Semi-Annual Report on Foreign Exchange Turnover – October 2005
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: Foreign Exchange Turnover by Instrument, Counterparty and Currency
Oct 2005
|
Apr 2005
|
Change over six months
|
||
|---|---|---|---|---|
US$m
|
US$m
|
US$m
|
%
|
|
| Outright Spot |
36,076
|
30,377
|
5,699
|
18.8
|
| Outright Forwards |
7,197
|
7,084
|
113
|
1.6
|
| FX Swaps |
71,025
|
70,434
|
591
|
0.8
|
| TRADITIONAL FOREIGN EXCHANGE TURNOVER |
114,298
|
107,894
|
6,403
|
5.9
|
| OTC Options |
2,143
|
2,529
|
-386
|
-15.3
|
| TOTAL TURNOVER |
116,441
|
110,423
|
6,018
|
5.4
|
| a Adjusted for reporting dealer double counting. Daily average for October 2005 calculated on 19 trading days (April 2005 calculated on 19 trading days). | ||||
| b Totals and sub-totals may not sum due to rounding. | ||||
Oct 2005
|
Apr 2005
|
Change over six months
|
||
|---|---|---|---|---|
US$m
|
US$m
|
US$m
|
%
|
|
| Outright Spot |
36,076
|
30,377
|
5,699
|
18.8
|
| Financial Institutions - Local |
6,893
|
5,831
|
1,062
|
18.2
|
| Financial Institutions - Overseas |
24,637
|
20,323
|
4,313
|
21.2
|
| Non-financial Institutions - Local |
2,952
|
2,804
|
148
|
5.3
|
| Non-financial Institutions - Overseas |
1,594
|
1,418
|
176
|
12.4
|
| Outright Forwards |
7,197
|
7,084
|
113
|
1.6
|
| Financial Institutions - Local |
1,620
|
1,758
|
-138
|
-7.8
|
| Financial Institutions - Overseas |
3,968
|
3,876
|
92
|
2.4
|
| Non-financial Institutions - Local |
1,302
|
1,229
|
73
|
6.0
|
| Non-financial Institutions - Overseas |
306
|
221
|
85
|
38.6
|
| FX Swaps |
71,025
|
70,434
|
591
|
0.8
|
| Financial Institutions - Local |
20,264
|
22,608
|
-2,344
|
-10.4
|
| Financial Institutions - Overseas |
46,395
|
43,451
|
2,944
|
6.8
|
| Non-financial Institutions - Local |
2,842
|
2,768
|
74
|
2.7
|
| Non-financial Institutions - Overseas |
1,524
|
1,607
|
-83
|
-5.2
|
| OTC Options |
2,143
|
2,529
|
-386
|
-15.3
|
| Financial Institutions - Local |
241
|
260
|
-19
|
-7.2
|
| Financial Institutions - Overseas |
1,306
|
1,389
|
-84
|
-6.0
|
| Non-financial Institutions - Local |
254
|
278
|
-24
|
-8.6
|
| Non-financial Institutions - Overseas |
342
|
602
|
-260
|
-43.2
|
| a Adjusted for reporting dealer double counting. Daily average for October 2005 calculated on 19 trading days (April 2005 calculated on 19 trading days). | ||||
| b Sub-totals may not sum due to rounding. | ||||
Oct 2005 US$m |
Proportion of Totalb%
|
Apr 2005 US$m |
Proportion of Totalb%
|
|
|---|---|---|---|---|
| AUD |
55,070
|
47.3
|
55,760
|
50.5
|
| USD |
105,551
|
90.6
|
100,576
|
91.1
|
| OTHER CURRENCIES |
72,260
|
62.1
|
64,510
|
58.4
|
| TOTAL |
116,441
|
110,423
|
||
| a Adjusted for reporting dealer double counting. Daily average for October 2005 calculated on 19 trading days (April 2005 calculated on 19 trading days). | ||||
| b Proportions sum to 200% as there are two currencies involved in each transaction. | ||||
Oct 2005 US$m |
Proportion of Total % |
Apr 2005 US$m |
Proportion of Total % |
|
|---|---|---|---|---|
| AUD/USD |
48,550
|
41.7
|
49,691
|
45.0
|
| AUD/JPY |
1,724
|
1.5
|
1,294
|
1.2
|
| AUD/NZD |
1,198
|
1.0
|
1,010
|
0.9
|
| AUD/OTHER |
3,599
|
3.1
|
3,765
|
3.4
|
| EUR/USD |
17,962
|
15.4
|
17,686
|
16.0
|
| USD/JPY |
10,701
|
9.2
|
10,952
|
9.9
|
| USD/NZD |
9,810
|
8.4
|
8,611
|
7.8
|
| USD/OTHER |
18,528
|
15.9
|
13,637
|
12.3
|
| RESIDUAL CURRENCIES |
4,369
|
3.8
|
3,777
|
3.4
|
| TOTALb |
116,441
|
110,423
|
||
| a Adjusted for reporting dealer double counting. Daily average for October 2005 calculated on 19 trading days (April 2005 calculated on 19 trading days). | ||||
| b Totals may not sum due to rounding. | ||||
| AUD Against | USD Against | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
USD
|
JPY
|
NZD
|
OTHER
|
TOTAL
|
EUR
|
JPY
|
NZD
|
OTHER
|
TOTAL
|
RESID- UALS |
GRAND TOTAL
|
|
| Outright Spot |
9,934
|
622
|
706
|
2,207
|
13,469
|
8,523
|
3,725
|
2,031
|
5,581
|
19,860
|
2,747
|
36,076
|
| Financial Institutions - Local |
3,093
|
107
|
159
|
302
|
3,660
|
1,103
|
544
|
453
|
978
|
3,079
|
154
|
6,893
|
| Financial Institutions - Overseas |
4,815
|
393
|
411
|
1,009
|
6,628
|
6,787
|
2,917
|
1,471
|
4,441
|
15,616
|
2,393
|
24,637
|
| Non-financial Institutions - Local |
1,655
|
91
|
102
|
861
|
2,709
|
132
|
35
|
20
|
38
|
225
|
19
|
2,952
|
| Non-financial Institutions - Overseas |
371
|
31
|
34
|
36
|
472
|
501
|
229
|
86
|
124
|
941
|
181
|
1,594
|
| Outright Forwards |
3,436
|
131
|
174
|
370
|
4,111
|
768
|
409
|
532
|
1,125
|
2,834
|
252
|
7,197
|
| Financial Institutions - Local |
1,313
|
23
|
19
|
57
|
1,412
|
63
|
17
|
83
|
38
|
201
|
7
|
1,620
|
| Financial Institutions - Overseas |
1,240
|
41
|
51
|
107
|
1,439
|
621
|
351
|
394
|
957
|
2,323
|
207
|
3,968
|
| Non-financial Institutions - Local |
823
|
66
|
77
|
196
|
1,161
|
40
|
20
|
30
|
36
|
125
|
16
|
1,302
|
| Non-financial Institutions - Overseas |
60
|
2
|
27
|
10
|
99
|
45
|
20
|
25
|
94
|
184
|
23
|
306
|
| FX Swaps |
34,010
|
854
|
212
|
914
|
35,989
|
8,452
|
6,456
|
7,150
|
11,696
|
33,754
|
1,282
|
71,025
|
| Financial Institutions - Local |
12,351
|
305
|
101
|
198
|
12,954
|
1,473
|
1,121
|
2,124
|
1,950
|
6,668
|
642
|
20,264
|
| Financial Institutions - Overseas |
19,364
|
281
|
12
|
217
|
19,873
|
6,795
|
5,193
|
4,853
|
9,517
|
26,359
|
163
|
46,395
|
| Non-financial Institutions - Local |
1,826
|
106
|
73
|
462
|
2,466
|
115
|
74
|
79
|
84
|
352
|
24
|
2,842
|
| Non-financial Institutions - Overseas |
470
|
161
|
27
|
38
|
696
|
69
|
68
|
93
|
145
|
376
|
452
|
1,524
|
| OTC Options |
1,170
|
117
|
106
|
108
|
1,501
|
219
|
110
|
97
|
126
|
553
|
89
|
2,143
|
| Financial Institutions - Local |
138
|
26
|
28
|
3
|
196
|
17
|
13
|
6
|
7
|
43
|
2
|
241
|
| Financial Institutions - Overseas |
844
|
79
|
29
|
43
|
996
|
78
|
65
|
27
|
67
|
237
|
73
|
1,306
|
| Non-financial Institutions - Local |
126
|
2
|
9
|
8
|
146
|
35
|
16
|
30
|
19
|
101
|
8
|
254
|
| Non-financial Institutions - Overseas |
62
|
9
|
40
|
53
|
165
|
89
|
16
|
33
|
33
|
171
|
6
|
342
|
| Total Turnover |
48,550
|
1,724
|
1,198
|
3,599
|
55,070
|
17,962
|
10,701
|
9,810
|
18,528
|
57,001
|
4,369
|
116,441
|
| a Adjusted for reporting dealer double counting. Daily average for October 2005 calculated on 19 trading days (April 2005 calculated on 19 trading days). | ||||||||||||
| b Totals and sub-totals may not sum due to rounding. | ||||||||||||