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$568.6 billion in April 2016. The average daily turnover was US$29.9 billion.

In addition to the above-mentioned foreign exchange transactions, other derivative products were also offered by banks. In April 2016, the turnovers of interest rate swaps and interest rate options were US$3.3 billion and US$0.8 billion, respectively.