Foreign Exchange Turnover Report – October 2012

List of tables

Table 1: Foreign Exchange Turnover by Instrument

Table 2: Foreign Exchange Turnover by Instrument and Counterparty

Table 3: Foreign Exchange Turnover by Currency

Table 4: Foreign Exchange Turnover by Currency Pair

Table 5: Maturities by Instrument and Currency

Table 6a: AUD Turnover by Instrument, Counterparty and Currency

Table 6b: USD Turnover by Instrument, Counterparty and Currency

Table 6c: EUR Turnover by Instrument, Counterparty and Currency

Table 1: Foreign Exchange Turnover by Instrumenta,b Daily average (US$m)
  Oct 2012 Apr 2012 Change over six months
  US$m US$m US$m %
a Adjusted for reporting dealer double counting. Daily average for October 2012 calculated on 22 trading days (April 2012 calculated on 18 trading days).

b Totals and sub-totals may not sum due to rounding.

Outright Spot 42,065 42,416 −351 −1
Outright Forwards 9,249 9,309 −60 −1
FX Swaps 128,459 118,382 10,077 9
TRADITIONAL FOREIGN EXCHANGE TURNOVERb 179,773 170,107 9,666 6
Currency Swaps 4,198 3,358 840 25
OTC Options 2,045 2,126 −81 −4
TOTAL TURNOVER 186,016 175,591 10,425 6

Table 2: Foreign Exchange Turnover by Instrument and Counterpartya,b Daily average (US$m)
  Oct 2012 Apr 2012 Change over six months
  US$m US$m US$m %
a Adjusted for reporting dealer double counting. Daily average for October 2012 calculated on 22 trading days (April 2012 calculated on 18 trading days).

b Sub-totals may not sum due to rounding.

Outright Spot 42,065 42,416 −351 −1
Financial Institutions - Local 5,790 6,741 −950 −14
Financial Institutions - Overseas 31,247 30,266 981 3
Non-financial Institutions - Local 4,328 4,592 −264 −6
Non-financial Institutions - Overseas 700 817 −118 −14
Outright Forwards 9,249 9,309 −60 −1
Financial Institutions - Local 2,810 2,822 −12 0
Financial Institutions - Overseas 3,407 4,311 −903 −21
Non-financial Institutions - Local 1,503 1,918 −415 −22
Non-financial Institutions - Overseas 1,529 258 1,271 493
FX Swaps 128,459 118,382 10,077 9
Financial Institutions - Local 24,511 20,867 3,644 17
Financial Institutions - Overseas 96,607 90,442 6,165 7
Non-financial Institutions - Local 4,123 3,884 239 6
Non-financial Institutions - Overseas 3,219 3,189 30 1
Currency Swaps 4,198 3,358 840 25
Financial Institutions - Local 1,567 818 749 92
Financial Institutions - Overseas 2,040 2,017 23 1
Non-financial Institutions - Local 246 320 −75 −23
Non-financial Institutions - Overseas 344 202 143 71
OTC Options 2,045 2,126 −81 −4
Financial Institutions - Local 298 171 127 74
Financial Institutions - Overseas 1,314 1,276 37 3
Non-financial Institutions - Local 297 483 −186 −38
Non-financial Institutions - Overseas 137 196 −59 −30

Table 3: Foreign Exchange Turnover by Currencya Daily average (US$m)
  Oct 2012 Proportion of Totalb Apr 2012 Proportion of Totalb
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for October 2012 calculated on 22 trading days (April 2012 calculated on 18 trading days).

b Proportions sum to 200% as there are two currencies involved in each transaction.

AUD 99,159 53 91,240 52
USD 170,772 92 159,929 91
EUR 30,373 16 29,191 17
OTHER CURRENCIES 71,728 39 70,822 40
TOTAL 186,016   175,591  

Table 4: Foreign Exchange Turnover by Currency Paira Daily average (US$m)
  Oct 2012 Proportion of Total Apr 2012 Proportion of Total
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for October 2012 calculated on 22 trading days (April 2012 calculated on 18 trading days).

b Totals may not sum due to rounding.

AUD/USD 89,454 48 81,253 46
AUD/EUR 2,338 1 2,303 1
AUD/JPY 2,670 1 3,054 2
AUD/GBP 1,308 1 1,606 1
AUD/CHF 203 0 129 0
AUD/CAD 759 0 684 0
AUD/NZD 1,359 1 1,240 1
AUD/SEK 82 0 44 0
AUD/OTHER ASIAN 778 0 740 0
AUD/OTHER EUROPEAN 78 0 58 0
AUD/OTHER 129 0 127 0
EUR/USD 24,556 13 23,372 13
USD/JPY 13,981 8 17,864 10
USD/GBP 9,032 5 8,955 5
USD/CHF 1,460 1 1,737 1
USD/CAD 5,935 3 5,357 3
USD/NZD 15,371 8 13,394 8
USD/SEK 483 0 405 0
USD/OTHER ASIAN 5,630 3 5,243 3
USD/OTHER EUROPEAN 899 0 572 0
USD/OTHER 3,969 2 1,776 1
EUR/JPY 1,309 1 1,353 1
EUR/GBP 919 0 899 1
EUR/CHF 221 0 296 0
EUR/CAD 317 0 195 0
EUR/NZD 232 0 209 0
EUR/SEK 35 0 45 0
EUR/OTHER ASIAN 119 0 131 0
EUR/OTHER EUROPEAN 119 0 140 0
EUR/OTHER 207 0 247 0
RESIDUAL CURRENCIES 2,060 1 2,160 1
TOTALb 186,016 0 175,591 0

Table 5: Maturities by Instrument and Currencya,b Daily average (US$m)
  Seven days or less Seven days to 1 year Over 1 year
  US$m US$m US$m
a Not adjusted for reporter dealer double counting. Daily average for October 2012 calculated on 22 trading days.

b Totals may not sum due to rounding.

c ‘Against USD’ excludes AUD/USD turnover; ‘Against EUR’ excludes AUD/EUR and EUR/USD turnover.

Outright Forwards 3,806 5,557 120
Against AUD 2,361 3,850 59
Against USDc 1,374 1,606 60
Against EURc 28 56 0
OTHER CURRENCIES 44 45 0
FX Swaps 115,239 26,321 453
Against AUD 64,193 15,840 198
Against USDc 50,507 10,152 255
Against EURc 340 173 0
OTHER CURRENCIES 198 156 0
Currency Swaps 280 1,105 3,457
Against AUD 268 883 3,208
Against USDc 12 213 243
Against EURc 0 0 5
OTHER CURRENCIES 0 9 0
OTC Options 793 1,341 52
Against AUD 429 976 39
Against USDc 355 360 12
Against EURc 8 4 2
OTHER CURRENCIES 1 1 0

Table 6a: AUD Turnover by Instrument, Counterparty and Currencya,b Daily average (US$m)
  AUD Against
  USD EUR JPY GBP CHF CAD NZD SEK Other
ASIAN
Other
EUROPEAN
OTHER  TOTAL
a Adjusted for reporting dealer double counting. Daily average for October 2012 calculated on 22 trading days.

b Totals and sub-totals may not sum due to rounding.

Outright Spot 13,316 1,375 824 750 108 494 805 43 468 32 76 18,292
Financial Institutions - Local 2,129 182 104 147 9 68 153 13 71 4 7 2,886
Financial Institutions - Overseas 8,130 609 619 404 81 328 479 3 243 10 13 10,918
Non-financial Institutions - Local 2,890 575 86 195 18 93 159 28 144 19 55 4,261
Non-financial Institutions - Overseas 167 10 15 4 0 5 14 0 10 0 1 226
Outright Forwards 4,579 438 290 270 51 121 123 30 201 32 28 6,162
Financial Institutions - Local 1,370 231 156 175 26 61 33 21 123 18 15 2,229
Financial Institutions - Overseas 1,244 76 62 43 5 29 62 5 45 11 9 1,590
Non-financial Institutions - Local 994 126 71 51 19 31 24 4 32 3 4 1,359
Non-financial Institutions - Overseas 971 4 1 1 1 0 4 0 2 0 0 984
FX Swaps 66,738 447 1,527 244 44 141 347 8 97 11 25 69,630
Financial Institutions - Local 16,395 126 228 70 5 11 110 1 55 0 4 17,005
Financial Institutions - Overseas 46,896 178 831 109 31 108 166 4 24 2 8 48,358
Non-financial Institutions - Local 2,853 86 225 62 9 22 64 2 14 9 6 3,352
Non-financial Institutions - Overseas 594 57 243 2 0 0 8 0 4 0 7 914
Currency Swaps 3,655 32 0 28 0 0 42 0 0 0 0 3,757
Financial Institutions - Local 1,428 1 0 0 0 0 4 0 0 0 0 1,433
Financial Institutions - Overseas 1,767 17 0 0 0 0 18 0 0 0 0 1,803
Non-financial Institutions - Local 191 0 0 0 0 0 19 0 0 0 0 209
Non-financial Institutions - Overseas 269 14 0 28 0 0 0 0 0 0 0 312
OTC Options 1,166 46 30 16 0 3 42 0 12 3 0 1,319
Financial Institutions - Local 235 7 17 5 0 0 12 0 1 1 0 278
Financial Institutions - Overseas 590 38 12 8 0 3 22 0 9 2 0 683
Non-financial Institutions - Local 266 2 0 3 0 0 6 0 1 1 0 278
Non-financial Institutions - Overseas 76 0 2 0 0 0 2 0 0 0 0 80
Total AUD Turnover 89,454 2,338 2,670 1,308 203 759 1,359 82 778 78 129 99,159

Table 6b: USD Turnover by Instrument, Counterparty and Currencya,b,c Daily average (US$m)
  USD Against
  EUR JPY GBP CHF CAD NZD SEK Other
ASIAN
Other
EUROPEAN
OTHER  TOTAL
a Adjusted for reporting dealer double counting. Daily average for October 2012 calculated on 22 trading days.

b Totals and sub-totals may not sum due to rounding.

c USD turnover excludes AUD/USD turnover.

Outright Spot 7,409 2,879 3,699 315 1,332 1,577 53 1,485 93 447 19,288
Financial Institutions - Local 929 358 425 50 228 283 8 137 7 26 2,451
Financial Institutions - Overseas 6,336 2,431 3,249 255 1,077 1,269 38 1,275 83 391 16,405
Non-financial Institutions - Local 16 5 3 0 9 5 0 21 1 4 63
Non-financial Institutions - Overseas 129 85 22 9 17 19 6 53 2 26 369
Outright Forwards 735 460 220 24 163 538 25 602 24 126 2,917
Financial Institutions - Local 167 45 34 2 41 48 2 175 4 33 552
Financial Institutions - Overseas 489 285 161 18 104 160 19 396 16 90 1,737
Non-financial Institutions - Local 26 8 7 4 7 35 0 5 0 0 92
Non-financial Institutions - Overseas 53 122 19 0 11 296 4 26 4 3 536
FX Swaps 15,881 10,461 5,019 1,121 4,434 12,943 405 3,537 783 3,393 57,976
Financial Institutions - Local 2,790 930 586 192 295 2,021 48 374 82 85 7,402
Financial Institutions - Overseas 12,532 8,810 4,104 920 4,105 10,231 129 3,098 499 3,250 47,678
Non-financial Institutions - Local 144 64 20 7 20 429 0 10 1 3 697
Non-financial Institutions - Overseas 415 658 310 1 14 262 228 55 200 56 2,199
Currency Swaps 128 27 22 0 4 245 0 1 0 0 426
Financial Institutions - Local 32 12 6 0 2 82 0 0 0 0 134
Financial Institutions - Overseas 76 15 14 0 2 115 0 1 0 0 223
Non-financial Institutions - Local 14 0 1 0 0 21 0 0 0 0 36
Non-financial Institutions - Overseas 6 0 1 0 0 26 0 0 0 0 33
OTC Options 403 155 72 0 3 69 0 5 0 3 711
Financial Institutions - Local 1 2 0 0 1 13 0 0 0 1 18
Financial Institutions - Overseas 364 149 56 0 1 43 0 5 0 0 618
Non-financial Institutions - Local 5 0 10 0 0 2 0 0 0 1 18
Non-financial Institutions - Overseas 34 3 5 0 1 11 0 1 0 1 57
Total USD Turnoverc 24,556 13,981 9,032 1,460 5,935 15,371 483 5,630 899 3,969 81,318

Table 6c: EUR Turnover by Instrument, Counterparty and Currencya,b,c Daily average (US$m)
  EUR Against  
  JPY GBP CHF CAD NZD SEK Other
ASIAN
Other
EUROPEAN
OTHER  TOTAL RESID-
UALS
GRAND TOTALd
a Adjusted for reporting dealer double counting. Daily average for October 2012 calculated on 22 trading days.

b Totals and sub-totals may not sum due to rounding.

c EUR turnover excludes AUD/EUR and EUR/USD turnover.

d Grand total is the sum of AUD turnover (Table 6a), USD turnover (Table 6b), EUR turnover (Table 6c) and Residuals (Table 6c).

Outright Spot 1,072 800 215 265 170 29 97 109 122 2,879 1,607 42,065
Financial Institutions - Local 79 66 26 7 5 0 0 5 1 190 263 5,790
Financial Institutions - Overseas 958 723 189 256 163 28 96 99 104 2,615 1,309 31,247
Non-financial Institutions - Local 0 1 0 1 1 0 0 0 0 3 1 4,328
Non-financial Institutions - Overseas 36 9 0 1 2 0 1 5 17 71 34 700
Outright Forwards 29 9 3 3 24 0 9 2 3 82 88 9,249
Financial Institutions - Local 3 5 1 1 1 0 4 0 0 16 13 2,810
Financial Institutions - Overseas 26 4 2 3 2 0 4 1 3 44 36 3,407
Non-financial Institutions - Local 0 0 0 0 19 0 0 0 0 20 32 1,503
Non-financial Institutions - Overseas 0 0 0 0 1 0 0 0 0 2 7 1,529
FX Swaps 207 101 3 48 32 6 13 7 82 500 354 128,459
Financial Institutions - Local 47 12 3 7 0 0 2 6 0 76 27 24,511
Financial Institutions - Overseas 93 84 0 40 30 6 12 1 82 349 222 96,607
Non-financial Institutions - Local 65 5 0 1 0 0 0 0 0 71 3 4,123
Non-financial Institutions - Overseas 2 1 0 0 1 0 0 0 0 4 101 3,219
Currency Swaps 0 0 0 0 5 0 0 0 0 5 9 4,198
Financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 1,567
Financial Institutions - Overseas 0 0 0 0 5 0 0 0 0 5 9 2,040
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 246
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 344
OTC Options 0 9 0 0 1 0 0 2 0 13 3 2,045
Financial Institutions - Local 0 1 0 0 0 0 0 0 0 1 0 298
Financial Institutions - Overseas 0 8 0 0 1 0 0 2 0 11 2 1,314
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 1 297
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 137
Total EUR Turnoverc 1,309 919 221 317 232 35 119 119 207 3,479 2,060 186,016