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Foreign Exchange Turnover Report – April 2016

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$m)
  Apr 2016 Oct 2015
  US$m US$m
a Adjusted for reporting dealer double counting. Daily average for April 2016 calculated on 20 trading days (October 2015 calculated on 21 trading days).

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

c Series break in April 2016
Outright Spot 26,768 35,896
Outright Forwards 9,621 8,248
FX Swaps 80,681 79,288
TRADITIONAL FOREIGN EXCHANGE TURNOVERb 117,070 123,431
Currency Swaps 3,213 3,007
OTC Options 983 1,158
TOTAL TURNOVER 121,267 127,596
Table 2: Foreign Exchange Turnover by Instrument and Counterpartya,b,c Daily average (US$m)
  Apr 2016 Oct 2015
  US$m US$m
a Adjusted for reporting dealer double counting. Daily average for April 2016 calculated on 20 trading days (October 2015 calculated on 21 trading days).

b Sub-totals may not sum due to rounding.

c Series break in April 2016
Outright Spot 26,768 35,896
Financial Institutions - Local 3,385 4,062
Financial Institutions - Overseas 22,051 29,677
Non-financial Institutions - Local 1,201 1,235
Non-financial Institutions - Overseas 131 922
Outright Forwards 9,621 8,248
Financial Institutions - Local 2,856 3,158
Financial Institutions - Overseas 4,949 3,162
Non-financial Institutions - Local 1,215 1,234
Non-financial Institutions - Overseas 600 694
FX Swaps 80,681 79,288
Financial Institutions - Local 15,729 17,546
Financial Institutions - Overseas 63,399 60,177
Non-financial Institutions - Local 1,061 624
Non-financial Institutions - Overseas 492 940
Currency Swaps 3,213 3,007
Financial Institutions - Local 1,154 1,022
Financial Institutions - Overseas 1,973 1,923
Non-financial Institutions - Local 77 25
Non-financial Institutions - Overseas 9 37
OTC Options 983 1,158
Financial Institutions - Local 39 50
Financial Institutions - Overseas 851 954
Non-financial Institutions - Local 86 125
Non-financial Institutions - Overseas 7 29
Table 3: Foreign Exchange Turnover by Currencya,c Daily average (US$m)
  Apr 2016 Proportion of Totalb Oct 2015 Proportion of Totalb
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for April 2016 calculated on 20 trading days (October 2015 calculated on 21 trading days).

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

c Series break in April 2016
AUD 56,048 46 58,900 46
USD 112,315 93 116,670 91
EUR 20,958 17 23,316 18
OTHER CURRENCIES 53,212 44 56,306 44
TOTAL 121,267   127,596  
Table 4: Foreign Exchange Turnover by Currency Paira,c Daily average (US$m)
  Apr 2016 Proportion of Total Oct 2015 Proportion of Total
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for April 2016 calculated on 20 trading days (October 2015 calculated on 21 trading days).

b Totals may not sum due to rounding.

c Series break in April 2016
AUD/USD 49,395 41 52,461 41
AUD/EUR 1,806 1 1,506 1
AUD/JPY 1,926 2 1,770 1
AUD/GBP 792 1 1,177 1
AUD/CHF 127 0 154 0
AUD/CAD 369 0 265 0
AUD/NZD 1,227 1 1,040 1
AUD/SEK 52 0 37 0
AUD/OTHER ASIAN 264 0 358 0
AUD/OTHER EUROPEAN 42 0 56 0
AUD/OTHER 49 0 75 0
EUR/USD 17,692 15 18,980 15
USD/JPY 14,771 12 12,743 10
USD/GBP 5,722 5 7,763 6
USD/CHF 436 0 1,041 1
USD/CAD 3,720 3 3,702 3
USD/NZD 11,694 10 11,831 9
USD/SEK 92 0 404 0
USD/OTHER ASIAN 7,597 6 5,801 5
USD/OTHER EUROPEAN 349 0 835 1
USD/OTHER 847 1 1,108 1
EUR/JPY 471 0 653 1
EUR/GBP 316 0 659 1
EUR/CHF 56 0 77 0
EUR/CAD 70 0 159 0
EUR/NZD 135 0 164 0
EUR/SEK 190 0 282 0
EUR/OTHER ASIAN 46 0 115 0
EUR/OTHER EUROPEAN 148 0 537 0
EUR/OTHER 28 0 184 0
RESIDUAL CURRENCIES 838 1 1,657 1
TOTALb 121,267 0 127,596 0
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 2016 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.
  US$m US$m US$m
Outright Forwards 2,326 7,318 194
Against AUD 1,210 4,404 78
Against USDc 1,014 2,687 114
Against EURc 45 115 1
OTHER CURRENCIES 57 112 2
FX Swaps 78,195 12,957 2,127
Against AUD 36,609 6,660 1,410
Against USDc 41,416 6,153 716
Against EURc 138 82 0
OTHER CURRENCIES 32 62 1
Currency Swaps 16 948 3,126
Against AUD 16 885 2,579
Against USDc 0 63 487
Against EURc 0 0 59
OTHER CURRENCIES 0 0 0
OTC Options 237 711 67
Against AUD 135 516 54
Against USDc 97 164 13
Against EURc 0 12 0
OTHER CURRENCIES 6 20 0
Table 6a: AUD Turnover by Instrument, Counterparty and Currencya,b Daily average (US$m)
  AUD Against
  USD EUR JPY GBP CHF CAD NZD SEK Other
ASIAN		 Other
EUROPEAN		 OTHER TOTAL
a Adjusted for reporting dealer double counting. Daily average for April 2016 calculated on 20 trading days.

b Totals and sub-totals may not sum due to rounding.
Outright Spot 7,715 603 1,140 240 14 141 682 9 66 8 20 10,638
Financial Institutions - Local 1,148 117 51 66 5 17 62 6 28 4 3 1,507
Financial Institutions - Overseas 5,605 422 1,078 135 6 109 571 1 22 2 7 7,958
Non-financial Institutions - Local 951 61 11 40 3 15 32 2 15 1 9 1,139
Non-financial Institutions - Overseas 11 3 0 0 0 0 17 0 1 0 0 34
Outright Forwards 3,749 616 371 329 83 106 117 35 128 26 18 5,579
Financial Institutions - Local 1,524 312 184 214 70 70 23 25 91 23 5 2,540
Financial Institutions - Overseas 1,051 137 118 48 10 21 65 7 26 1 3 1,488
Non-financial Institutions - Local 795 167 68 67 3 13 13 3 11 2 10 1,153
Non-financial Institutions - Overseas 379 0 0 0 0 2 16 0 0 0 0 398
FX Swaps 34,897 439 400 181 29 113 306 9 66 8 7 36,454
Financial Institutions - Local 9,944 204 124 83 9 73 61 1 37 5 3 10,543
Financial Institutions - Overseas 23,983 188 220 79 18 34 199 7 22 1 2 24,753
Non-financial Institutions - Local 877 42 11 19 2 6 37 0 7 2 3 1,006
Non-financial Institutions - Overseas 93 5 46 0 0 0 9 0 0 0 0 152
Currency Swaps 2,551 104 0 31 0 0 2 0 2 0 0 2,690
Financial Institutions - Local 1,032 25 0 0 0 0 0 0 0 0 0 1,057
Financial Institutions - Overseas 1,473 49 0 28 0 0 2 0 2 0 0 1,554
Non-financial Institutions - Local 42 30 0 3 0 0 0 0 0 0 0 75
Non-financial Institutions - Overseas 3 0 0 0 0 0 0 0 0 0 0 3
OTC Options 483 45 15 11 0 9 120 0 1 0 4 687
Financial Institutions - Local 22 0 2 0 0 0 0 0 0 0 0 24
Financial Institutions - Overseas 392 42 12 11 0 9 120 0 0 0 4 589
Non-financial Institutions - Local 69 2 0 0 0 0 0 0 1 0 0 72
Non-financial Institutions - Overseas 1 0 1 0 0 0 0 0 0 0 0 2
Total AUD Turnover 49,395 1,806 1,926 792 127 369 1,227 52 264 42 49 56,048
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 2016 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 2,832 3,474 1,528 143 1,116 1,963 33 3,139 92 243 14,564
Financial Institutions - Local 412 389 199 29 166 202 2 173 14 24 1,609
Financial Institutions - Overseas 2,393 3,068 1,318 114 944 1,734 31 2,938 75 211 12,826
Non-financial Institutions - Local 10 1 5 0 3 13 0 17 2 5 57
Non-financial Institutions - Overseas 17 17 6 0 3 13 0 10 1 3 72
Outright Forwards 262 509 177 20 99 292 11 2,229 33 86 3,717
Financial Institutions - Local 9 32 14 2 7 32 0 121 6 8 230
Financial Institutions - Overseas 217 473 154 18 85 122 11 2,090 24 76 3,269
Non-financial Institutions - Local 24 2 7 0 4 5 0 9 3 1 55
Non-financial Institutions - Overseas 13 1 2 0 3 133 0 10 0 1 163
FX Swaps 14,416 10,691 3,997 273 2,504 9,132 48 2,124 224 513 43,921
Financial Institutions - Local 1,943 792 626 85 279 1,116 10 176 27 20 5,075
Financial Institutions - Overseas 12,415 9,809 3,343 188 2,214 7,832 38 1,943 196 489 38,466
Non-financial Institutions - Local 11 17 2 0 9 3 0 2 1 4 49
Non-financial Institutions - Overseas 47 73 25 0 2 181 0 3 0 0 331
Currency Swaps 141 23 15 0 0 254 0 25 0 0 458
Financial Institutions - Local 17 0 0 0 0 77 0 0 0 0 94
Financial Institutions - Overseas 124 21 10 0 0 177 0 25 0 0 356
Non-financial Institutions - Local 0 2 0 0 0 0 0 0 0 0 2
Non-financial Institutions - Overseas 0 0 5 0 0 0 0 0 0 0 5
OTC Options 40 74 6 1 1 53 0 81 1 5 261
Financial Institutions - Local 1 4 0 0 0 1 0 6 0 0 13
Financial Institutions - Overseas 37 70 5 1 1 49 0 71 1 4 238
Non-financial Institutions - Local 2 0 0 0 0 3 0 3 0 1 10
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0
Total USD Turnoverc 17,692 14,771 5,722 436 3,720 11,694 92 7,597 349 847 62,920
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 2016 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 306 184 28 54 61 189 27 144 26 1,018 548 26,768
Financial Institutions - Local 51 30 1 19 4 11 9 5 0 130 138 3,385
Financial Institutions - Overseas 255 151 27 35 53 177 15 138 24 875 392 22,051
Non-financial Institutions - Local 0 1 0 0 1 0 0 0 0 2 1 1,201
Non-financial Institutions - Overseas 0 2 0 0 3 1 3 1 2 12 13 131
Outright Forwards 64 14 5 16 37 0 19 1 1 157 167 9,621
Financial Institutions - Local 0 1 0 0 13 0 12 0 0 26 57 2,856
Financial Institutions - Overseas 58 10 5 15 6 0 6 0 1 101 90 4,949
Non-financial Institutions - Local 1 1 0 1 1 0 0 0 0 5 1 1,215
Non-financial Institutions - Overseas 5 3 0 0 16 0 1 0 0 26 13 600
FX Swaps 101 57 23 0 28 1 0 3 2 215 91 80,681
Financial Institutions - Local 53 1 0 0 11 0 0 0 0 64 46 15,729
Financial Institutions - Overseas 48 55 23 0 14 1 0 3 0 144 35 63,399
Non-financial Institutions - Local 0 0 0 0 1 0 0 0 0 1 5 1,061
Non-financial Institutions - Overseas 0 1 0 0 2 0 0 0 2 5 3 492
Currency Swaps 0 50 0 0 8 0 0 0 0 58 8 3,213
Financial Institutions - Local 0 0 0 0 2 0 0 0 0 2 0 1,154
Financial Institutions - Overseas 0 50 0 0 5 0 0 0 0 56 0 1,973
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 77
Non-financial Institutions - Overseas 0 0 0 0 1 0 0 0 0 1 0 9
OTC Options 0 10 0 0 2 0 0 0 0 12 23 983
Financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 2 39
Financial Institutions - Overseas 0 6 0 0 2 0 0 0 0 8 16 851
Non-financial Institutions - Local 0 4 0 0 0 0 0 0 0 4 0 86
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 5 7
Total EUR Turnoverc 471 316 56 70 135 190 46 148 28 1,460 838 121,267