Semi-Annual Report on Foreign Exchange Turnover – APRIL 2006

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: Foreign Exchange Turnover by Instrument, Counterparty and Currency

Table 1: Foreign Exchange Turnover by Instrumenta,b
Daily average (US$m)
 
Apr 2006
Oct 2005
Change over six months
 
US$m
US$m
US$m
%

Outright Spot
53,982
36,076
17,906
49.6
Outright Forwards
11,290
7,197
4,093
56.9
FX Swaps
90,032
71,025
19,007
26.8
TRADITIONAL FOREIGN EXCHANGE TURNOVER
155,303
114,298
41,005
35.9
OTC Options
3,524
2,143
1,381
64.4
TOTAL TURNOVER
158,827
116,441
42,386
36.4

a Adjusted for reporting dealer double counting. Daily average for April 2006 calculated on 17 trading days (October 2005 calculated on 19 trading days).
b Totals and sub-totals may not sum due to rounding.

Table 2: Foreign Exchange Turnover by Instrument and Counterpartya,b
Daily average (US$m)
 
Apr 2006
Oct 2005
Change over six months
 
US$m
US$m
US$m
%

Outright Spot
53,982
36,076
17,906
49.6
Financial Institutions - Local
7,700
6,893
808
11.7
Financial Institutions - Overseas
41,128
24,637
16,491
66.9
Non-financial Institutions - Local
3,590
2,952
637
21.6
Non-financial Institutions - Overseas
1,564
1,594
-30
-1.9
Outright Forwards
11,290
7,197
4,093
56.9
Financial Institutions - Local
1,883
1,620
263
16.2
Financial Institutions - Overseas
7,092
3,968
3,124
78.7
Non-financial Institutions - Local
1,905
1,302
603
46.3
Non-financial Institutions - Overseas
410
306
104
33.8
FX Swaps
90,032
71,025
19,007
26.8
Financial Institutions - Local
26,542
20,264
6,278
31.0
Financial Institutions - Overseas
57,642
46,395
11,246
24.2
Non-financial Institutions - Local
3,858
2,842
1,016
35.7
Non-financial Institutions - Overseas
1,990
1,524
466
30.6
OTC Options
3,524
2,143
1,381
64.4
Financial Institutions - Local
340
241
99
41.0
Financial Institutions - Overseas
1,811
1,306
505
38.7
Non-financial Institutions - Local
831
254
577
227.1
Non-financial Institutions - Overseas
542
342
200
58.5

a Adjusted for reporting dealer double counting. Daily average for April 2006 calculated on 17 trading days (October 2005 calculated on 19 trading days).
b Sub-totals may not sum due to rounding.

Table 3: Foreign Exchange Turnover by Currencya
Daily average (US$m)
 
Apr 2006
US$m
Proportion of Totalb
%
Oct 2005
US$m
Proportion of Totalb
%

AUD
67,648
42.6
55,070
47.3
USD
143,271
90.2
105,551
90.6
OTHER CURRENCIES
106,735
67.2
72,260
62.1
TOTAL
158,827
116,441

a Adjusted for reporting dealer double counting. Daily average for April 2006 calculated on 17 trading days (October 2005 calculated on 19 trading days).
b Proportions sum to 200% as there are two currencies involved in each transaction.

Table 4: Foreign Exchange Turnover by Currency Paira
Daily average (US$m)
 
Apr 2006
US$m
Proportion of Total
%
Oct 2005
US$m
Proportion of Total
%

AUD/USD
59,447
37.4
48,550
41.7
AUD/JPY
2,112
1.3
1,724
1.5
AUD/NZD
1,626
1.0
1,198
1.0
AUD/OTHER
4,463
2.8
3,599
3.1
EUR/USD
26,519
16.7
17,962
15.4
USD/JPY
17,318
10.9
10,701
9.2
USD/NZD
12,828
8.1
9,810
8.4
USD/OTHER
27,159
17.1
18,528
15.9
RESIDUAL CURRENCIES
7,355
4.6
4,369
3.8
TOTALb
158,827
116,441

a Adjusted for reporting dealer double counting. Daily average for April 2006 calculated on 17 trading days (October 2005 calculated on 19 trading days).
b Totals may not sum due to rounding.

Table 5: Foreign Exchange Turnover by Instrument, Counterparty and Currencya,b
Daily average (US$m)
  AUD Against USD Against    
 
USD
JPY
NZD
OTHER
TOTAL
EUR
JPY
NZD
OTHER
TOTAL
RESID-
UALS
GRAND
TOTAL
 


Outright Spot
14,223
603
908
2,782
18,516
12,386
5,767
2,718
9,042
29,914
5,552
53,982
Financial Institutions - Local
3,748
95
185
173
4,202
1,156
529
601
1,002
3,288
210
7,700
Financial Institutions - Overseas
8,139
382
538
1,620
10,679
10,708
4,911
1,916
7,815
25,351
5,098
41,128
Non-financial Institutions - Local
1,919
100
147
959
3,125
177
87
20
111
396
69
3,590
Non-financial Institutions - Overseas
417
26
37
30
511
345
239
181
113
878
175
1,564
Outright Forwards
5,870
223
389
633
7,116
1,212
554
753
1,271
3,791
383
11,290
Financial Institutions - Local
1,261
23
130
81
1,496
117
34
111
112
375
12
1,883
Financial Institutions - Overseas
3,486
60
54
167
3,768
959
429
554
1,068
3,009
315
7,092
Non-financial Institutions - Local
1,021
135
175
376
1,707
51
44
30
45
171
27
1,905
Non-financial Institutions - Overseas
101
5
30
9
145
85
48
58
45
236
29
410
FX Swaps
37,281
1,125
199
948
39,553
12,815
10,574
9,162
16,805
49,356
1,123
90,032
Financial Institutions - Local
14,321
260
121
206
14,909
2,113
1,863
2,359
4,662
10,996
638
26,542
Financial Institutions - Overseas
19,902
573
16
214
20,705
10,151
8,305
6,533
11,753
36,741
195
57,642
Non-financial Institutions - Local
2,422
180
43
523
3,168
270
148
129
101
647
42
3,858
Non-financial Institutions - Overseas
636
111
18
4
771
281
259
142
290
972
248
1,990
OTC Options
2,074
161
129
100
2,463
106
422
194
41
763
297
3,524
Financial Institutions - Local
172
21
40
0
233
38
41
13
5
98
9
340
Financial Institutions - Overseas
1,086
73
43
39
1,242
40
273
64
27
405
164
1,811
Non-financial Institutions - Local
667
10
18
12
707
14
30
43
8
95
29
831
Non-financial Institutions - Overseas
149
56
27
49
281
13
78
74
1
166
96
542
Total Turnover
59,447
2,112
1,626
4,463
67,648
26,519
17,318
12,828
27,159
83,823
7,355
158,827

a Adjusted for reporting dealer double counting. Daily average for April 2006 calculated on 17 trading days. (October 2005 calculated on 19 trading days).
b Totals and sub-totals may not sum due to rounding.