New Taiwan Dollar-Linked Versus Third-Currency FX Trading, July 2025

Shares of US$1,057.5B in Taipei FX turnover by New Taiwan dollar involvement; July 2025.

What the Data Shows

Taipei foreign-exchange turnover is split by whether a transaction involved the New Taiwan dollar in July 2025. The two groups reconcile to the official market total of US$1,057.5B. Third-currency pairs accounted for 61.1%, equal to US$645.7B. New Taiwan dollar-linked pairs represented 38.9%, or US$411.8B.

Data table

Unit: percent of total FX turnover · Period: July 2025

RankEntryValuePeriod
1Third-currency pairs61.1%July 2025
2New Taiwan dollar-linked pairs38.9%July 2025

Sources

Source 1: Taipei foreign-exchange market composition, July 2025

Publisher: Central Bank of the Republic of China (Taiwan)

Dataset/table: Taipei foreign-exchange market composition, July 2025

Units: percent of total FX turnover

Date checked: 2026-07-18

Evidence: Provides the complete currency-pair distribution needed to separate New Taiwan dollar-linked and third-currency turnover.

Data notes & caveats

Third-currency trading exchanges two currencies other than the New Taiwan dollar. Both groups reconcile to the full July FX market total.

Methodology

NTD/USD and NTD/other-currency turnover were combined as New Taiwan dollar-linked trading. All remaining published currency-pair turnover forms the third-currency group.

Source consistency notes

All inputs use one central-bank release, July 2025, the same US-dollar valuation and complete currency-pair universe.

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