Skip to content Skip to primary navigation       Menu

Foreign Exchange Turnover Report – October 2018

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$m)
  Oct 2018 Apr 2018
  US$m US$m
a Adjusted for reporting dealer double counting. Daily average for October 18 calculated on 22 trading days (April 18 calculated on 19 trading days).

b Totals and sub-totals may not sum due to rounding.
Outright Spot 39,190 32,104
Outright Forwards 11,874 11,876
FX Swaps 59,904 74,946
TRADITIONAL FOREIGN EXCHANGE TURNOVERb 110,967 118,925
Currency Swaps 2,131 2,143
OTC Options 1,283 1,560
TOTAL TURNOVER 114,382 122,628
Table 2: Foreign Exchange Turnover by Instrument and Counterpartya,b Daily average (US$m)
  Oct 2018 Apr 2018
  US$m US$m
a Adjusted for reporting dealer double counting. Daily average for October 18 calculated on 22 trading days (April 18 calculated on 19 trading days).

b Sub-totals may not sum due to rounding.
Outright Spot 39,190 32,104
Financial Institutions - Local 9,346 8,007
Financial Institutions - Overseas 28,723 22,775
Non-financial Institutions - Local 839 966
Non-financial Institutions - Overseas 283 357
Outright Forwards 11,874 11,876
Financial Institutions - Local 3,910 3,579
Financial Institutions - Overseas 5,712 6,188
Non-financial Institutions - Local 1,016 903
Non-financial Institutions - Overseas 1,236 1,206
FX Swaps 59,904 74,946
Financial Institutions - Local 15,423 17,190
Financial Institutions - Overseas 43,752 56,558
Non-financial Institutions - Local 585 866
Non-financial Institutions - Overseas 146 332
Currency Swaps 2,131 2,143
Financial Institutions - Local 606 461
Financial Institutions - Overseas 1,471 1,489
Non-financial Institutions - Local 44 188
Non-financial Institutions - Overseas 10 5
OTC Options 1,283 1,560
Financial Institutions - Local 121 85
Financial Institutions - Overseas 1,018 1,258
Non-financial Institutions - Local 114 165
Non-financial Institutions - Overseas 30 52
Table 3: Foreign Exchange Turnover by Currencya Daily average (US$m)
  Oct 2018 Proportion of Totalb Apr 2018 Proportion of Totalb
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for October 18 calculated on 22 trading days (April 18 calculated on 19 trading days).

b Proportions sum to 200% as there are two currencies involved in each transaction.
AUD 55,442 48 54,991 45
USD 102,275 89 113,018 92
EUR 18,163 16 17,767 14
OTHER CURRENCIES 52,884 46 59,480 49
TOTAL 114,382   122,628  
Table 4: Foreign Exchange Turnover by Currency Paira Daily average (US$m)
  Oct 2018 Proportion of Total Apr 2018 Proportion of Total
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for October 18 calculated on 22 trading days (April 18 calculated on 19 trading days).

b Totals may not sum due to rounding.
AUD/USD 49,517 43 48,319 39
AUD/EUR 1,530 1 1,660 1
AUD/JPY 1,627 1 2,143 2
AUD/GBP 909 1 817 1
AUD/CHF 90 0 114 0
AUD/CAD 284 0 319 0
AUD/NZD 828 1 975 1
AUD/SEK 61 0 37 0
AUD/OTHER ASIAN 437 0 476 0
AUD/OTHER EUROPEAN 59 0 50 0
AUD/OTHER 100 0 68 0
EUR/USD 12,962 11 14,406 12
USD/JPY 11,155 10 12,863 10
USD/GBP 5,754 5 8,142 7
USD/CHF 382 0 716 1
USD/CAD 2,127 2 3,115 3
USD/NZD 12,319 11 15,031 12
USD/SEK 108 0 221 0
USD/OTHER ASIAN 6,544 6 8,963 7
USD/OTHER EUROPEAN 415 0 263 0
USD/OTHER 991 1 978 1
EUR/JPY 809 1 520 0
EUR/GBP 1,068 1 262 0
EUR/CHF 102 0 59 0
EUR/CAD 481 0 62 0
EUR/NZD 242 0 266 0
EUR/SEK 209 0 199 0
EUR/OTHER ASIAN 237 0 48 0
EUR/OTHER EUROPEAN 295 0 232 0
EUR/OTHER 229 0 53 0
RESIDUAL CURRENCIES 2,511 2 1,250 1
TOTALb 114,382   122,628  
Table 5: Maturities by Instrument and Currencya,b Daily average (US$m)
  Seven days or less Seven days to one month One month to three months Three months to six months Over six months
  US$m US$m US$m US$m US$m
a Not adjusted for reporter dealer double counting. Daily average for October 18 calculated on 22 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 4,219 2,579 3,367 1,327 640
Against AUD 2,005 1,138 1,837 677 265
Against USDc 1,801 1,361 1,394 626 367
Against EURc 127 38 58 17 5
OTHER CURRENCIES 287 41 78 6 3
FX Swaps 53,835 4,693 7,618 3,641 1,522
Against AUD 28,461 2,061 4,436 2,008 987
Against USDc 25,268 2,574 3,070 1,534 522
Against EURc 73 44 55 52 13
OTHER CURRENCIES 33 13 56 47 0
Currency Swaps 11 326 92 311 1,763
Against AUD 1 277 83 284 1,510
Against USDc 10 49 9 27 231
Against EURc 0 0 0 0 6
OTHER CURRENCIES 0 0 0 0 16
OTC Options 225 285 377 197 271
Against AUD 125 114 162 130 95
Against USDc 93 161 196 48 164
Against EURc 6 7 19 17 5
OTHER CURRENCIES 0 3 1 3 6
Table 6a: AUD Turnover by Instrument, Counterparty and Currencya,b Daily average (US$m)
  AUD Against
  USD EUR JPY GBP CHF CAD NZD SEK Oth ASIAN Oth EUROP. OTHER TOTAL
a Adjusted for reporting dealer double counting. Daily average for October 18 calculated on 22 trading days.

b Totals and sub-totals may not sum due to rounding.
Outright Spot 13,690 634 807 460 20 128 401 10 145 31 69 16,396
Financial Institutions - Local 4,850 139 100 83 9 27 96 2 78 5 6 5,394
Financial Institutions - Overseas 8,102 441 691 350 10 95 275 7 43 25 57 10,095
Non-financial Institutions - Local 637 53 15 26 2 6 26 1 24 1 6 798
Non-financial Institutions - Overseas 100 2 1 0 0 0 5 0 0 0 0 109
Outright Forwards 4,164 459 405 246 44 106 106 39 229 18 22 5,836
Financial Institutions - Local 2,100 299 203 186 37 82 36 16 140 16 17 3,132
Financial Institutions - Overseas 616 94 168 33 3 16 53 20 28 1 1 1,034
Non-financial Institutions - Local 605 63 32 26 3 7 12 2 61 1 5 817
Non-financial Institutions - Overseas 843 3 2 1 0 0 5 0 0 0 0 854
FX Swaps 29,406 407 403 184 26 49 242 12 49 11 9 30,797
Financial Institutions - Local 9,639 280 337 138 19 29 99 8 28 6 4 10,587
Financial Institutions - Overseas 19,377 82 57 26 4 12 112 2 13 1 0 19,686
Non-financial Institutions - Local 346 45 9 20 3 7 20 3 8 3 5 468
Non-financial Institutions - Overseas 44 0 0 0 0 0 11 0 0 0 0 56
Currency Swaps 1,743 7 5 14 0 0 63 0 3 0 0 1,834
Financial Institutions - Local 546 0 0 0 0 0 9 0 0 0 0 556
Financial Institutions - Overseas 1,165 7 5 2 0 0 53 0 3 0 0 1,234
Non-financial Institutions - Local 24 0 0 12 0 0 0 0 0 0 0 36
Non-financial Institutions - Overseas 8 0 0 0 0 0 0 0 0 0 0 8
OTC Options 514 22 7 6 0 1 16 0 11 0 0 579
Financial Institutions - Local 51 1 0 1 0 0 0 0 1 0 0 54
Financial Institutions - Overseas 395 19 7 3 0 0 16 0 2 0 0 442
Non-financial Institutions - Local 67 3 0 3 0 0 0 0 9 0 0 82
Non-financial Institutions - Overseas 0 0 0 0 0 1 0 0 0 0 0 1
Total AUD Turnover 49,517 1,530 1,627 909 90 284 828 61 437 59 100 55,442
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 Not adjusted for reporter dealer double counting. Daily average for October 18 calculated on 22 trading days.

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

c USD turnover excludes AUD/USD turnover.
Outright Spot 4,346 2,817 1,389 202 867 5,573 12 2,106 106 306 17,725
Financial Institutions - Local 396 320 158 26 116 2,266 6 198 14 22 3,522
Financial Institutions - Overseas 3,906 2,477 1,195 173 738 3,269 5 1,868 91 281 14,004
Non-financial Institutions - Local 8 2 4 0 3 6 0 11 0 2 36
Non-financial Institutions - Overseas 35 18 32 3 10 32 1 30 0 1 163
Outright Forwards 1,020 952 261 62 250 719 29 1,893 66 131 5,382
Financial Institutions - Local 176 56 32 38 15 36 19 225 5 55 658
Financial Institutions - Overseas 780 868 194 18 222 346 8 1,633 43 49 4,163
Non-financial Institutions - Local 44 23 22 5 10 15 1 28 18 25 190
Non-financial Institutions - Overseas 20 5 13 1 3 322 0 7 0 1 372
FX Swaps 7,363 7,287 3,999 112 963 5,736 67 2,429 240 535 28,730
Financial Institutions - Local 1,343 896 1,011 32 122 1,012 16 194 42 32 4,700
Financial Institutions - Overseas 6,006 6,319 2,974 78 837 4,667 52 2,221 197 501 23,851
Non-financial Institutions - Local 7 71 10 1 4 4 0 9 1 2 109
Non-financial Institutions - Overseas 6 2 4 1 1 53 0 4 0 0 71
Currency Swaps 67 8 46 0 6 133 0 20 0 0 280
Financial Institutions - Local 7 0 0 0 6 23 0 10 0 0 46
Financial Institutions - Overseas 60 8 37 0 0 110 0 10 0 0 224
Non-financial Institutions - Local 0 0 7 0 0 0 0 0 0 0 7
Non-financial Institutions - Overseas 0 0 2 0 0 0 0 0 0 0 2
OTC Options 166 91 59 6 41 159 0 96 3 20 640
Financial Institutions - Local 2 19 1 0 1 27 0 5 0 1 56
Financial Institutions - Overseas 162 72 56 6 40 105 0 70 3 17 531
Non-financial Institutions - Local 1 0 1 0 0 12 0 18 0 1 32
Non-financial Institutions - Overseas 0 0 0 0 0 16 0 3 0 1 21
Total USD Turnoverc 12,962 11,155 5,754 382 2,127 12,319 108 6,544 415 991 52,757
Table 6c: EUR Turnover by Instrument, Counterparty and Currencya,b,c Daily average (US$m)
  EUR Against    
  JPY GBP CHF CAD NZD SEK Oth ASIAN Oth EUROP. OTHER TOTAL RESIDUALS GRAND TOTALd
a Not adjusted for reporter dealer double counting. Daily average for October 18 calculated on 22 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 691 886 78 467 129 186 212 279 210 3,138 1,931 39,190
Financial Institutions - Local 78 33 13 2 27 5 43 9 0 208 222 9,346
Financial Institutions - Overseas 612 851 65 465 101 177 169 267 210 2,918 1,705 28,723
Non-financial Institutions - Local 0 1 0 0 0 0 0 0 0 2 3 839
Non-financial Institutions Overseas 1 1 0 0 1 4 0 3 0 9 1 283
Outright Forwards 75 87 4 9 27 18 14 10 1 245 410 11,874
Financial Institutions - Local 3 16 0 1 10 16 2 1 0 50 70 3,910
Financial Institutions - Overseas 72 67 3 8 16 1 10 9 1 188 328 5,712
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 9 1,016
Non-financial Institutions - Overseas 0 3 0 0 0 0 2 0 0 7 3 1,236
FX Swaps 43 71 0 2 76 5 11 6 17 230 147 59,904
Financial Institutions - Local 20 6 0 0 35 0 6 0 0 68 68 15,423
Financial Institutions - Overseas 22 61 0 2 38 5 3 5 17 153 62 43,752
Non-financial Institutions - Local 0 2 0 0 1 0 2 1 0 6 2 585
Non-financial Institutions - Overseas 0 1 0 0 2 0 0 0 0 4 15 146
Currency Swaps 0 0 0 0 6 0 0 0 0 6 12 2,131
Financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 5 606
Financial Institutions - Overseas 0 0 0 0 6 0 0 0 0 6 7 1,471
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 44
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 10
OTC Options 1 24 21 2 5 0 0 1 0 53 10 1,283
Financial Institutions - Local 0 1 7 0 2 0 0 0 0 9 2 121
Financial Institutions - Overseas 0 24 14 2 3 0 0 1 0 43 1 1,018
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 114
Non-financial Institutions - Overseas 1 0 0 0 0 0 0 0 0 1 7 30
Total EUR Turnoverc 809 1,068 102 481 242 209 237 295 229 3,671 2,509 114,382