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Foreign Exchange Turnover Report – October 2020

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$m)
  Oct 2020 Apr 2020
  US$m US$m
a Adjusted for reporting dealer double counting. Daily average for Oct 2020 calculated on 21 trading days (Apr 2020 calculated on 20 trading days)

b Totals and sub-totals may not sum due to rounding.
Outright Spot 43,26437,337
Outright Forwards 13,87214,954
FX Swaps 78,00973,627
TRADITIONAL FOREIGN EXCHANGE TURNOVERb 135,147125,920
Currency Swaps 3,3572,050
OTC Options 8651,380
TOTAL TURNOVER 139,370129,351
Table 2: Foreign Exchange Turnover by Instrument and Counterpartya,b Daily average (US$m)
  Oct 2020 Apr 2020
  US$m US$m
a Adjusted for reporting dealer double counting. Daily average for Oct 2020 calculated on 21 trading days (Apr 2020 calculated on 20 trading days).

b Totals and sub-totals may not sum due to rounding.
Outright Spot 43,26437,337
Financial Institutions - Local 9,4317,045
Financial Institutions - Overseas 32,62329,129
Non-financial Institutions - Local 948930
Non-financial Institutions - Overseas 263233
Outright Forwards 13,87214,954
Financial Institutions - Local 3,9634,285
Financial Institutions - Overseas 8,9789,703
Non-financial Institutions - Local 880793
Non-financial Institutions - Overseas 51173
FX Swaps 78,00973,627
Financial Institutions - Local 23,72320,864
Financial Institutions - Overseas 53,38951,822
Non-financial Institutions - Local 758779
Non-financial Institutions - Overseas 140162
Currency Swaps 3,3572,050
Financial Institutions - Local 251592
Financial Institutions - Overseas 3,0731,347
Non-financial Institutions - Local 2789
Non-financial Institutions - Overseas 621
OTC Options 8651,380
Financial Institutions - Local 170371
Financial Institutions - Overseas 605945
Non-financial Institutions - Local 8459
Non-financial Institutions - Overseas 64
Table 3: Foreign Exchange Turnover by Currencya Daily average (US$m)
  Oct 2020 Proportion of Totalb Apr 2020 Proportion of Totalb
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for Oct 2020 calculated on 21 trading days (Apr 2020 calculated on 20 trading days).

b Totals and sub-totals may not sum due to rounding.
AUD 73,7375368,99453
USD 129,93893120,73193
EUR 17,3031216,62013
OTHER CURRENCIES 57,7564152,35240
TOTAL 139,367 129,349 
Table 4: Foreign Exchange Turnover by Currency Paira Daily average (US$m)
  Oct 2020 Proportion of Total Apr 2020 Proportion of Total
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for Oct 2020 calculated on 21 trading days (Apr 2020 calculated on 20 trading days).

b Totals and sub-totals may not sum due to rounding.
AUD/USD 68,286 49 64,110 50
AUD/EUR 1,675 1 1,335 1
AUD/JPY 1,192 1 1,103 1
AUD/GBP 607 0 506 0
AUD/CHF 126 0 101 0
AUD/CAD 302 0 323 0
AUD/NZD 994 1 890 1
AUD/SEK 30 0 28 0
AUD/OTHER ASIAN 447 0 504 0
AUD/OTHER EUROPEAN 42 0 45 0
AUD/OTHER 36 0 49 0
EUR/USD 13,518 10 13,104 10
USD/JPY 17,641 13 16,111 12
USD/GBP 5,970 4 4,204 3
USD/CHF 1,318 1 909 1
USD/CAD 2,041 1 1,940 1
USD/NZD 13,682 10 11,762 9
USD/SEK 265 0 73 0
USD/OTHER ASIAN 5,880 4 7,187 6
USD/OTHER EUROPEAN 367 0 345 0
USD/OTHER 971 1 986 1
EUR/JPY 579 0 917 1
EUR/GBP 733 1 355 0
EUR/CHF 68 0 56 0
EUR/CAD 112 0 249 0
EUR/NZD 163 0 145 0
EUR/SEK 160 0 67 0
EUR/OTHER ASIAN 78 0 61 0
EUR/OTHER EUROPEAN 189 0 148 0
EUR/OTHER 29 0 182 0
RESIDUAL CURRENCIES 1,867 1 1,553 1
TOTALᵇ 139,367 129,349
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 reporting dealer double counting. Daily average for Oct 2020 calculated on 21 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 6,098 5,503 6,742 2,300 797
Against AUD 1,380 2,471 4,270 1,107 404
Against USDc 3,019 2,829 2,241 1,074 382
Against EURc 451 137 175 42 3
OTHER CURRENCIES 1,248 66 56 76 8
FX Swaps 71,698 9,120 15,548 8,416 2,116
Against AUD 39,650 4,498 6,795 4,057 1,123
Against USDc 31,713 4,565 8,092 4,094 972
Against EURc 207 34 559 156 13
OTHER CURRENCIES 129 23 101 109 8
Currency Swaps 5 437 307 384 5,558
Against AUD 0 127 235 347 1,336
Against USDc 5 310 72 37 4,179
Against EURc 0 0 0 0 31
OTHER CURRENCIES 0 0 0 0 12
OTC Options 153 408 531 292 212
Against AUD 102 208 299 156 103
Against USDc 44 155 192 117 108
Against EURc 7 45 41 9 1
OTHER CURRENCIES 0 0 0 10 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 Oth ASIAN Oth EUROP. OTHER TOTAL
a Adjusted for reporting dealer double counting. Daily average for Oct 2020 calculated on 21 trading days.

b Totals and sub-totals may not sum due to rounding.
Outright Spot 25,935 288 338 138 28 86 279 5 118 7 14 27,234
Financial Institutions - Local 6,688 126 116 79 16 36 86 4 70 4 6 7,230
Financial Institutions - Overseas 18,451 105 208 29 9 28 161 1 18 1 2 19,013
Non-financial Institutions - Local 716 56 8 28 3 22 28 1 30 1 5 899
Non-financial Institutions - Overseas 80 1 6 1 0 0 3 0 0 0 0 91
Outright Forwards 3,655 544 539 291 69 125 94 20 240 28 18 5,624
Financial Institutions - Local 1,922 396 251 242 39 59 31 12 161 18 11 3,142
Financial Institutions - Overseas 1,169 93 263 27 25 44 42 7 56 8 3 1,738
Non-financial Institutions - Local 556 55 23 21 5 23 16 2 23 2 3 727
Non-financial Institutions - Overseas 9 1 1 1 0 0 5 0 0 0 0 17
FX Swaps 37,322 799 286 171 17 90 561 5 78 7 5 39,341
Financial Institutions - Local 16,046 338 186 140 15 47 257 4 60 5 4 17,104
Financial Institutions - Overseas 20,733 428 57 17 2 28 231 0 6 0 0 21,503
Non-financial Institutions - Local 529 30 41 14 0 14 64 1 12 2 0 708
Non-financial Institutions - Overseas 14 2 2 0 0 0 9 0 0 0 0 27
Currency Swaps 985 33 20 0 0 1 26 0 0 0 0 1,065
Financial Institutions - Local 119 32 6 0 0 1 4 0 0 0 0 161
Financial Institutions - Overseas 837 1 15 0 0 0 22 0 0 0 0 876
Non-financial Institutions - Local 22 0 0 0 0 0 0 0 0 0 0 22
Non-financial Institutions - Overseas 6 0 0 0 0 0 0 0 0 0 0 6
OTC Options 388 11 9 6 12 1 34 0 11 0 0 473
Financial Institutions - Local 48 3 1 1 9 0 7 0 0 0 0 70
Financial Institutions - Overseas 265 7 8 4 3 1 25 0 4 0 0 318
Non-financial Institutions - Local 74 1 0 1 0 0 1 0 6 0 0 83
Non-financial Institutions - Overseas 2 0 0 0 0 0 0 0 0 0 0 2
Total AUD Turnover 68,286 1,675 1,192 607 126 302 994 30 447 42 36 73,737
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 Oct 2020 calculated on 21 trading days.

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

c USD turnover excludes AUD/USD turnover.
Outright Spot 2,515 1,948 1,256 287 602 5210 35 2,499 125 485 14,963
Financial Institutions - Local 373 158 233 50 146 555 10 308 41 114 1,985
Financial Institutions - Overseas 2,096 1,765 984 235 437 4,613 25 2,170 83 360 12,769
Non-financial Institutions - Local 11 1 5 0 6 9 0 6 0 2 42
Non-financial Institutions - Overseas 35 24 34 2 13 34 0 16 1 9 167
Outright Forwards 1,110 1,648 366 119 419 559 93 1,778 82 101 6,275
Financial Institutions - Local 116 80 43 8 25 57 6 286 31 45 696
Financial Institutions - Overseas 982 1,567 269 111 390 486 87 1,480 42 45 5,460
Non-financial Institutions - Local 6 1 52 0 4 6 0 9 9 7 94
Non-financial Institutions - Overseas 5 0 2 0 1 9 0 3 0 4 24
FX Swaps 9,793 11,997 4,238 902 976 7,738 137 1,498 160 379 37,817
Financial Institutions - Local 1,600 1,694 1,096 222 207 1,166 33 283 49 109 6,458
Financial Institutions - Overseas 8,187 10,302 3,115 680 764 6,523 104 1,182 110 269 31,236
Non-financial Institutions - Local 4 0 2 0 5 4 0 13 1 1 29
Non-financial Institutions - Overseas 2 0 25 0 0 45 0 21 0 0 94
Currency Swaps 37 1,982 69 0 15 147 0 21 0 0 2,270
Financial Institutions - Local 0 7 45 0 11 15 0 5 0 0 83
Financial Institutions - Overseas 37 1,975 18 0 4 132 0 16 0 0 2,182
Non-financial Institutions - Local 0 0 5 0 0 0 0 0 0 0 5
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0
OTC Options 63 65 42 10 30 29 0 83 0 5 328
Financial Institutions - Local 18 17 4 5 20 5 0 8 0 1 79
Financial Institutions - Overseas 44 48 37 5 9 22 0 75 0 1 242
Non-financial Institutions - Local 1 0 0 0 0 0 0 0 0 0 1
Non-financial Institutions - Overseas 0 0 0 0 0 1 0 0 0 3 4
Total USD Turnoverc 13,518 17,641 5,970 1,318 2,041 13,682 265 5,880 367 971 61,653
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 Oct 2020 calculated on 21 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 143 297 43 23 32 138 7 168 12 864 203 43,264
Financial Institutions - Local 21 86 10 5 5 19 1 20 1 168 47 9,431
Financial Institutions - Overseas 122 206 33 18 26 118 6 146 12 686 154 32,623
Non-financial Institutions - Local 0 4 0 0 1 0 0 0 0 5 1 948
Non-financial Institutions - Overseas 0 1 0 0 0 1 0 2 0 4 1 263
Outright Forwards 186 237 11 32 59 17 62 11 3 619 1,354 13,872
Financial Institutions - Local 2 17 1 0 11 0 0 7 3 42 84 3,963
Financial Institutions - Overseas 184 219 11 32 46 17 62 2 0 573 1,206 8,978
Non-financial Institutions - Local 0 1 0 0 1 0 0 1 0 3 56 880
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 1 9 51
FX Swaps 247 145 4 56 72 4 8 8 14 558 294 78,009
Financial Institutions - Local 9 52 0 7 19 4 1 0 0 93 68 23,723
Financial Institutions - Overseas 239 89 3 49 51 0 7 7 13 459 191 53,389
Non-financial Institutions - Local 0 3 0 0 0 0 0 0 0 4 17 758
Non-financial Institutions - Overseas 0 0 0 0 1 0 0 0 0 2 17 140
Currency Swaps 0 16 0 0 0 0 0 0 0 16 6 3,357
Financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 6 251
Financial Institutions - Overseas 0 16 0 0 0 0 0 0 0 16 0 3,073
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 27
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 6
OTC Options 3 38 10 0 0 1 0 2 0 54 10 865
Financial Institutions - Local 0 10 5 0 0 0 0 0 0 15 5 170
Financial Institutions - Overseas 3 28 5 0 0 1 0 2 0 39 5 605
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 84
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 6
Total EUR Turnoverc 579 733 68 112 163 160 78 189 29 2,111 1,867 139,367