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Foreign Exchange Turnover Report – April 2010

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$m)
  Apr 2010 Oct 2009 Change over six months
  US$m US$m US$m %
a Adjusted for reporting dealer double counting. Daily average for April 2010 calculated on 19 trading days (October 2009 calculated on 21 trading days).

b Totals and sub-totals may not sum due to rounding.
Outright Spot 59,673 59,164 509 1
Outright Forwards 7,811 6,457 1,354 21
FX Swaps 117,393 68,573 48,820 71
TRADITIONAL FOREIGN EXCHANGE TURNOVERb 184,877 134,194 50,684 38
Currency Swaps 4,437 5,637 -1,201 -21
OTC Options 1,870 1,809 61 3
TOTAL TURNOVER 191,184 141,641 49,544 35
Table 2: Foreign Exchange Turnover by Instrument and Counterpartya,b Daily average (US$m)
  Apr 2010 Oct 2009 Change over six months
  US$m US$m US$m %
a Adjusted for reporting dealer double counting. Daily average for April 2010 calculated on 19 trading days (October 2009 calculated on 21 trading days).

b Sub-totals may not sum due to rounding.

c Data on currency swaps are available from April 2007.
Outright Spot 59,673 59,164 509 1
Financial Institutions - Local 7,958 5,704 2,254 40
Financial Institutions - Overseas 42,998 43,838 -840 -2
Non-financial Institutions - Local 4,864 4,229 635 15
Non-financial Institutions - Overseas 3,854 5,392 -1,539 -29
Outright Forwards 7,811 6,457 1,354 21
Financial Institutions - Local 2,857 1,630 1,227 75
Financial Institutions - Overseas 3,647 3,974 -327 -8
Non-financial Institutions - Local 1,113 712 402 56
Non-financial Institutions - Overseas 194 141 54 38
FX Swaps 117,393 68,573 48,820 71
Financial Institutions - Local 24,602 22,516 2,087 9
Financial Institutions - Overseas 90,193 43,767 46,427 106
Non-financial Institutions - Local 1,058 907 151 17
Non-financial Institutions - Overseas 1,539 1,384 155 11
Currency Swapsc 4,437 5,637 -1,201 -21
Financial Institutions - Local 657 1,086 -429 -39
Financial Institutions - Overseas 3,736 4,258 -522 -12
Non-financial Institutions - Local 24 216 -192 -89
Non-financial Institutions - Overseas 19 77 -58 -75
OTC Options 1,870 1,809 61 3
Financial Institutions - Local 270 212 58 28
Financial Institutions - Overseas 1,407 1,299 108 8
Non-financial Institutions - Local 126 164 -38 -23
Non-financial Institutions - Overseas 67 134 -68 -50
Table 3: Foreign Exchange Turnover by Currencya Daily average (US$m)
  Apr 2010 Proportion of Totalb Oct 2009 Proportion of Totalb
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for April 2010 calculated on 19 trading days (October 2009 calculated on 21 trading days).

b Proportions sum to 200% as there are two currencies involved in each transaction.
AUD 84,844 44 64,773 46
USD 172,890 90 124,785 88
EUR 46,636 24 28,135 20
OTHER CURRENCIES 77,998 41 65,587 46
TOTAL 191,184   141,641  
Table 4: Foreign Exchange Turnover by Currency Paira,b Daily average (US$m)
  Apr 2010 Proportion of Total Oct 2009 Proportion of Total
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for April 2010 calculated on 19 trading days (October 2009 calculated on 21 trading days).

b The range of currency pairs was expanded in April 2007.

c Totals may not sum due to rounding.
AUD/USD 74,723 39 56,488 40
AUD/EUR 2,923 2 2,283 2
AUD/JPY 2,703 1 1,638 1
AUD/GBP 1,464 1 1,263 1
AUD/CHF 170 0 172 0
AUD/CAD 696 0 416 0
AUD/NZD 1,415 1 1,509 1
AUD/SEK 61 0 68 0
AUD/OTHER ASIAN 532 0 461 0
AUD/OTHER EUROPEAN 47 0 100 0
AUD/OTHER 110 0 376 0
EUR/USD 37,996 20 20,152 14
USD/JPY 18,840 10 12,113 9
USD/GBP 14,060 7 11,542 8
USD/CHF 1,153 1 900 1
USD/CAD 4,391 2 3,790 3
USD/NZD 12,431 7 13,271 9
USD/SEK 538 0 318 0
USD/OTHER ASIAN 2,436 1 4,052 3
USD/OTHER EUROPEAN 628 0 536 0
USD/OTHER 1,719 1 1,624 1
EUR/JPY 2,219 1 1,564 1
EUR/GBP 1,362 1 1,636 1
EUR/CHF 218 0 262 0
EUR/CAD 303 0 219 0
EUR/NZD 238 0 278 0
EUR/SEK 190 0 204 0
EUR/OTHER ASIAN 120 0 95 0
EUR/OTHER EUROPEAN 328 0 467 0
EUR/OTHER 739 0 974 1
RESIDUAL CURRENCIES 1,064 1 2,869 2
TOTALc 191,184   141,641  
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 Daily average for April 2010 calculated on 19 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 3,424 4,728 117
Against AUD 1,744 3,036 81
Against USDc 1,462 1,591 36
Against EURc 165 75 0
OTHER CURRENCIES 53 26 0
FX Swaps 115,027 21,803 376
Against AUD 53,305 11,986 173
Against USDc 61,362 9,407 202
Against EURc 163 243 0
OTHER CURRENCIES 197 168 1
Currency Swaps 1,894 441 2,440
Against AUD 1,150 387 1,960
Against USDc 744 54 479
Against EURc 0 0 2
OTHER CURRENCIES 0 0 0
OTC Options 565 1,362 54
Against AUD 367 990 33
Against USDc 184 307 21
Against EURc 8 46 0
OTHER CURRENCIES 6 20 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
EUROPE		 OTHER  TOTAL
a Adjusted for reporting dealer double counting. Daily average for April 2010 calculated on 19 trading days.

b Totals and sub-totals may not sum due to rounding.
Outright Spot 13,650 1,792 1,508 937 136 527 999 42 303 36 101 20,031
Financial Institutions - Local 3,304 188 281 172 11 74 192 6 49 5 2 4,284
Financial Institutions - Overseas 6,951 879 974 476 76 282 624 16 104 14 20 10,416
Non-financial Institutions - Local 3,039 690 166 272 49 159 144 19 148 16 78 4,780
Non-financial Institutions - Overseas 356 34 87 17 0 12 39 1 2 1 2 551
Outright Forwards 3,319 533 228 294 17 97 109 7 86 7 5 4,701
Financial Institutions - Local 1,406 314 146 121 9 46 36 5 56 3 2 2,145
Financial Institutions - Overseas 1,081 93 46 106 2 23 40 0 10 1 1 1,403
Non-financial Institutions - Local 742 115 33 66 6 26 30 2 20 3 1 1,044
Non-financial Institutions - Overseas 90 11 3 1 0 2 3 0 0 0 0 109
FX Swaps 53,640 410 920 220 17 62 198 11 131 5 4 55,619
Financial Institutions - Local 12,672 215 227 125 7 29 97 5 47 4 3 13,431
Financial Institutions - Overseas 39,841 128 553 61 8 19 52 4 79 0 0 40,745
Non-financial Institutions - Local 683 65 106 33 3 14 29 2 5 1 1 941
Non-financial Institutions - Overseas 444 2 34 1 0 0 20 0 0 0 0 502
Currency Swaps 3,051 133 0 1 0 0 0 0 5 0 0 3,191
Financial Institutions - Local 585 12 0 0 0 0 0 0 0 0 0 598
Financial Institutions - Overseas 2,435 117 0 1 0 0 0 0 5 0 0 2,559
Non-financial Institutions - Local 24 0 0 0 0 0 0 0 0 0 0 24
Non-financial Institutions - Overseas 7 3 0 0 0 0 0 0 0 0 0 10
OTC Options 1,062 54 47 12 0 10 109 0 7 0 0 1,301
Financial Institutions - Local 105 16 10 5 0 4 25 0 0 0 0 164
Financial Institutions - Overseas 824 34 34 3 0 7 73 0 4 0 0 978
Non-financial Institutions - Local 109 5 3 3 0 0 0 0 3 0 0 124
Non-financial Institutions - Overseas 24 0 0 0 0 0 12 0 0 0 0 36
Total AUD Turnover 74,723 2,923 2,703 1,464 170 696 1,415 61 532 47 110 84,844
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
EUROPE		 OTHER  TOTAL
a Adjusted for reporting dealer double counting. Daily average for April 2010 calculated on 19 trading days.

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

c USD turnover excludes AUD/USD turnover.
Outright Spot 15,018 4,710 5,054 344 1,900 2,488 168 648 241 995 32,547
Financial Institutions - Local 1,116 443 537 25 206 622 14 64 8 37 3,073
Financial Institutions - Overseas 12,755 3,780 4,125 314 1,572 1,773 117 526 167 828 25,958
Non-financial Institutions - Local 26 15 15 4 14 3 0 1 0 1 80
Non-financial Institutions - Overseas 1,122 472 376 1 108 89 37 58 66 128 2,456
Outright Forwards 748 461 234 60 123 353 12 194 14 271 2,797
Financial Institutions - Local 153 136 47 27 39 18 3 26 5 110 564
Financial Institutions - Overseas 563 315 179 31 76 293 10 164 9 156 1,795
Non-financial Institutions - Local 23 8 9 2 3 4 0 2 0 3 54
Non-financial Institutions - Overseas 8 2 0 0 4 37 0 3 0 2 57
FX Swaps 21,452 13,619 8,670 740 2,325 8,851 358 1,591 373 451 61,089
Financial Institutions - Local 2,354 1,208 2,694 138 977 1,693 46 615 98 154 9,978
Financial Institutions - Overseas 18,999 12,111 5,943 576 1,342 6,713 218 963 273 282 47,420
Non-financial Institutions - Local 24 40 13 26 7 4 0 1 0 0 116
Non-financial Institutions - Overseas 75 260 21 0 0 440 93 11 1 15 916
Currency Swaps 570 0 63 0 0 611 0 1 0 0 1,244
Financial Institutions - Local 15 0 0 0 0 45 0 0 0 0 60
Financial Institutions - Overseas 555 0 55 0 0 566 0 1 0 0 1,176
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0
Non-financial Institutions - Overseas 0 0 8 0 0 0 0 0 0 0 8
OTC Options 208 50 39 9 43 128 0 2 0 2 489
Financial Institutions - Local 54 14 0 0 2 15 0 0 0 0 85
Financial Institutions - Overseas 150 31 38 9 41 91 0 2 0 2 366
Non-financial Institutions - Local 0 0 0 0 0 1 0 0 0 0 2
Non-financial Institutions - Overseas 3 6 0 0 0 20 0 0 0 0 29
Total USD Turnoverc 37,996 18,840 14,060 1,153 4,391 12,431 538 2,436 628 1,719 98,167
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
EUROPE		 OTHER  TOTAL RESID-
UALS		 GRAND TOTALd
a Adjusted for reporting dealer double counting. Daily average for April 2010 calculated on 19 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 1,871 1,222 179 258 211 162 116 314 732 5,066 959 59,673
Financial Institutions - Local 71 81 29 17 33 12 0 5 6 254 120 7,730
Financial Institutions - Overseas 1,476 1,024 150 218 169 127 111 267 659 4,202 788 41,364
Non-financial Institutions - Local 0 0 0 2 0 0 0 0 0 3 0 4,863
Non-financial Institutions - Overseas 323 117 0 22 9 22 4 41 68 607 51 3,666
Outright Forwards 97 71 14 36 8 4 0 4 2 236 41 7,811
Financial Institutions - Local 12 4 1 11 2 1 0 0 0 31 19 2,759
Financial Institutions - Overseas 83 57 7 23 6 3 0 4 2 185 21 3,404
Non-financial Institutions - Local 0 9 0 2 0 0 0 0 0 11 0 1,109
Non-financial Institutions - Overseas 1 0 6 0 1 0 0 0 0 8 1 175
FX Swaps 220 51 23 10 16 24 4 10 5 362 64 117,393
Financial Institutions - Local 30 28 2 0 5 0 0 5 0 71 12 23,491
Financial Institutions - Overseas 144 22 15 9 9 24 2 6 5 235 51 88,452
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 1 0 1,058
Non-financial Institutions - Overseas 45 0 6 0 2 0 2 0 0 55 1 1,474
Currency Swaps 0 0 0 0 2 0 0 0 0 2 0 4,437
Financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 657
Financial Institutions - Overseas 0 0 0 0 1 0 0 0 0 1 0 3,736
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 24
Non-financial Institutions - Overseas 0 0 0 0 1 0 0 0 0 1 0 19
OTC Options 31 18 2 0 1 0 0 0 0 53 0 1,870
Financial Institutions - Local 6 7 0 0 1 0 0 0 0 15 0 263
Financial Institutions - Overseas 25 11 2 0 0 0 0 0 0 38 0 1,382
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 126
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 65
Total EUR Turnoverc 2,219 1,362 218 303 238 190 120 328 739 5,718 1,064 191,184