Taiwan’s foreign-exchange reserves fell below $600 billion in October, marking a second monthly decline as the central bank cited intervention and other factors affecting the total.
The Central Bank of the Republic of China (Taiwan) (CBC) reported reserves of $596.437 billion at the end of October, a $4.308 billion reduction from September. September’s $1.159 billion decline brought reserves to $600.745 billion, making October the second consecutive monthly drop.
The CBC cited returns from managing reserves, changes in the U.S.-dollar value of other reserve currencies and its efforts to keep the foreign-exchange market orderly as factors affecting the total. The release did not assign a dollar amount to any one factor. Central News Agency (CNA) reported the bank sold U.S. dollars and bought Taiwan dollars in its intervention.
Foreign portfolio investors’ holdings of Taiwan securities and New Taiwan dollar deposits were valued at $1.7426 trillion at October’s end, equal to 292% of reserves, the CBC said. The comparable September figures were $1.9272 trillion and 321%.
CNA and United Daily News reported that foreign investors made record net remittances of $28 billion in October, including transfers of cash dividends. In a separate Oct. 19 statement, the CBC said foreign investors sold $19.402 billion in Taiwan-listed shares and remitted a net $17.961 billion during Oct. 12-16. The bank cited global market volatility and dividend transfers in describing that period.
The CBC’s daily data show the U.S. dollar closed at NT$31.852 on Sept. 30 and NT$32.478 on Oct. 30. In a written submission to Taiwan’s legislature, the CBC described the economy as small and open, reliant on trade, and served by a foreign-exchange market with limited depth. It said more contained currency movements can help exporters maintain predictable prices and compete for orders.
The CBC scheduled its next foreign-reserves release for Dec. 4, 2026, at 3:20 a.m. ET (08:20 UTC).
