Semi-Annual Report on Foreign Exchange Turnover – APRIL 2006
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
Apr 2006
|
Oct 2005
|
Change over six months
|
||
|---|---|---|---|---|
US$m
|
US$m
|
US$m
|
%
|
|
| Outright Spot |
53,982
|
36,076
|
17,906
|
49.6
|
| Outright Forwards |
11,290
|
7,197
|
4,093
|
56.9
|
| FX Swaps |
90,032
|
71,025
|
19,007
|
26.8
|
| TRADITIONAL FOREIGN EXCHANGE TURNOVER |
155,303
|
114,298
|
41,005
|
35.9
|
| OTC Options |
3,524
|
2,143
|
1,381
|
64.4
|
| TOTAL TURNOVER |
158,827
|
116,441
|
42,386
|
36.4
|
| a Adjusted for reporting dealer double counting. Daily average for April 2006 calculated on 17 trading days (October 2005 calculated on 19 trading days). | ||||
| b Totals and sub-totals may not sum due to rounding. | ||||
Apr 2006
|
Oct 2005
|
Change over six months
|
||
|---|---|---|---|---|
US$m
|
US$m
|
US$m
|
%
|
|
| Outright Spot |
53,982
|
36,076
|
17,906
|
49.6
|
| Financial Institutions - Local |
7,700
|
6,893
|
808
|
11.7
|
| Financial Institutions - Overseas |
41,128
|
24,637
|
16,491
|
66.9
|
| Non-financial Institutions - Local |
3,590
|
2,952
|
637
|
21.6
|
| Non-financial Institutions - Overseas |
1,564
|
1,594
|
-30
|
-1.9
|
| Outright Forwards |
11,290
|
7,197
|
4,093
|
56.9
|
| Financial Institutions - Local |
1,883
|
1,620
|
263
|
16.2
|
| Financial Institutions - Overseas |
7,092
|
3,968
|
3,124
|
78.7
|
| Non-financial Institutions - Local |
1,905
|
1,302
|
603
|
46.3
|
| Non-financial Institutions - Overseas |
410
|
306
|
104
|
33.8
|
| FX Swaps |
90,032
|
71,025
|
19,007
|
26.8
|
| Financial Institutions - Local |
26,542
|
20,264
|
6,278
|
31.0
|
| Financial Institutions - Overseas |
57,642
|
46,395
|
11,246
|
24.2
|
| Non-financial Institutions - Local |
3,858
|
2,842
|
1,016
|
35.7
|
| Non-financial Institutions - Overseas |
1,990
|
1,524
|
466
|
30.6
|
| OTC Options |
3,524
|
2,143
|
1,381
|
64.4
|
| Financial Institutions - Local |
340
|
241
|
99
|
41.0
|
| Financial Institutions - Overseas |
1,811
|
1,306
|
505
|
38.7
|
| Non-financial Institutions - Local |
831
|
254
|
577
|
227.1
|
| Non-financial Institutions - Overseas |
542
|
342
|
200
|
58.5
|
| a Adjusted for reporting dealer double counting. Daily average for April 2006 calculated on 17 trading days (October 2005 calculated on 19 trading days). | ||||
| b Sub-totals may not sum due to rounding. | ||||
Apr 2006 US$m |
Proportion of Totalb % |
Oct 2005 US$m |
Proportion of Totalb % |
|
|---|---|---|---|---|
| AUD |
67,648
|
42.6
|
55,070
|
47.3
|
| USD |
143,271
|
90.2
|
105,551
|
90.6
|
| OTHER CURRENCIES |
106,735
|
67.2
|
72,260
|
62.1
|
| TOTAL |
158,827
|
116,441
|
||
| a Adjusted for reporting dealer double counting. Daily average for April 2006 calculated on 17 trading days (October 2005 calculated on 19 trading days). | ||||
| b Proportions sum to 200% as there are two currencies involved in each transaction. | ||||
Apr 2006 US$m |
Proportion of Total % |
Oct 2005 US$m |
Proportion of Total % |
|
|---|---|---|---|---|
| AUD/USD |
59,447
|
37.4
|
48,550
|
41.7
|
| AUD/JPY |
2,112
|
1.3
|
1,724
|
1.5
|
| AUD/NZD |
1,626
|
1.0
|
1,198
|
1.0
|
| AUD/OTHER |
4,463
|
2.8
|
3,599
|
3.1
|
| EUR/USD |
26,519
|
16.7
|
17,962
|
15.4
|
| USD/JPY |
17,318
|
10.9
|
10,701
|
9.2
|
| USD/NZD |
12,828
|
8.1
|
9,810
|
8.4
|
| USD/OTHER |
27,159
|
17.1
|
18,528
|
15.9
|
| RESIDUAL CURRENCIES |
7,355
|
4.6
|
4,369
|
3.8
|
| TOTALb |
158,827
|
116,441
|
||
| a Adjusted for reporting dealer double counting. Daily average for April 2006 calculated on 17 trading days (October 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 |
14,223
|
603
|
908
|
2,782
|
18,516
|
12,386
|
5,767
|
2,718
|
9,042
|
29,914
|
5,552
|
53,982
|
| Financial Institutions - Local |
3,748
|
95
|
185
|
173
|
4,202
|
1,156
|
529
|
601
|
1,002
|
3,288
|
210
|
7,700
|
| Financial Institutions - Overseas |
8,139
|
382
|
538
|
1,620
|
10,679
|
10,708
|
4,911
|
1,916
|
7,815
|
25,351
|
5,098
|
41,128
|
| Non-financial Institutions - Local |
1,919
|
100
|
147
|
959
|
3,125
|
177
|
87
|
20
|
111
|
396
|
69
|
3,590
|
| Non-financial Institutions - Overseas |
417
|
26
|
37
|
30
|
511
|
345
|
239
|
181
|
113
|
878
|
175
|
1,564
|
| Outright Forwards |
5,870
|
223
|
389
|
633
|
7,116
|
1,212
|
554
|
753
|
1,271
|
3,791
|
383
|
11,290
|
| Financial Institutions - Local |
1,261
|
23
|
130
|
81
|
1,496
|
117
|
34
|
111
|
112
|
375
|
12
|
1,883
|
| Financial Institutions - Overseas |
3,486
|
60
|
54
|
167
|
3,768
|
959
|
429
|
554
|
1,068
|
3,009
|
315
|
7,092
|
| Non-financial Institutions - Local |
1,021
|
135
|
175
|
376
|
1,707
|
51
|
44
|
30
|
45
|
171
|
27
|
1,905
|
| Non-financial Institutions - Overseas |
101
|
5
|
30
|
9
|
145
|
85
|
48
|
58
|
45
|
236
|
29
|
410
|
| FX Swaps |
37,281
|
1,125
|
199
|
948
|
39,553
|
12,815
|
10,574
|
9,162
|
16,805
|
49,356
|
1,123
|
90,032
|
| Financial Institutions - Local |
14,321
|
260
|
121
|
206
|
14,909
|
2,113
|
1,863
|
2,359
|
4,662
|
10,996
|
638
|
26,542
|
| Financial Institutions - Overseas |
19,902
|
573
|
16
|
214
|
20,705
|
10,151
|
8,305
|
6,533
|
11,753
|
36,741
|
195
|
57,642
|
| Non-financial Institutions - Local |
2,422
|
180
|
43
|
523
|
3,168
|
270
|
148
|
129
|
101
|
647
|
42
|
3,858
|
| Non-financial Institutions - Overseas |
636
|
111
|
18
|
4
|
771
|
281
|
259
|
142
|
290
|
972
|
248
|
1,990
|
| OTC Options |
2,074
|
161
|
129
|
100
|
2,463
|
106
|
422
|
194
|
41
|
763
|
297
|
3,524
|
| Financial Institutions - Local |
172
|
21
|
40
|
0
|
233
|
38
|
41
|
13
|
5
|
98
|
9
|
340
|
| Financial Institutions - Overseas |
1,086
|
73
|
43
|
39
|
1,242
|
40
|
273
|
64
|
27
|
405
|
164
|
1,811
|
| Non-financial Institutions - Local |
667
|
10
|
18
|
12
|
707
|
14
|
30
|
43
|
8
|
95
|
29
|
831
|
| Non-financial Institutions - Overseas |
149
|
56
|
27
|
49
|
281
|
13
|
78
|
74
|
1
|
166
|
96
|
542
|
| Total Turnover |
59,447
|
2,112
|
1,626
|
4,463
|
67,648
|
26,519
|
17,318
|
12,828
|
27,159
|
83,823
|
7,355
|
158,827
|
| a Adjusted for reporting dealer double counting. Daily average for April 2006 calculated on 17 trading days. (October 2005 calculated on 19 trading days). | ||||||||||||
| b Totals and sub-totals may not sum due to rounding. | ||||||||||||