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Foreign Exchange Turnover Report – October 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$m)
  Oct 2021 Apr 2021
  US$m US$m
a Adjusted for reporting dealer double counting. Daily average for Oct 2021 calculated on 20 trading days (Apr 2021 calculated on 20 trading days).

b Totals and sub-totals may not sum due to rounding.
Outright Spot 40,19036,864
Outright Forwards 18,70319,273
FX Swaps 71,75179,641
TRADITIONAL FOREIGN EXCHANGE TURNOVERb 130,646135,779
Currency Swaps 2,5422,842
OTC Options 1,229790
TOTAL TURNOVER 134,419139,412
Table 2: Foreign Exchange Turnover by Instrument and Counterpartya,b Daily average (US$m)
  Oct 2021 Apr 2021
  US$m US$m
a Adjusted for reporting dealer double counting. Daily average for Oct 2021 calculated on 20 trading days (Apr 2021 calculated on 20 trading days).

b Totals and sub-totals may not sum due to rounding.
Outright Spot 40,190 36,864
Financial Institutions - Local 6,389 5,506
Financial Institutions - Overseas 32,208 30,034
Non-financial Institutions - Local 1,330 1,166
Non-financial Institutions - Overseas 263 158
Outright Forwards 18,703 19,273
Financial Institutions - Local 6,042 4,648
Financial Institutions - Overseas 11,275 13,050
Non-financial Institutions - Local 1,251 1,460
Non-financial Institutions - Overseas 135 115
FX Swaps 71,751 79,641
Financial Institutions - Local 23,573 24,893
Financial Institutions - Overseas 47,051 53,598
Non-financial Institutions - Local 915 924
Non-financial Institutions - Overseas 212 226
Currency Swaps 2,542 2,842
Financial Institutions - Local 862 841
Financial Institutions - Overseas 1,536 1,909
Non-financial Institutions - Local 100 76
Non-financial Institutions - Overseas 44 15
OTC Options 1,229 790
Financial Institutions - Local 184 155
Financial Institutions - Overseas 726 549
Non-financial Institutions - Local 253 73
Non-financial Institutions - Overseas 67 12
Table 3: Foreign Exchange Turnover by Currencya Daily average (US$m)
  Oct 2021 Proportion of Totalb Apr 2021 Proportion of Totalb
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for Oct 2021 calculated on 20 trading days (Apr 2021 calculated on 20 trading days).

b Totals and sub-totals may not sum due to rounding.
AUD 68,577 51 69,014 50
USD 123,657 92 128,452 92
EUR 20,094 15 21,316 15
OTHER CURRENCIES 56,503 42 60,038 43
TOTAL 134,415 139,410
Table 4: Foreign Exchange Turnover by Currency Paira Daily average (US$m)
  Oct 2021 Proportion of Total Apr 2021 Proportion of Total
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for Oct 2021 calculated on 20 trading days (Apr 2021 calculated on 20 trading days).

b Totals and sub-totals may not sum due to rounding.
AUD/USD 61,765 46 62,826 45
AUD/EUR 2,359 2 1,995 1
AUD/JPY 1,136 1 1,044 1
AUD/GBP 834 1 745 1
AUD/CHF 149 0 148 0
AUD/CAD 423 0 314 0
AUD/NZD 1,133 1 1,262 1
AUD/SEK 65 0 56 0
AUD/OTHER ASIAN 597 0 496 0
AUD/OTHER EUROPEAN 75 0 62 0
AUD/OTHER 42 0 67 0
EUR/USD 15,286 11 16,925 12
USD/JPY 11,788 9 10,841 8
USD/GBP 7,876 6 7,058 5
USD/CHF 1,414 1 1,308 1
USD/CAD 3,250 2 3,906 3
USD/NZD 12,364 9 14,594 10
USD/SEK 244 0 148 0
USD/OTHER ASIAN 7,835 6 9,312 7
USD/OTHER EUROPEAN 564 0 444 0
USD/OTHER 1,270 1 1,091 1
EUR/JPY 761 1 837 1
EUR/GBP 553 0 433 0
EUR/CHF 98 0 231 0
EUR/CAD 284 0 221 0
EUR/NZD 298 0 169 0
EUR/SEK 151 0 140 0
EUR/OTHER ASIAN 34 0 100 0
EUR/OTHER EUROPEAN 257 0 246 0
EUR/OTHER 12 0 19 0
RESIDUAL CURRENCIES 1,497 1 2,374 2
TOTALb 134,415 139,410
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 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 9,140 5,279 9,993 3,437 1,651
Against AUD 2,681 2,975 6,624 2,177 1,006
Against USDc 4,936 2,011 3,175 1,082 634
Against EURc 610 245 133 156 6
OTHER CURRENCIES 913 48 60 23 5
FX Swaps 62,154 8,462 16,479 9,685 5,095
Against AUD 33,356 4,342 5,468 4,671 2,482
Against USDc 28,498 3,968 10,767 4,537 2,561
Against EURc 257 123 223 339 41
OTHER CURRENCIES 43 29 22 138 11
Currency Swaps 1 0 294 635 5,649
Against AUD 0 0 58 516 4,301
Against USDc 0 0 68 119 1,299
Against EURc 1 0 137 0 34
OTHER CURRENCIES 0 0 31 0 15
OTC Options 130 353 862 486 588
Against AUD 100 148 415 351 270
Against USDc 29 171 428 122 315
Against EURc 0 30 18 12 1
OTHER CURRENCIES 0 4 1 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 Oct 2021 calculated on 20 trading days.

b Totals and sub-totals may not sum due to rounding.
Outright Spot 19,356 538 362 236 31 99 437 10 150 12 18 21,249
Financial Institutions - Local 2,220 197 94 129 17 55 134 8 96 6 9 2,966
Financial Institutions - Overseas 16,039 244 239 61 11 33 233 2 26 3 3 16,894
Non-financial Institutions - Local 1,017 91 12 46 3 10 65 1 28 2 6 1,281
Non-financial Institutions - Overseas 79 5 17 1 0 0 5 0 0 0 0 107
Outright Forwards 6,413 632 528 333 87 264 124 44 300 33 18 8,777
Financial Institutions - Local 3,671 388 223 229 52 139 44 18 184 15 10 4,973
Financial Institutions - Overseas 1,829 150 272 81 29 111 56 23 89 13 6 2,660
Non-financial Institutions - Local 889 94 29 23 7 14 12 3 24 5 3 1,101
Non-financial Institutions - Overseas 24 0 4 0 0 0 11 0 3 0 0 43
FX Swaps 33,749 1,087 206 240 30 57 496 11 115 30 6 36,025
Financial Institutions - Local 13,507 491 78 145 20 35 233 6 71 19 5 14,608
Financial Institutions - Overseas 19,492 534 120 44 10 16 213 4 23 9 0 20,465
Non-financial Institutions - Local 653 61 7 52 0 6 38 1 21 2 1 841
Non-financial Institutions - Overseas 98 1 0 0 0 0 12 0 0 0 0 111
Currency Swaps 1,702 64 22 0 0 0 51 0 25 0 0 1,863
Financial Institutions - Local 645 0 7 0 0 0 1 0 0 0 0 654
Financial Institutions - Overseas 999 20 14 0 0 0 48 0 0 0 0 1,080
Non-financial Institutions - Local 53 20 0 0 0 0 2 0 25 0 0 100
Non-financial Institutions - Overseas 5 24 0 0 0 0 0 0 0 0 0 29
OTC Options 544 39 19 24 0 3 26 0 7 0 0 663
Financial Institutions - Local 67 0 0 0 0 0 3 0 1 0 0 72
Financial Institutions - Overseas 298 15 19 1 0 2 15 0 3 0 0 354
Non-financial Institutions - Local 178 23 0 23 0 0 8 0 4 0 0 236
Non-financial Institutions - Overseas 1 0 0 0 0 0 0 0 0 0 0 1
Total AUD Turnover 61,765 2,359 1,136 834 149 423 1,133 65 597 75 42 68,577
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 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 3,880 2,556 1,714 441 1,082 4067 54 3,166 203 484 17,647
Financial Institutions - Local 704 356 422 77 203 840 18 384 68 76 3,148
Financial Institutions - Overseas 3,138 2,191 1,260 362 872 3,187 36 2,732 134 389 14,301
Non-financial Institutions - Local 14 3 3 1 4 6 0 11 0 3 45
Non-financial Institutions - Overseas 24 6 28 1 4 34 0 39 1 16 152
Outright Forwards 2,078 1,157 1,489 391 212 479 51 1,977 66 197 8,097
Financial Institutions - Local 125 103 163 35 56 27 2 363 9 86 970
Financial Institutions - Overseas 1,917 1,050 1,305 355 148 409 49 1,532 54 75 6,896
Non-financial Institutions - Local 15 3 16 0 4 10 0 63 2 30 144
Non-financial Institutions - Overseas 21 1 5 0 3 33 0 19 0 6 86
FX Swaps 9,083 7,774 4,539 581 1,928 7,491 138 2,646 295 545 35,019
Financial Institutions - Local 2,946 1,409 1,759 133 602 1,184 45 415 155 90 8,738
Financial Institutions - Overseas 6,116 6,347 2,776 446 1,322 6,247 92 2,198 135 449 26,128
Non-financial Institutions - Local 14 15 3 1 0 7 0 18 5 1 63
Non-financial Institutions - Overseas 7 3 1 2 3 54 0 16 0 5 90
Currency Swaps 109 215 35 0 0 228 1 9 0 0 597
Financial Institutions - Local 16 5 0 0 0 127 1 9 0 0 157
Financial Institutions - Overseas 87 210 35 0 0 98 0 0 0 0 430
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0
Non-financial Institutions - Overseas 6 0 0 0 0 3 0 0 0 0 9
OTC Options 135 86 99 1 29 100 0 38 1 45 533
Financial Institutions - Local 15 32 14 0 17 16 0 5 0 6 105
Financial Institutions - Overseas 120 54 32 1 9 60 0 30 1 38 345
Non-financial Institutions - Local 0 0 0 0 0 17 0 0 0 0 17
Non-financial Institutions - Overseas 0 0 52 0 3 7 0 3 0 0 65
Total USD Turnoverc 15,286 11,788 7,876 1,414 3,250 12,364 244 7,835 564 1,270 61,892
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 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 162 281 60 28 87 109 12 219 5 964 331 40,190
Financial Institutions - Local 16 53 17 6 11 17 3 57 1 181 93 6,389
Financial Institutions - Overseas 146 226 44 21 75 91 10 162 4 778 234 32,208
Non-financial Institutions - Local 0 1 0 0 1 0 0 0 0 2 1 1,330
Non-financial Institutions - Overseas 0 1 0 0 1 0 0 0 0 2 2 263
Outright Forwards 414 80 20 231 43 22 16 30 4 859 970 18,703
Financial Institutions - Local 11 7 1 4 2 12 1 12 0 50 49 6,042
Financial Institutions - Overseas 402 72 19 227 41 10 15 16 3 804 914 11,275
Non-financial Institutions - Local 0 1 0 0 0 0 1 1 0 4 2 1,251
Non-financial Institutions - Overseas 0 1 0 0 0 0 0 0 0 1 4 135
FX Swaps 170 137 18 26 157 19 5 9 2 543 163 71,751
Financial Institutions - Local 21 120 2 13 14 0 1 3 1 176 51 23,573
Financial Institutions - Overseas 146 10 16 12 141 19 4 5 1 355 103 47,051
Non-financial Institutions - Local 0 7 0 0 0 0 0 0 0 7 3 915
Non-financial Institutions - Overseas 3 0 0 0 2 0 0 0 0 5 6 212
Currency Swaps 5 37 0 0 9 0 0 0 0 51 30 2,542
Financial Institutions - Local 3 23 0 0 9 0 0 0 0 35 15 862
Financial Institutions - Overseas 2 8 0 0 0 0 0 0 0 10 15 1,536
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 100
Non-financial Institutions - Overseas 0 6 0 0 0 0 0 0 0 6 0 44
OTC Options 9 18 0 0 2 0 0 0 1 31 3 1,229
Financial Institutions - Local 0 6 0 0 0 0 0 0 0 6 1 184
Financial Institutions - Overseas 9 12 0 0 2 0 0 0 1 24 3 726
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 253
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 67
Total EUR Turnoverc 761 553 98 284 298 151 34 257 12 2,449 1,497 134,415