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Foreign Exchange Turnover Report – April 2017

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$m)
  Apr 2017 Oct 2016
  US$m US$m
a Adjusted for reporting dealer double counting. Daily average for April 2017 calculated on 17 trading days (October 2016 calculated on 20 trading days).

b Totals and sub-totals may not sum due to rounding.
Outright Spot 26,968 23,406
Outright Forwards 11,185 7,728
FX Swaps 83,580 90,148
TRADITIONAL FOREIGN EXCHANGE TURNOVERb 121,734 121,282
Currency Swaps 2,814 3,544
OTC Options 1,204 856
TOTAL TURNOVER 125,752 125,682
Table 2: Foreign Exchange Turnover by Instrument and Counterpartya,b Daily average (US$m)
  Apr 2017 Oct 2016
  US$m US$m
a Adjusted for reporting dealer double counting. Daily average for April 2017 calculated on 17 trading days (October 2016 calculated on 20 trading days).

b Sub-totals may not sum due to rounding.
Outright Spot 26,968 23,406
Financial Institutions - Local 4,517 3,558
Financial Institutions - Overseas 21,470 18,949
Non-financial Institutions - Local 848 730
Non-financial Institutions - Overseas 134 170
Outright Forwards 11,185 7,728
Financial Institutions - Local 3,762 2,757
Financial Institutions - Overseas 5,248 3,865
Non-financial Institutions - Local 691 472
Non-financial Institutions - Overseas 1,485 633
FX Swaps 83,580 90,148
Financial Institutions - Local 17,644 18,143
Financial Institutions - Overseas 64,792 70,774
Non-financial Institutions - Local 860 936
Non-financial Institutions - Overseas 283 295
Currency Swaps 2,814 3,544
Financial Institutions - Local 972 945
Financial Institutions - Overseas 1,833 2,473
Non-financial Institutions - Local 4 42
Non-financial Institutions - Overseas 4 83
OTC Options 1,204 856
Financial Institutions - Local 78 33
Financial Institutions - Overseas 981 719
Non-financial Institutions - Local 122 85
Non-financial Institutions - Overseas 24 19
Table 3: Foreign Exchange Turnover by Currencya Daily average (US$m)
  Apr 2017 Proportion of Totalb Oct 2016 Proportion of Totalb
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for April 2017 calculated on 17 trading days (October 2016 calculated on 20 trading days).

b Proportions sum to 200% as there are two currencies involved in each transaction.
AUD 60,843 48 59,772 48
USD 116,417 93 118,296 94
EUR 19,162 15 18,937 15
OTHER CURRENCIES 55,082 44 54,359 43
TOTAL 125,752   125,682  
Table 4: Foreign Exchange Turnover by Currency Paira Daily average (US$m)
  Apr 2017 Proportion of Total Oct 2016 Proportion of Total
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for April 2017 calculated on 17 trading days (October 2016 calculated on 20 trading days).

b Totals may not sum due to rounding.
AUD/USD 54,431 43 54,578 43
AUD/EUR 1,406 1 1,298 1
AUD/JPY 1,841 1 1,269 1
AUD/GBP 808 1 776 1
AUD/CHF 138 0 116 0
AUD/CAD 420 0 300 0
AUD/NZD 1,200 1 1,042 1
AUD/SEK 37 0 24 0
AUD/OTHER ASIAN 479 0 292 0
AUD/OTHER EUROPEAN 35 0 23 0
AUD/OTHER 49 0 41 0
EUR/USD 15,970 13 16,301 13
USD/JPY 16,041 13 13,228 11
USD/GBP 6,717 5 7,684 6
USD/CHF 702 1 699 1
USD/CAD 2,354 2 4,794 4
USD/NZD 11,392 9 12,326 10
USD/SEK 188 0 105 0
USD/OTHER ASIAN 6,208 5 7,612 6
USD/OTHER EUROPEAN 266 0 340 0
USD/OTHER 2,149 2 629 1
EUR/JPY 622 0 257 0
EUR/GBP 248 0 324 0
EUR/CHF 59 0 48 0
EUR/CAD 115 0 85 0
EUR/NZD 207 0 263 0
EUR/SEK 174 0 119 0
EUR/OTHER ASIAN 54 0 59 0
EUR/OTHER EUROPEAN 257 0 155 0
EUR/OTHER 49 0 28 0
RESIDUAL CURRENCIES 1,136 1 867 1
TOTALb 125,752   125,682  
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 2017 calculated on 17 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 4,296 7,019 125
Against AUD 2,360 4,276 43
Against USDc 1,782 2,529 77
Against EURc 83 62 5
OTHER CURRENCIES 70 152 0
FX Swaps 78,915 17,889 199
Against AUD 41,096 7,534 50
Against USDc 37,346 9,971 141
Against EURc 290 202 4
OTHER CURRENCIES 183 183 3
Currency Swaps 1 1,300 2,107
Against AUD 0 1,289 1,976
Against USDc 1 11 128
Against EURc 0 0 0
OTHER CURRENCIES 0 0 3
OTC Options 293 938 36
Against AUD 88 322 18
Against USDc 189 561 16
Against EURc 12 41 1
OTHER CURRENCIES 4 14 1
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 2017 calculated on 17 trading days.

b Totals and sub-totals may not sum due to rounding.
Outright Spot 9,095 502 685 268 37 160 628 5 127 7 14 11,528
Financial Institutions - Local 2,062 137 133 92 6 41 137 4 75 3 7 2,698
Financial Institutions - Overseas 6,359 311 545 150 28 111 456 1 28 3 4 7,996
Non-financial Institutions - Local 655 53 5 24 3 7 28 1 24 1 3 805
Non-financial Institutions - Overseas 18 1 1 1 0 0 7 0 1 0 0 30
Outright Forwards 4,880 397 402 254 39 176 131 19 243 18 21 6,580
Financial Institutions - Local 2,264 218 159 166 33 85 39 15 190 16 14 3,198
Financial Institutions - Overseas 811 138 218 60 2 82 72 3 35 1 3 1,425
Non-financial Institutions - Local 499 41 22 28 4 9 20 1 18 1 4 647
Non-financial Institutions - Overseas 1,306 0 3 0 0 0 0 0 1 0 0 1,310
FX Swaps 37,494 494 738 282 60 67 384 13 107 10 9 39,659
Financial Institutions - Local 10,896 265 395 201 35 31 130 8 44 5 3 12,012
Financial Institutions - Overseas 25,963 195 313 76 11 34 211 5 44 2 5 26,859
Non-financial Institutions - Local 629 34 5 5 14 3 33 0 18 3 2 746
Non-financial Institutions - Overseas 6 0 24 0 0 0 11 0 0 0 0 41
Currency Swaps 2,680 4 0 3 0 0 1 0 0 0 0 2,688
Financial Institutions - Local 944 0 0 3 0 0 1 0 0 0 0 948
Financial Institutions - Overseas 1,731 3 0 0 0 0 0 0 0 0 0 1,734
Non-financial Institutions - Local 4 0 0 0 0 0 0 0 0 0 0 4
Non-financial Institutions - Overseas 2 0 0 0 0 0 0 0 0 0 0 2
OTC Options 282 9 16 1 2 17 55 0 0 0 5 388
Financial Institutions - Local 23 1 10 0 0 5 13 0 0 0 0 53
Financial Institutions - Overseas 159 3 4 0 2 12 42 0 0 0 3 226
Non-financial Institutions - Local 92 5 1 1 0 0 0 0 0 0 2 101
Non-financial Institutions - Overseas 8 0 0 0 0 0 0 0 0 0 0 8
Total AUD Turnover 54,431 1,406 1,841 808 138 420 1,200 37 478 35 49 60,843
Table 6b: USD Turnover by Instrument, Counterparty and Currencya,b,c Daily average (US$m)
  USD Against
  EUR JPY GBP CHF CAD NZD SEK Oth ASIAN Oth EUROP. OTHER TOTAL
a Adjusted for reporting dealer double counting. Daily average for April 2017 calculated on 17 trading days.

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

c USD turnover excludes AUD/USD turnover.
Outright Spot 2,865 2,865 1,266 180 824 2,866 32 2,611 98 181 13,789
Financial Institutions - Local 250 410 181 22 85 374 7 169 11 20 1,529
Financial Institutions - Overseas 2,579 2,444 1,074 158 727 2,472 25 2,416 85 154 12,134
Non-financial Institutions - Local 8 4 2 0 4 7 0 7 0 6 39
Non-financial Institutions - Overseas 29 7 9 0 8 13 0 18 1 2 87
Outright Forwards 740 507 179 36 243 897 21 1,484 30 105 4,242
Financial Institutions - Local 56 38 31 13 27 65 10 195 3 49 485
Financial Institutions - Overseas 664 465 144 23 210 680 10 1,275 25 54 3,550
Non-financial Institutions - Local 10 3 3 0 6 8 1 6 2 2 41
Non-financial Institutions - Overseas 10 1 1 0 0 145 0 8 0 0 166
FX Swaps 12,129 12,451 5,204 487 1,241 7,484 136 1,965 138 1,852 43,086
Financial Institutions - Local 1,437 1,301 740 89 147 1,236 19 234 24 73 5,301
Financial Institutions - Overseas 10,539 11,147 4,416 398 1,057 6,185 116 1,719 113 1,778 37,469
Non-financial Institutions - Local 51 2 8 0 3 17 0 11 1 1 94
Non-financial Institutions - Overseas 102 0 41 0 33 45 0 1 0 0 222
Currency Swaps 12 1 0 0 0 87 0 23 0 0 123
Financial Institutions - Local 0 0 0 0 0 23 0 0 0 0 23
Financial Institutions - Overseas 12 1 0 0 0 63 0 23 0 0 99
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0
Non-financial Institutions - Overseas 0 0 0 0 0 1 0 0 0 0 1
OTC Options 223 216 67 0 46 57 0 126 0 11 746
Financial Institutions - Local 7 7 0 0 1 1 0 6 0 0 23
Financial Institutions - Overseas 207 206 65 0 45 54 0 117 0 0 695
Non-financial Institutions - Local 1 3 2 0 0 1 0 2 0 11 21
Non-financial Institutions - Overseas 7 0 0 0 0 0 0 1 0 0 8
Total USD Turnoverc 15,970 16,041 6,717 702 2,354 11,392 188 6,208 266 2,149 61,986
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 2017 calculated on 17 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 288 204 40 65 71 168 14 222 39 1,113 539 26,968
Financial Institutions - Local 41 37 9 4 6 10 1 18 0 125 165 4,517
Financial Institutions - Overseas 247 165 32 61 63 154 13 200 38 972 368 21,470
Non-financial Institutions - Local 0 1 0 0 0 1 0 0 0 3 1 848
Non-financial Institutions - Overseas 0 1 0 0 2 3 0 4 1 12 5 134
Outright Forwards 40 11 7 14 26 5 31 12 1 147 216 11,185
Financial Institutions - Local 2 3 1 0 8 0 0 0 0 13 66 3,762
Financial Institutions - Overseas 38 8 7 14 17 5 30 12 1 132 141 5,248
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 1 3 691
Non-financial Institutions - Overseas 0 1 0 0 1 0 0 0 0 2 6 1,485
FX Swaps 282 15 0 34 101 1 10 23 8 474 361 83,580
Financial Institutions - Local 108 2 0 0 50 0 9 11 0 180 150 17,644
Financial Institutions - Overseas 174 12 0 33 48 1 1 13 6 289 175 64,792
Non-financial Institutions - Local 0 0 0 0 2 0 0 0 0 2 19 860
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 2 3 17 283
Currency Swaps 0 0 0 0 0 0 0 0 0 0 3 2,814
Financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 1 972
Financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 1,833
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 4
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 2 4
OTC Options 11 17 11 3 9 0 0 0 1 52 18 1,204
Financial Institutions - Local 0 0 0 1 1 0 0 0 0 1 1 78
Financial Institutions - Overseas 11 17 11 1 4 0 0 0 1 45 15 981
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 122
Non-financial Institutions - Overseas 0 0 0 1 5 0 0 0 0 6 2 24
Total EUR Turnoverc 622 248 59 115 207 174 54 257 49 1,786 1,136 125,752