interbank transactions, total net trading volume was USD 844.0 billion, with average daily turnover of USD 49.6 billion. Interbank transactions accounted for USD 630.5 billion (74.7%), comprising trades with foreign banks of USD 468.3 billion (55.5%) and with domestic banks of USD 162.2 billion (19.2%), while transactions between banks and customers totaled USD 213.5 billion (25.3%). By currency, NTD/foreign currency pairs totaled USD 329.6 billion (39.0%), led by NTD/USD at USD 318.2 billion (37.7%), while third-currency pairs totaled USD 514.4 billion (61.0%), led by USD/RMB at USD 169.2 billion (20.0%). Foreign exchange swaps were the largest transaction type at USD 461.9 billion (54.7%), followed by spot transactions at USD 308.8 billion (36.6%); direct dealing accounted for USD 594.2 billion (70.4%) versus USD 249.8 billion (29.6%) through brokers. Separately, banks recorded turnover of USD 8.2 billion in interest rate swaps and USD 0.6 billion in interest rate options.

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