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Foreign Exchange Turnover Report – April 2021

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$m)
  Apr 2021 Oct 2020
  US$m US$m
a Adjusted for reporting dealer double counting. Daily average for Apr 2021 calculated on 20 trading days (Oct 2020 calculated on 21 trading days).

b Totals and sub-totals may not sum due to rounding.
Outright Spot 36,864 43,264
Outright Forwards 19,273 13,872
FX Swaps 79,641 78,009
TRADITIONAL FOREIGN EXCHANGE TURNOVERb 135,779 135,147
Currency Swaps 2,842 3,357
OTC Options 790 865
TOTAL TURNOVER 139,412 139,370
Table 2: Foreign Exchange Turnover by Instrument and Counterpartya,b Daily average (US$m)
  Apr 2021 Oct 2020
  US$m US$m
a Adjusted for reporting dealer double counting. Daily average for Apr 2021 calculated on 20 trading days (Oct 2020 calculated on 21 trading days).

b Totals and sub-totals may not sum due to rounding.
Outright Spot 36,864 43,264
Financial Institutions - Local 5,506 9,431
Financial Institutions - Overseas 30,034 32,623
Non-financial Institutions - Local 1,166 948
Non-financial Institutions - Overseas 158 263
Outright Forwards 19,273 13,872
Financial Institutions - Local 4,648 3,963
Financial Institutions - Overseas 13,050 8,978
Non-financial Institutions - Local 1,460 880
Non-financial Institutions - Overseas 115 51
FX Swaps 79,641 78,009
Financial Institutions - Local 24,893 23,723
Financial Institutions - Overseas 53,598 53,389
Non-financial Institutions - Local 924 758
Non-financial Institutions - Overseas 226 140
Currency Swaps 2,842 3,357
Financial Institutions - Local 841 251
Financial Institutions - Overseas 1,909 3,073
Non-financial Institutions - Local 76 27
Non-financial Institutions - Overseas 15 6
OTC Options 790 865
Financial Institutions - Local 155 170
Financial Institutions - Overseas 549 605
Non-financial Institutions - Local 73 84
Non-financial Institutions - Overseas 12 6
Table 3: Foreign Exchange Turnover by Currencya Daily average (US$m)
  Apr 2021 Proportion of Totalb Oct 2020 Proportion of Totalb
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for Apr 2021 calculated on 20 trading days (Oct 2020 calculated on 21 trading days).

b Totals and sub-totals may not sum due to rounding.
AUD 69,014 50 73,737 53
USD 128,452 92 129,938 93
EUR 21,316 15 17,303 12
OTHER CURRENCIES 60,038 43 57,756 41
TOTAL 139,410   139,367  
Table 4: Foreign Exchange Turnover by Currency Paira,b Daily average (US$m)
  Apr 2021 Proportion of Total Oct 2020 Proportion of Total
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for Apr 2021 calculated on 20 trading days (Oct 2020 calculated on 21 trading days).

b Totals and sub-totals may not sum due to rounding.
AUD/USD 62,826 45 68,286 49
AUD/EUR 1,995 1 1,675 1
AUD/JPY 1,044 1 1,192 1
AUD/GBP 745 1 607 0
AUD/CHF 148 0 126 0
AUD/CAD 314 0 302 0
AUD/NZD 1,262 1 994 1
AUD/SEK 56 0 30 0
AUD/OTHER ASIAN 496 0 447 0
AUD/OTHER EUROPEAN 62 0 42 0
AUD/OTHER 67 0 36 0
EUR/USD 16,925 12 13,518 10
USD/JPY 10,841 8 17,641 13
USD/GBP 7,058 5 5,970 4
USD/CHF 1,308 1 1,318 1
USD/CAD 3,906 3 2,041 1
USD/NZD 14,594 10 13,682 10
USD/SEK 148 0 265 0
USD/OTHER ASIAN 9,312 7 5,880 4
USD/OTHER EUROPEAN 444 0 367 0
USD/OTHER 1,091 1 971 1
EUR/JPY 837 1 579 0
EUR/GBP 433 0 733 1
EUR/CHF 231 0 68 0
EUR/CAD 221 0 112 0
EUR/NZD 169 0 163 0
EUR/SEK 140 0 160 0
EUR/OTHER ASIAN 100 0 78 0
EUR/OTHER EUROPEAN 246 0 189 0
EUR/OTHER 19 0 29 0
RESIDUAL CURRENCIES 2,374 2 1,867 1
TOTALb 139,410   139,367  
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 Apr 2021 calculated on 20 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 10,800 6,342 6,582 3,123 1,190
Against AUD 2,484 3,362 4,003 1,560 621
Against USDc 5,519 2,781 2,250 1,502 539
Against EURc 975 161 257 29 19
OTHER CURRENCIES 1,822 37 72 33 11
FX Swaps 72,913 9,607 13,277 8,297 3,532
Against AUD 40,028 3,547 6,063 5,289 1,601
Against USDc 32,657 6,002 7,104 2,828 1,746
Against EURc 133 48 90 120 90
OTHER CURRENCIES 95 10 20 60 95
Currency Swaps 0 349 134 646 4,259
Against AUD 0 92 63 294 3,064
Against USDc 0 49 71 352 1,145
Against EURc 0 208 0 0 0
OTHER CURRENCIES 0 0 0 0 50
OTC Options 114 344 468 232 354
Against AUD 42 139 280 136 171
Against USDc 64 195 185 95 171
Against EURc 8 9 2 1 9
OTHER CURRENCIES 0 0 0 0 2
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 Apr 2021 calculated on 20 trading days.

b Totals and sub-totals may not sum due to rounding.
Outright Spot 17,055 361 287 232 43 110 360 11 98 14 12 18,584
Financial Institutions - Local 2,671 187 125 149 27 59 136 7 46 11 5 3,422
Financial Institutions - Overseas 13,439 101 145 54 12 28 193 2 14 2 2 13,992
Non-financial Institutions - Local 887 71 17 28 4 23 28 2 37 2 5 1,104
Non-financial Institutions - Overseas 57 2 0 1 0 0 3 0 1 0 0 65
Outright Forwards 5,000 557 584 299 84 146 223 32 311 27 47 7,310
Financial Institutions - Local 2,368 361 209 180 57 96 59 16 219 19 22 3,606
Financial Institutions - Overseas 1,543 92 332 95 17 21 127 10 49 6 23 2,315
Non-financial Institutions - Local 1,073 98 34 23 10 28 34 6 43 2 3 1,354
Non-financial Institutions - Overseas 16 7 8 1 0 0 3 0 0 0 0 35
FX Swaps 38,802 1,059 139 213 17 58 599 13 81 20 7 41,008
Financial Institutions - Local 15,335 312 68 155 14 41 292 10 50 16 6 16,297
Financial Institutions - Overseas 22,644 698 63 41 3 7 260 1 12 0 1 23,730
Non-financial Institutions - Local 720 47 7 17 0 10 41 1 20 4 1 868
Non-financial Institutions - Overseas 103 2 1 0 0 0 6 0 0 0 0 112
Currency Swaps 1,601 15 24 0 4 0 69 0 3 0 0 1,714
Financial Institutions - Local 474 0 8 0 4 0 15 0 0 0 0 501
Financial Institutions - Overseas 1,056 14 16 0 0 0 54 0 0 0 0 1,140
Non-financial Institutions - Local 71 0 0 0 0 0 0 0 3 0 0 73
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 0
OTC Options 368 3 11 1 0 0 11 0 3 0 0 398
Financial Institutions - Local 87 0 0 0 0 0 1 0 0 0 0 88
Financial Institutions - Overseas 211 3 11 0 0 0 11 0 3 0 0 237
Non-financial Institutions - Local 69 1 0 1 0 0 0 0 0 0 0 71
Non-financial Institutions - Overseas 1 0 0 0 0 0 0 0 0 0 0 1
Total AUD Turnover 62,826 1,995 1,044 745 148 314 1,262 56 496 62 67 69,014
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 Apr 2021 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 2,995 2,134 1,343 301 796 4271 47 4,843 136 329 17,196
Financial Institutions - Local 385 228 284 53 168 266 13 375 46 52 1,869
Financial Institutions - Overseas 2,575 1,886 1,052 244 618 3,972 33 4,446 89 268 15,183
Non-financial Institutions - Local 17 3 3 1 6 6 0 17 0 3 57
Non-financial Institutions - Overseas 18 18 5 3 5 27 0 6 1 5 87
Outright Forwards 1,966 2,195 466 89 683 573 12 2,614 110 206 8,914
Financial Institutions - Local 116 117 83 6 40 45 3 323 33 145 909
Financial Institutions - Overseas 1,835 2,067 364 83 629 488 9 2,242 66 48 7,829
Non-financial Institutions - Local 9 1 18 0 12 7 0 39 11 4 100
Non-financial Institutions - Overseas 6 10 2 0 3 33 0 11 0 9 75
FX Swaps 11,816 6,446 5,208 913 2,409 8,745 89 1,748 197 544 38,117
Financial Institutions - Local 2,270 2,134 1,323 365 446 1,355 25 416 83 88 8,505
Financial Institutions - Overseas 9,527 4,309 3,881 545 1,956 7,315 64 1,310 112 454 29,472
Non-financial Institutions - Local 13 1 2 1 8 8 0 3 3 2 40
Non-financial Institutions - Overseas 6 3 2 2 0 68 0 19 0 1 100
Currency Swaps 76 24 22 0 0 902 0 4 0 0 1,027
Financial Institutions - Local 1 5 0 0 0 277 0 4 0 0 287
Financial Institutions - Overseas 63 18 22 0 0 625 0 0 0 0 728
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0
Non-financial Institutions - Overseas 12 0 0 0 0 0 0 0 0 0 12
OTC Options 71 42 19 5 17 102 0 103 1 13 372
Financial Institutions - Local 15 13 1 0 8 22 0 3 0 4 66
Financial Institutions - Overseas 52 28 17 5 8 75 0 98 1 8 293
Non-financial Institutions - Local 1 0 0 0 0 0 0 0 0 0 2
Non-financial Institutions - Overseas 4 0 0 0 0 5 0 1 0 1 11
Total USD Turnoverc 16,925 10,841 7,058 1,308 3,906 14,594 148 9,312 444 1,091 65,626
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 Apr 2021 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 145 179 102 21 47 128 14 207 5 848 235 36,864
Financial Institutions - Local 15 29 21 11 9 10 3 34 1 133 82 5,506
Financial Institutions - Overseas 129 149 82 9 37 119 11 172 4 713 146 30,034
Non-financial Institutions - Local 0 1 0 0 0 0 0 0 0 2 3 1,166
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 1 5 158
Outright Forwards 617 150 128 150 34 7 68 15 11 1,181 1,869 19,273
Financial Institutions - Local 5 2 3 4 14 0 8 0 4 40 93 4,648
Financial Institutions - Overseas 612 148 124 146 20 7 60 13 7 1,137 1,769 13,050
Non-financial Institutions - Local 0 0 0 0 0 0 0 2 0 3 2 1,460
Non-financial Institutions - Overseas 0 0 0 0 1 0 0 0 0 1 4 115
FX Swaps 66 60 1 38 88 4 13 24 2 296 220 79,641
Financial Institutions - Local 24 27 0 0 5 0 2 4 0 62 28 24,893
Financial Institutions - Overseas 42 32 0 38 83 4 11 16 2 228 168 53,598
Non-financial Institutions - Local 0 1 0 0 0 0 0 4 0 5 11 924
Non-financial Institutions - Overseas 0 0 0 0 1 0 0 0 0 1 12 226
Currency Swaps 0 40 0 11 0 0 0 0 0 52 49 2,842
Financial Institutions - Local 0 40 0 11 0 0 0 0 0 52 1 841
Financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 42 1,909
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 3 76
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 3 15
OTC Options 10 4 0 0 0 0 5 0 0 18 1 790
Financial Institutions - Local 1 0 0 0 0 0 0 0 0 1 0 155
Financial Institutions - Overseas 8 4 0 0 0 0 5 0 0 17 1 549
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 73
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 12
Total EUR Turnoverc 837 433 231 221 169 140 100 246 19 2,395 2,374 139,410