Foreign Exchange Turnover Report – October 2014

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,c Daily average (US$m)
  Oct 2014 Apr 2014 Change over six months
  US$m US$m US$m %
a Adjusted for reporting dealer double counting. Daily average for October 2014 calculated on 22 trading days (April 2014 calculated on 19 trading days).

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

c Data are correct as at 27 January 2015 and are not subject to revision.

Outright Spot 43,687 42,807 880 2
Outright Forwards 11,766 11,057 709 6
FX Swaps 88,945 115,224 −26,279 −23
TRADITIONAL FOREIGN EXCHANGE TURNOVERb 144,398 169,088 −24,690 −15
Currency Swaps 4,355 5,160 −805 −16
OTC Options 1,534 1,242 291 23
TOTAL TURNOVER 150,286 175,491 −25,204 −14

Table 2: Foreign Exchange Turnover by Instrument and Counterpartya,b,c Daily average (US$m)
  Oct 2014 Apr 2014 Change over six months
  US$m US$m US$m %
a Adjusted for reporting dealer double counting. Daily average for October 2014 calculated on 22 trading days (April 2014 calculated on 19 trading days).

b Sub-totals may not sum due to rounding.

c Data are correct as at 27 January 2015 and are not subject to revision.

Outright Spot 43,687 42,807 880 2
Financial Institutions - Local 4,410 5,725 −1,315 −23
Financial Institutions - Overseas 36,936 34,284 2,652 8
Non-financial Institutions - Local 1,524 1,908 −384 −20
Non-financial Institutions - Overseas 817 890 −73 −8
Outright Forwards 11,766 11,057 709 6
Financial Institutions - Local 4,351 4,286 65 2
Financial Institutions - Overseas 5,158 4,372 786 18
Non-financial Institutions - Local 1,582 1,656 −74 −4
Non-financial Institutions - Overseas 675 743 −68 −9
FX Swaps 88,945 115,224 −26,279 −23
Financial Institutions - Local 19,616 28,878 −9,262 −32
Financial Institutions - Overseas 67,336 83,797 −16,461 −20
Non-financial Institutions - Local 681 1,061 −380 −36
Non-financial Institutions - Overseas 1,312 1,488 −176 −12
Currency Swaps 4,355 5,160 −805 −16
Financial Institutions - Local 1,493 1,490 2 0
Financial Institutions - Overseas 2,830 3,572 −741 −21
Non-financial Institutions - Local 24 78 −54 −69
Non-financial Institutions - Overseas 8 21 −12 −60
OTC Options 1,534 1,242 291 23
Financial Institutions - Local 115 86 29 34
Financial Institutions - Overseas 1,293 1,012 281 28
Non-financial Institutions - Local 93 108 −15 −14
Non-financial Institutions - Overseas 32 36 −4 −11

Table 3: Foreign Exchange Turnover by Currencya,b Daily average (US$m)
  Oct 2014 Proportion of Totalc Apr 2014 Proportion of Totalc
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for October 2014 calculated on 22 trading days (April 2014 calculated on 19 trading days).

b Data are correct as at 27 January 2015 and are not subject to revision.

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

AUD 75,853 50 89,990 51
USD 137,061 91 159,011 91
EUR 21,899 15 30,361 17
OTHER CURRENCIES 65,760 44 71,619 41
TOTAL 150,286   175,491  

Table 4: Foreign Exchange Turnover by Currency Paira,b Daily average (US$m)
  Oct 2014 Proportion of Total Apr 2014 Proportion of Total
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for October 2014 calculated on 22 trading days (April 2014 calculated on 19 trading days).

b Data are correct as at 27 January 2015 and are not subject to revision.

c Totals may not sum due to rounding.

AUD/USD 67,505 45 79,838 45
AUD/EUR 2,319 2 2,637 2
AUD/JPY 2,624 2 3,045 2
AUD/GBP 1,146 1 1,385 1
AUD/CHF 123 0 268 0
AUD/CAD 273 0 629 0
AUD/NZD 1,276 1 1,377 1
AUD/SEK 71 0 52 0
AUD/OTHER ASIAN 337 0 641 0
AUD/OTHER EUROPEAN 89 0 64 0
AUD/OTHER 89 0 53 0
EUR/USD 16,513 11 24,145 14
USD/JPY 17,048 11 16,428 9
USD/GBP 8,612 6 8,984 5
USD/CHF 1,404 1 1,744 1
USD/CAD 4,012 3 3,554 2
USD/NZD 15,093 10 14,891 8
USD/SEK 495 0 1,019 1
USD/OTHER ASIAN 3,988 3 5,440 3
USD/OTHER EUROPEAN 531 0 1,198 1
USD/OTHER 1,859 1 1,770 1
EUR/JPY 969 1 1,110 1
EUR/GBP 688 0 873 0
EUR/CHF 116 0 344 0
EUR/CAD 165 0 128 0
EUR/NZD 205 0 320 0
EUR/SEK 124 0 149 0
EUR/OTHER ASIAN 174 0 146 0
EUR/OTHER EUROPEAN 260 0 317 0
EUR/OTHER 366 0 193 0
RESIDUAL CURRENCIES 1,810 1 2,749 2
TOTALc 150,286   175,491  

Table 5: Maturities by Instrument and Currencya,b,c 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 reporting dealer double counting. Daily average for October 2014 calculated on 22 trading days.

b Totals may not sum due to rounding.

c Data are correct as at 27 January 2015 and are not subject to revision.

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

Outright Forwards 4,249 7,712 149
Against AUD 2,857 5,362 74
Against USDd 1,300 2,147 69
Against EURd 50 78 7
OTHER CURRENCIES 41 124 0
FX Swaps 88,494 15,381 240
Against AUD 50,301 9,203 117
Against USDd 37,635 5,870 122
Against EURd 400 218 0
OTHER CURRENCIES 158 90 0
Currency Swaps 0 1,305 4,254
Against AUD 0 1,255 3,826
Against USDd 0 46 428
Against EURd 0 0 0
OTHER CURRENCIES 0 4 0
OTC Options 288 1,219 122
Against AUD 156 618 81
Against USDd 123 570 40
Against EURd 0 14 1
OTHER CURRENCIES 8 16 0

Table 6a: AUD Turnover by Instrument, Counterparty and Currencya,b,c 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 2014 calculated on 19 trading days.

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

c Data are correct as at 27 January 2015 and are not subject to revision.

Outright Spot 10,346 1,002 820 543 34 129 698 12 128 16 32 13,760
Financial Institutions - Local 1,313 183 96 102 13 15 110 4 40 8 17 1,902
Financial Institutions - Overseas 7,754 736 701 352 12 86 539 6 61 6 7 10,260
Non-financial Institutions - Local 1,178 74 18 89 9 28 44 1 26 1 7 1,476
Non-financial Institutions - Overseas 101 9 5 1 0 1 4 0 1 0 0 123
Outright Forwards 5,864 687 535 332 61 109 202 51 164 63 36 8,104
Financial Institutions - Local 2,298 462 314 200 55 72 52 35 127 41 21 3,676
Financial Institutions - Overseas 2,240 109 144 46 4 17 136 14 21 19 9 2,758
Non-financial Institutions - Local 1,108 112 77 86 2 20 12 2 16 3 6 1,445
Non-financial Institutions - Overseas 218 5 0 0 0 0 1 0 0 0 0 225
FX Swaps 46,775 560 1,228 242 27 33 294 9 45 10 20 49,244
Financial Institutions - Local 12,809 183 178 172 19 22 124 6 37 7 4 13,561
Financial Institutions - Overseas 33,329 291 661 40 7 5 151 1 2 2 13 34,502
Non-financial Institutions - Local 445 65 55 31 1 5 18 2 6 2 2 633
Non-financial Institutions - Overseas 192 21 334 0 0 0 2 0 0 0 0 548
Currency Swaps 3,903 36 0 19 0 0 2 0 1 0 0 3,960
Financial Institutions - Local 1,409 0 0 0 0 0 1 0 0 0 0 1,410
Financial Institutions - Overseas 2,490 14 0 19 0 0 1 0 1 0 0 2,524
Non-financial Institutions - Local 2 22 0 0 0 0 0 0 0 0 0 24
Non-financial Institutions - Overseas 3 0 0 0 0 0 0 0 0 0 0 3
OTC Options 616 33 41 10 0 2 80 0 0 0 2 784
Financial Institutions - Local 80 2 4 2 0 0 2 0 0 0 0 89
Financial Institutions - Overseas 470 25 29 6 0 0 74 0 0 0 1 604
Non-financial Institutions - Local 63 6 4 2 0 2 0 0 0 0 1 78
Non-financial Institutions - Overseas 3 0 5 0 0 0 5 0 0 0 0 13
Total AUD Turnover 67,505 2,319 2,624 1,146 123 273 1,276 71 337 89 89 75,853

Table 6b: USD Turnover by Instrument, Counterparty and Currencya,b,c,d 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 2014 calculated on 19 trading days.

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

c Data are correct as at 27 January 2015 and are not subject to revision.

d USD turnover excludes AUD/USD turnover

Outright Spot 8,625 7,293 3,397 457 1,252 2,699 83 1,627 305 483 26,222
Financial Institutions - Local 564 613 454 36 151 254 3 166 5 14 2,260
Financial Institutions - Overseas 7,784 6,543 2,894 421 1,083 2,409 77 1,403 289 423 23,326
Non-financial Institutions - Local 12 3 3 0 2 8 0 15 0 3 45
Non-financial Institutions - Overseas 266 134 46 0 16 28 3 44 10 42 591
Outright Forwards 590 659 183 20 91 915 19 818 9 66 3,370
Financial Institutions - Local 153 97 34 7 15 66 11 184 0 4 570
Financial Institutions - Overseas 395 543 137 13 55 461 8 574 9 54 2,248
Non-financial Institutions - Local 21 13 10 0 20 12 0 38 0 7 121
Non-financial Institutions - Overseas 21 7 2 0 2 377 0 21 0 2 431
FX Swaps 6,921 8,908 4,934 924 2,655 11,114 394 1,492 217 1,297 38,857
Financial Institutions - Local 1,119 973 1,499 85 203 1,534 77 280 36 110 5,917
Financial Institutions - Overseas 5,681 7,752 3,394 837 2,422 9,331 301 1,204 141 1,124 32,187
Non-financial Institutions - Local 11 6 2 1 7 7 0 2 0 1 37
Non-financial Institutions - Overseas 110 177 39 0 23 241 15 5 41 62 715
Currency Swaps 57 18 82 0 6 223 0 4 0 0 391
Financial Institutions - Local 0 0 23 0 0 59 0 0 0 0 82
Financial Institutions - Overseas 56 18 60 0 5 164 0 3 0 0 307
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0
Non-financial Institutions - Overseas 1 0 0 0 0 0 0 1 0 0 2
OTC Options 319 169 15 3 8 142 0 47 0 13 716
Financial Institutions - Local 2 2 1 0 0 9 0 6 0 0 20
Financial Institutions - Overseas 312 168 13 3 8 116 0 40 0 3 663
Non-financial Institutions - Local 3 0 1 0 0 2 0 1 0 9 15
Non-financial Institutions - Overseas 2 0 0 0 0 15 0 0 0 1 19
Total USD Turnoverd 16,513 17,048 8,612 1,404 4,012 15,093 495 3,988 531 1,859 69,556

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 RESIDUALS GRAND TOTALe
a Adjusted for reporting dealer double counting. Daily average for October 2014 calculated on 19 trading days.

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

c Data are correct as at 27 January 2015 and are not subject to revision.

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

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

Outright Spot 702 602 107 126 104 110 137 257 175 2,320 1,385 43,687
Financial Institutions - Local 50 40 4 9 21 3 0 3 3 133 115 4,410
Financial Institutions - Overseas 640 544 103 116 81 103 135 244 156 2,123 1,227 36,936
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 1 2 1,524
Non-financial Institutions - Overseas 12 17 0 1 2 4 2 10 15 63 40 817
Outright Forwards 36 29 5 0 21 4 33 2 0 131 161 11,766
Financial Institutions - Local 4 5 1 0 14 0 20 0 0 44 62 4,351
Financial Institutions - Overseas 32 12 2 0 6 4 8 2 0 66 86 5,158
Non-financial Institutions - Local 0 12 1 0 1 0 0 0 0 14 2 1,582
Non-financial Institutions - Overseas 0 0 0 0 1 0 6 0 0 7 12 675
FX Swaps 226 53 4 38 78 9 4 2 191 606 238 88,945
Financial Institutions - Local 69 4 1 0 14 0 4 0 0 92 45 19,616
Financial Institutions - Overseas 125 49 3 38 45 9 0 2 185 456 191 67,336
Non-financial Institutions - Local 9 0 0 0 0 0 0 0 0 10 1 681
Non-financial Institutions - Overseas 23 1 0 0 18 0 0 0 7 49 1 1,312
Currency Swaps 0 0 0 0 0 0 0 0 0 0 4 4,355
Financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 1,493
Financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 2,830
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 24
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 4 8
OTC Options 5 4 0 0 2 0 0 0 0 11 22 1,534
Financial Institutions - Local 4 0 0 0 0 0 0 0 0 4 2 115
Financial Institutions - Overseas 1 4 0 0 1 0 0 0 0 6 20 1,293
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 93
Non-financial Institutions - Overseas 0 0 0 0 1 0 0 0 0 1 0 32
Total EUR Turnoverd 969 688 116 165 205 124 174 260 366 3,068 1,810 150,286