Semi-Annual Report on Foreign Exchange Turnover – October 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 Instrument^a,b
Daily average (US$m)
	Oct 2006	Apr 2006	Change over six months
	US$m	US$m	US$m	%

Outright Spot	44,844	53,982	-9,138	-16.9
Outright Forwards	8,688	11,290	-2,602	-23.0
FX Swaps	92,801	90,032	2,770	3.1
TRADITIONAL FOREIGN EXCHANGE TURNOVER	146,334	155,303	-8,970	-5.8
OTC Options	2,735	3,524	-789	-22.4
TOTAL TURNOVER	149,068	158,827	-9,758	-6.1

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

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

Outright Spot	44,844	53,982	-9,138	-16.9
Financial Institutions - Local	7,979	7,700	279	3.6
Financial Institutions - Overseas	32,389	41,128	-8,739	-21.2
Non-financial Institutions - Local	3,379	3,590	-211	-5.9
Non-financial Institutions - Overseas	1,097	1,564	-467	-29.9
Outright Forwards	8,688	11,290	-2,602	-23.0
Financial Institutions - Local	2,008	1,883	125	6.6
Financial Institutions - Overseas	4,540	7,092	-2,552	-36.0
Non-financial Institutions - Local	1,818	1,905	-86	-4.5
Non-financial Institutions - Overseas	322	410	-88	-21.5
FX Swaps	92,801	90,032	2,770	3.1
Financial Institutions - Local	26,734	26,542	192	0.7
Financial Institutions - Overseas	59,574	57,642	1,933	3.4
Non-financial Institutions - Local	3,582	3,858	-276	-7.1
Non-financial Institutions - Overseas	2,911	1,990	921	46.3
OTC Options	2,735	3,524	-789	-22.4
Financial Institutions - Local	317	340	-23	-6.7
Financial Institutions - Overseas	1,512	1,811	-298	-16.5
Non-financial Institutions - Local	525	831	-306	-36.9
Non-financial Institutions - Overseas	381	542	-161	-29.8

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

Table 3: Foreign Exchange Turnover by Currency^a
Daily average (US$m)
	Oct 2006 US$m	Proportion of Total^b %	Apr 2006 US$m	Proportion of Total^b %

AUD	72,446	48.6	67,648	42.6
USD	131,473	88.2	143,271	90.2
OTHER CURRENCIES	94,219	63.2	106,735	67.2
TOTAL	149,068		158,827

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

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

AUD/USD	64,179	43.1	59,447	37.4
AUD/JPY	1,703	1.1	2,112	1.3
AUD/NZD	2,078	1.4	1,626	1.0
AUD/OTHER	4,486	3.0	4,463	2.8
EUR/USD	17,896	12.0	26,519	16.7
USD/JPY	13,990	9.4	17,318	10.9
USD/NZD	13,150	8.8	12,828	8.1
USD/OTHER	22,258	14.9	27,159	17.1
RESIDUAL CURRENCIES	9,329	6.3	7,355	4.6
TOTAL^b	149,068		158,827

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

Table 5: Foreign Exchange Turnover by Instrument, Counterparty and Currency^a,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	11,692	584	1,245	3,027	16,548	7,268	4,224	2,855	6,413	20,760	7,537	44,844
Financial Institutions - Local	3,756	136	297	358	4,548	642	518	1,032	899	3,091	341	7,979
Financial Institutions - Overseas	5,788	341	666	1,788	8,583	6,386	3,470	1,653	5,306	16,815	6,992	32,389
Non-financial Institutions - Local	1,864	97	258	838	3,059	85	76	23	80	264	56	3,379
Non-financial Institutions - Overseas	283	10	24	42	358	156	160	147	128	591	148	1,097
Outright Forwards	4,568	161	401	522	5,652	659	448	543	933	2,583	452	8,688
Financial Institutions - Local	1,552	37	69	86	1,744	50	8	136	47	241	23	2,008
Financial Institutions - Overseas	1,980	35	85	91	2,191	534	385	281	790	1,989	359	4,540
Non-financial Institutions - Local	958	77	222	336	1,593	53	37	25	67	183	43	1,818
Non-financial Institutions - Overseas	79	12	25	9	124	22	18	101	29	170	28	322
FX Swaps	46,865	861	184	787	48,698	9,865	9,028	9,468	14,844	43,205	899	92,801
Financial Institutions - Local	17,153	194	141	253	17,741	1,813	1,160	2,810	2,900	8,682	311	26,734
Financial Institutions - Overseas	26,405	438	7	118	26,968	7,411	7,522	6,339	10,905	32,176	430	59,574
Non-financial Institutions - Local	2,542	153	32	407	3,134	131	66	189	45	431	17	3,582
Non-financial Institutions - Overseas	765	75	5	9	855	511	280	130	995	1,916	141	2,911
OTC Options	1,054	98	247	150	1,549	103	290	284	68	745	441	2,735
Financial Institutions - Local	116	10	87	13	226	8	36	10	10	64	27	317
Financial Institutions - Overseas	647	66	106	71	890	52	166	141	48	408	214	1,512
Non-financial Institutions - Local	197	17	17	4	236	22	57	72	10	161	127	525
Non-financial Institutions - Overseas	93	5	37	62	196	20	31	60	1	113	72	381
Total Turnover	64,179	1,703	2,078	4,486	72,446	17,896	13,990	13,150	22,258	67,294	9,329	149,068

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