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Foreign Exchange Turnover Report – April 2019

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$m)
  Apr 2019 Oct 2018
  US$m US$m
a Adjusted for reporting dealer double counting. Daily average for April 19 calculated on 19 trading days (October 18 calculated on 22 trading days).

b Totals and sub-totals may not sum due to rounding.
Outright Spot 33,235 39,190
Outright Forwards 15,084 11,874
FX Swaps 65,078 59,904
TRADITIONAL FOREIGN EXCHANGE TURNOVERb 113,397 110,967
Currency Swaps 4,101 2,131
OTC Options 1,582 1,283
TOTAL TURNOVER 119,080 114,382
Table 2: Foreign Exchange Turnover by Instrument and Counterpartya,b Daily average (US$m)
  Apr 2019 Oct 2018
  US$m US$m
a Adjusted for reporting dealer double counting. Daily average for April 19 calculated on 19 trading days (October 18 calculated on 22 trading days).

b Totals and sub-totals may not sum due to rounding.
Outright Spot 33,235 39,190
Financial Institutions - Local 5,341 9,346
Financial Institutions - Overseas 26,508 28,723
Non-financial Institutions - Local 1,155 839
Non-financial Institutions - Overseas 231 283
Outright Forwards 15,084 11,874
Financial Institutions - Local 4,070 3,910
Financial Institutions - Overseas 9,597 5,712
Non-financial Institutions - Local 1,177 1,016
Non-financial Institutions - Overseas 241 1,236
FX Swaps 65,078 59,904
Financial Institutions - Local 15,984 15,423
Financial Institutions - Overseas 48,294 43,752
Non-financial Institutions - Local 655 585
Non-financial Institutions - Overseas 144 146
Currency Swaps 4,101 2,131
Financial Institutions - Local 727 606
Financial Institutions - Overseas 3,266 1,471
Non-financial Institutions - Local 96 44
Non-financial Institutions - Overseas 13 10
OTC Options 1,582 1,283
Financial Institutions - Local 149 121
Financial Institutions - Overseas 1,298 1,018
Non-financial Institutions - Local 115 114
Non-financial Institutions - Overseas 20 30
Table 3: Foreign Exchange Turnover by Currencya Daily average (US$m)
  Apr 2019 Proportion of Totalb Oct 2018 Proportion of Totalb
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for April 19 calculated on 19 trading days (October 18 calculated on 22 trading days).

b Totals and sub-totals may not sum due to rounding.
AUD 58,815 49 55,442 48
USD 109,062 92 102,275 89
EUR 15,862 13 18,163 16
OTHER CURRENCIES 54,423 46 52,884 46
TOTAL 119,080   114,382  
Table 4: Foreign Exchange Turnover by Currency Paira Daily average (US$m)
  Apr 2019 Proportion of Total Oct 2018 Proportion of Total
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for April 19 calculated on 19 trading days (October 18 calculated on 22 trading days).

b Totals and sub-totals may not sum due to rounding.
AUD/USD 52,728 44 49,517 43
AUD/EUR 1,606 1 1,530 1
AUD/JPY 1,464 1 1,627 1
AUD/GBP 673 1 909 1
AUD/CHF 101 0 90 0
AUD/CAD 289 0 284 0
AUD/NZD 1,321 1 828 1
AUD/SEK 34 0 61 0
AUD/OTHER ASIAN 482 0 418 0
AUD/OTHER EUROPEAN 45 0 59 0
AUD/OTHER 70 0 100 0
EUR/USD 11,857 10 12,962 11
USD/JPY 10,348 9 11,155 10
USD/GBP 5,374 5 5,754 5
USD/CHF 430 0 382 0
USD/CAD 2,067 2 2,127 2
USD/NZD 14,331 12 12,319 11
USD/SEK 258 0 108 0
USD/OTHER ASIAN 10,207 9 6,544 6
USD/OTHER EUROPEAN 473 0 415 0
USD/OTHER 988 1 991 1
EUR/JPY 764 1 809 1
EUR/GBP 642 1 1,068 1
EUR/CHF 102 0 102 0
EUR/CAD 102 0 481 0
EUR/NZD 270 0 242 0
EUR/SEK 212 0 209 0
EUR/OTHER ASIAN 75 0 237 0
EUR/OTHER EUROPEAN 184 0 295 0
EUR/OTHER 49 0 229 0
RESIDUAL CURRENCIES 1,534 1 2,530 2
TOTALb 119,080   114,382  
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 April 19 calculated on 19 trading days.

b Totals and sub-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 7,049 5,180 7,068 2,955 1,256
Against AUD 1,525 2,295 3,540 1,640 344
Against USDc 4,229 2,671 3,073 1,250 868
Against EURc 577 127 343 33 11
OTHER CURRENCIES 719 87 113 31 34
FX Swaps 58,973 10,153 16,349 6,105 2,568
Against AUD 32,853 3,304 10,309 3,156 1,427
Against USDc 25,985 6,734 5,718 2,750 1,102
Against EURc 107 95 224 129 6
OTHER CURRENCIES 27 20 98 69 32
Currency Swaps 676 0 1,004 1,016 5,160
Against AUD 2 0 860 930 4,035
Against USDc 674 0 143 87 1,114
Against EURc 0 0 0 0 10
OTHER CURRENCIES 0 0 0 0 0
OTC Options 286 580 1,034 252 633
Against AUD 202 163 353 125 373
Against USDc 80 411 653 105 241
Against EURc 3 6 22 12 4
OTHER CURRENCIES 0 0 6 10 14
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 April 19 calculated on 19 trading days.

b Totals and sub-totals may not sum due to rounding.
Outright Spot 13,774 498 561 158 26 82 472 6 121 8 23 15,729
Financial Institutions - Local 2,976 125 57 57 12 33 70 3 75 3 9 3,420
Financial Institutions - Overseas 9,891 303 494 74 10 43 358 1 20 4 9 11,206
Non-financial Institutions - Local 847 69 9 25 4 6 42 3 25 1 4 1,035
Non-financial Institutions - Overseas 61 1 1 1 0 0 3 0 0 0 0 67
Outright Forwards 3,844 471 251 298 58 141 64 19 284 28 39 5,497
Financial Institutions - Local 2,122 270 132 203 39 87 18 10 172 18 14 3,085
Financial Institutions - Overseas 947 125 88 69 16 46 34 4 45 7 21 1,401
Non-financial Institutions - Local 752 76 31 26 4 8 10 4 66 3 4 984
Non-financial Institutions - Overseas 23 0 0 0 0 0 3 0 1 0 0 27
FX Swaps 32,251 508 627 203 18 61 354 9 53 9 8 34,101
Financial Institutions - Local 10,479 324 504 161 16 38 101 8 44 5 6 11,686
Financial Institutions - Overseas 21,337 136 107 32 2 16 179 0 2 0 0 21,812
Non-financial Institutions - Local 432 48 14 10 0 6 50 1 7 3 2 573
Non-financial Institutions - Overseas 4 0 2 0 0 0 24 0 0 0 0 31
Currency Swaps 2,253 117 2 6 0 0 335 0 16 0 0 2,728
Financial Institutions - Local 470 91 0 3 0 0 64 0 3 0 0 632
Financial Institutions - Overseas 1,717 13 0 0 0 0 267 0 0 0 0 1,996
Non-financial Institutions - Local 58 13 2 3 0 0 4 0 12 0 0 92
Non-financial Institutions - Overseas 8 0 0 0 0 0 0 0 0 0 0 8
OTC Options 605 12 23 9 0 6 96 0 5 0 1 760
Financial Institutions - Local 84 2 10 0 0 1 0 0 0 0 0 97
Financial Institutions - Overseas 421 8 13 3 0 5 95 0 4 0 0 550
Non-financial Institutions - Local 93 1 0 6 0 0 1 0 1 0 0 102
Non-financial Institutions - Overseas 7 0 0 0 0 0 0 0 0 0 0 8
Total AUD Turnover 52,728 1,606 1,464 673 101 289 1,321 34 479 45 70 58,815
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 19 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 2,839 1,964 1,184 160 792 4,252 30 4,018 114 455 15,808
Financial Institutions - Local 317 170 183 21 77 608 5 242 22 48 1,693
Financial Institutions - Overseas 2,460 1,784 968 138 697 3,607 25 3,735 91 396 13,900
Non-financial Institutions - Local 11 1 17 0 1 4 0 20 0 9 63
Non-financial Institutions - Overseas 53 10 16 0 16 33 0 22 1 2 152
Outright Forwards 1,786 1,284 475 81 351 808 76 2,747 118 153 7,880
Financial Institutions - Local 132 63 55 12 26 147 14 308 29 55 839
Financial Institutions - Overseas 1,496 1,211 383 68 318 586 62 2,403 83 81 6,692
Non-financial Institutions - Local 75 7 32 1 5 20 1 30 4 11 187
Non-financial Institutions - Overseas 83 2 6 0 2 55 0 6 2 5 162
FX Swaps 6,878 7,009 3,678 181 885 7,922 152 3,211 223 355 30,494
Financial Institutions - Local 1,062 851 799 68 140 921 24 213 47 49 4,175
Financial Institutions - Overseas 5,798 6,130 2,859 113 734 6,930 124 2,987 174 305 26,155
Non-financial Institutions - Local 4 27 18 0 10 3 4 5 1 0 71
Non-financial Institutions - Overseas 14 0 2 0 1 68 0 6 2 0 93
Currency Swaps 236 5 17 0 6 1,071 0 26 8 0 1,368
Financial Institutions - Local 24 1 0 0 6 52 0 12 0 0 95
Financial Institutions - Overseas 209 4 13 0 0 1,019 0 12 8 0 1,264
Non-financial Institutions - Local 0 0 3 0 0 0 0 0 0 0 3
Non-financial Institutions - Overseas 3 0 0 0 0 0 0 3 0 0 5
OTC Options 117 86 20 8 34 278 0 205 9 25 783
Financial Institutions - Local 5 3 0 5 1 12 0 22 0 2 50
Financial Institutions - Overseas 110 82 20 3 32 260 0 184 8 13 712
Non-financial Institutions - Local 1 0 0 0 0 0 0 1 0 9 12
Non-financial Institutions - Overseas 1 1 0 0 0 6 0 0 1 1 11
Total USD Turnoverc 11,857 10,348 5,374 430 2,067 14,331 258 10,207 473 988 56,333
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 Adjusted for reporting dealer double counting. Daily average for April 19 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 353 271 74 28 113 185 18 149 15 1,206 492 33,235
Financial Institutions - Local 16 35 7 6 14 10 6 11 0 104 124 5,341
Financial Institutions - Overseas 315 229 60 21 86 172 10 137 15 1,045 357 26,508
Non-financial Institutions - Local 21 7 6 1 12 2 2 1 0 51 6 1,155
Non-financial Institutions - Overseas 0 1 0 0 1 2 0 0 0 5 6 231
Outright Forwards 298 314 26 36 74 10 47 21 7 834 874 15,084
Financial Institutions - Local 2 8 1 1 26 1 0 1 0 40 106 4,070
Financial Institutions - Overseas 296 302 23 33 48 8 44 18 7 779 725 9,597
Non-financial Institutions - Local 0 0 0 0 0 0 1 0 0 1 5 1,177
Non-financial Institutions - Overseas 0 3 2 2 1 2 2 1 0 15 37 241
FX Swaps 105 46 3 36 78 14 8 12 26 327 155 65,078
Financial Institutions - Local 4 6 1 0 41 1 5 0 0 58 64 15,984
Financial Institutions - Overseas 101 36 2 36 32 13 2 10 26 258 70 48,294
Non-financial Institutions - Local 0 3 0 0 0 0 0 1 0 5 7 655
Non-financial Institutions - Overseas 0 0 0 0 5 0 1 0 0 6 14 144
Currency Swaps 0 5 0 0 0 0 0 0 0 5 0 4,101
Financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 727
Financial Institutions - Overseas 0 5 0 0 0 0 0 0 0 5 0 3,266
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 96
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 13
OTC Options 9 6 0 2 4 2 1 2 0 27 0 1,582
Financial Institutions - Local 0 0 0 0 1 0 0 0 0 1 0 149
Financial Institutions - Overseas 9 6 0 2 2 2 1 2 0 25 0 1,298
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 115
Non-financial Institutions - Overseas 0 0 0 0 1 0 0 0 0 1 0 20
Total EUR Turnoverc 764 642 102 102 270 212 75 184 49 2,399 1,521 119,080