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Foreign Exchange Turnover Report – April 2015

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$m)
  Apr 2015 Oct 2014 Change over six months
  US$m US$m US$m %
a Adjusted for reporting dealer double counting. Daily average for April 2015 calculated on 20 trading days (October 2014 calculated on 22 trading days).

b Totals and sub-totals may not sum due to rounding.
Outright Spot 39,529 41,904 −2,375 −6
Outright Forwards 10,166 11,701 -1,534 -13
FX Swaps 81,608 82,602 −995 −1
TRADITIONAL FOREIGN EXCHANGE TURNOVERb 131,303 136,207 −4,904 −4
Currency Swaps 3,403 4,334 −931 −21
OTC Options 1,199 1,533 −334 −22
TOTAL TURNOVER 135,905 142,073 −6,168 −4
Table 2: Foreign Exchange Turnover by Instrument and Counterpartya,b Daily average (US$m)
  Apr 2015 Oct 2014 Change over six months
  US$m US$m US$m %
a Adjusted for reporting dealer double counting. Daily average for April 2015 calculated on 20 trading days (October 2014 calculated on 22 trading days).

b Sub-totals may not sum due to rounding.
Outright Spot 39,529 41,904 −2,375 −6
Financial Institutions - Local 4,566 3,856 710 18
Financial Institutions - Overseas 32,131 35,523 −3,392 −10
Non-financial Institutions - Local 1,442 1,524 −82 −5
Non-financial Institutions - Overseas 1,390 1,001 389 39
Outright Forwards 10,166 11,701 −1,534 −13
Financial Institutions - Local 4,206 4,435 −229 −5
Financial Institutions - Overseas 3,858 5,009 −1,151 −23
Non-financial Institutions - Local 1,582 1,582 0 0
Non-financial Institutions - Overseas 520 675 −154 −23
FX Swaps 81,608 82,602 −995 −1
Financial Institutions - Local 22,704 18,631 4,073 22
Financial Institutions - Overseas 56,637 61,978 −5,341 −9
Non-financial Institutions - Local 899 681 218 32
Non-financial Institutions - Overseas 1,367 1,312 55 4
Currency Swaps 3,403 4,334 −931 −21
Financial Institutions - Local 979 1,473 −494 −34
Financial Institutions - Overseas 2,290 2,828 −538 −19
Non-financial Institutions - Local 127 24 103 432
Non-financial Institutions - Overseas 7 8 −2 −21
OTC Options 1,199 1,533 −334 −22
Financial Institutions - Local 123 114 8 7
Financial Institutions - Overseas 876 1,293 −417 −32
Non-financial Institutions - Local 186 93 93 99
Non-financial Institutions - Overseas 14 32 −18 −56
Table 3: Foreign Exchange Turnover by Currencya Daily average (US$m)
  Apr 2015 Proportion of Totalb Oct 2014 Proportion of Totalb
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for April 2015 calculated on 20 trading days (October 2014 calculated on 22 trading days).

b Proportions sum to 200% as there are two currencies involved in each transaction.
AUD 67,239 49 70,850 50
USD 124,552 92 130,163 92
EUR 22,787 17 20,866 15
OTHER CURRENCIES 57,232 42 62,267 44
TOTAL 135,905   142,073  
Table 4: Foreign Exchange Turnover by Currency Paira Daily average (US$m)
  Apr 2015 Proportion of Total Oct 2014 Proportion of Total
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for April 2015 calculated on 20 trading days (October 2014 calculated on 22 trading days).

b Totals may not sum due to rounding.
AUD/USD 60,250 44 63,123 44
AUD/EUR 1,688 1 2,164 2
AUD/JPY 2,029 1 2,363 2
AUD/GBP 956 1 1,064 1
AUD/CHF 134 0 112 0
AUD/CAD 348 0 272 0
AUD/NZD 1,230 1 1,177 1
AUD/SEK 54 0 73 0
AUD/OTHER ASIAN 450 0 308 0
AUD/OTHER EUROPEAN 50 0 104 0
AUD/OTHER 50 0 89 0
EUR/USD 18,219 13 16,008 11
USD/JPY 14,508 11 16,480 12
USD/GBP 8,557 6 8,405 6
USD/CHF 962 1 1,385 1
USD/CAD 4,253 3 3,984 3
USD/NZD 10,845 8 13,995 10
USD/SEK 433 0 492 0
USD/OTHER ASIAN 4,953 4 3,907 3
USD/OTHER EUROPEAN 646 0 527 0
USD/OTHER 925 1 1,857 1
EUR/JPY 746 1 867 1
EUR/GBP 656 0 594 0
EUR/CHF 55 0 101 0
EUR/CAD 164 0 139 0
EUR/NZD 176 0 187 0
EUR/SEK 232 0 120 0
EUR/OTHER ASIAN 121 0 65 0
EUR/OTHER EUROPEAN 544 0 256 0
EUR/OTHER 186 0 364 0
RESIDUAL CURRENCIES 1,484 1 1,490 1
TOTALb 135,905   142,073  
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 reporting dealer double counting. Daily average for April 2015 calculated on 20 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 2,717 7,559 127
Against AUD 1,619 5,634 83
Against USDc 1,057 1,747 44
Against EURc 26 78 0
OTHER CURRENCIES 15 101 0
FX Swaps 83,352 16,164 237
Against AUD 47,081 10,043 119
Against USDc 35,955 5,927 117
Against EURc 117 93 0
OTHER CURRENCIES 198 102 1
Currency Swaps 15 1,257 3,027
Against AUD 11 1,210 2,172
Against USDc 4 47 850
Against EURc 0 0 6
OTHER CURRENCIES 0 0 0
OTC Options 290 872 95
Against AUD 131 525 70
Against USDc 159 341 24
Against EURc 0 5 0
OTHER CURRENCIES 0 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 April 2015 calculated on 20 trading days.

b Totals and sub-totals may not sum due to rounding.
Outright Spot 8,961 532 557 420 49 151 685 3 157 14 23 11,552
Financial Institutions - Local 1,512 87 70 74 39 25 159 1 46 1 8 2,022
Financial Institutions - Overseas 6,087 352 473 282 5 100 477 1 75 11 8 7,871
Non-financial Institutions - Local 1,101 79 10 63 5 25 45 1 36 1 6 1,373
Non-financial Institutions - Overseas 260 14 4 1 0 0 5 0 1 0 1 287
Outright Forwards 5,249 606 421 355 73 151 153 43 175 23 15 7,263
Financial Institutions - Local 2,337 350 283 226 64 92 45 29 118 18 12 3,574
Financial Institutions - Overseas 1,361 127 104 68 4 45 89 10 31 2 1 1,843
Non-financial Institutions - Local 1,197 127 34 59 6 14 19 4 26 2 2 1,489
Non-financial Institutions - Overseas 353 2 0 2 0 0 0 0 0 0 0 357
FX Swaps 42,943 451 1,038 173 12 39 348 8 116 14 12 45,153
Financial Institutions - Local 14,504 182 416 108 9 24 183 2 106 11 7 15,553
Financial Institutions - Overseas 27,483 193 306 36 3 9 125 5 3 2 3 28,167
Non-financial Institutions - Local 689 72 7 28 0 6 35 1 6 1 2 848
Non-financial Institutions - Overseas 267 4 308 0 0 0 6 0 0 0 0 585
Currency Swaps 2,497 78 0 0 0 0 0 0 0 0 0 2,576
Financial Institutions - Local 887 12 0 0 0 0 0 0 0 0 0 899
Financial Institutions - Overseas 1,483 66 0 0 0 0 0 0 0 0 0 1,549
Non-financial Institutions - Local 127 0 0 0 0 0 0 0 0 0 0 127
Non-financial Institutions - Overseas 1 0 0 0 0 0 0 0 0 0 0 1
OTC Options 601 20 13 9 0 7 43 0 2 0 0 695
Financial Institutions - Local 51 3 2 0 0 2 6 0 0 0 0 63
Financial Institutions - Overseas 376 13 11 8 0 4 36 0 2 0 0 451
Non-financial Institutions - Local 172 4 0 0 0 1 1 0 1 0 0 178
Non-financial Institutions - Overseas 2 0 0 0 0 0 0 0 0 0 0 3
Total AUD Turnover 60,250 1,688 2,029 956 134 348 1,230 54 450 50 50 67,239
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 April 2015 calculated on 20 trading days.

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

c USD turnover excludes AUD/USD turnover.
Outright Spot 9,938 4,500 3,146 226 1,308 1,874 127 2,044 426 717 24,306
Financial Institutions - Local 634 461 287 66 197 286 8 260 9 29 2,238
Financial Institutions - Overseas 8,864 3,889 2,740 159 1,075 1,558 105 1,720 377 601 21,088
Non-financial Institutions - Local 30 2 2 0 4 7 0 15 2 2 65
Non-financial Institutions - Overseas 410 149 116 0 32 23 14 49 38 85 916
Outright Forwards 695 357 251 24 109 440 13 743 11 48 2,691
Financial Institutions - Local 141 63 38 3 16 50 6 217 5 6 544
Financial Institutions - Overseas 517 286 205 20 72 250 7 508 5 33 1,903
Non-financial Institutions - Local 25 6 7 0 21 10 0 9 2 9 90
Non-financial Institutions - Overseas 12 2 2 0 0 129 0 9 0 0 154
FX Swaps 7,107 9,518 5,116 711 2,832 7,981 294 2,066 205 156 35,986
Financial Institutions - Local 1,458 1,519 1,333 177 529 1,423 72 304 76 70 6,962
Financial Institutions - Overseas 5,347 7,867 3,748 534 2,281 6,257 221 1,760 98 85 28,197
Non-financial Institutions - Local 16 2 2 0 20 5 0 2 0 2 50
Non-financial Institutions - Overseas 285 130 34 0 1 295 0 0 32 0 777
Currency Swaps 280 34 36 0 0 444 0 28 0 0 821
Financial Institutions - Local 0 0 8 0 0 58 0 14 0 0 80
Financial Institutions - Overseas 280 34 25 0 0 383 0 14 0 0 735
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0
Non-financial Institutions - Overseas 0 0 3 0 0 3 0 0 0 0 5
OTC Options 200 99 9 1 4 107 0 72 4 3 498
Financial Institutions - Local 10 17 0 0 2 10 0 18 1 0 59
Financial Institutions - Overseas 187 82 8 1 1 90 0 45 2 2 419
Non-financial Institutions - Local 2 0 0 0 0 0 0 4 0 2 8
Non-financial Institutions - Overseas 0 0 0 0 0 7 0 5 0 0 12
Total USD Turnoverc 18,219 14,508 8,557 962 4,253 10,845 433 4,953 646 925 64,302
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 TOTALd
a Adjusted for reporting dealer double counting. Daily average for April 2015 calculated on 20 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 601 623 49 153 89 232 102 541 186 2,577 1,094 39,529
Financial Institutions - Local 32 24 9 18 11 26 7 23 0 149 158 4,566
Financial Institutions - Overseas 557 557 40 130 71 201 79 495 154 2,284 889 32,131
Non-financial Institutions - Local 0 1 0 0 0 0 0 0 0 2 2 1,442
Non-financial Institutions - Overseas 12 42 0 5 6 6 16 23 32 142 46 1,390
Outright Forwards 30 23 3 1 23 0 18 0 1 100 112 10,166
Financial Institutions - Local 2 5 0 0 14 0 16 0 0 37 52 4,206
Financial Institutions - Overseas 28 18 3 1 7 0 1 0 1 60 52 3,858
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 1 2 1,582
Non-financial Institutions - Overseas 0 0 0 0 1 0 2 0 0 2 7 520
FX Swaps 111 9 3 10 56 0 1 2 0 192 277 81,608
Financial Institutions - Local 50 6 0 0 30 0 0 0 0 87 102 22,704
Financial Institutions - Overseas 59 2 3 9 22 0 0 2 0 99 174 56,637
Non-financial Institutions - Local 0 0 0 0 1 0 0 0 0 1 1 899
Non-financial Institutions - Overseas 2 1 0 0 3 0 0 0 0 5 0 1,367
Currency Swaps 0 0 0 0 6 0 0 0 0 6 0 3,403
Financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 979
Financial Institutions - Overseas 0 0 0 0 6 0 0 0 0 6 0 2,290
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 127
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 7
OTC Options 3 0 0 0 2 0 0 0 0 5 1 1,199
Financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 123
Financial Institutions - Overseas 3 0 0 0 2 0 0 0 0 5 1 876
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 186
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 14
Total EUR Turnoverc 746 656 55 164 176 232 121 544 186 2,879 1,484 135,905