Foreign Exchange Turnover Report – October 2013

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$m)
  Oct 2013 Apr 2013 Change over six months
  US$m US$m US$m %
a Adjusted for reporting dealer double counting. Daily average for October 2013 calculated on 22 trading days (April 2013 calculated on 20 trading days).

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

Outright Spot 38,644 47,754 −9,110 −19
Outright Forwards 9,653 11,615 −1,962 −17
FX Swaps 116,199 115,243 956 1
TRADITIONAL FOREIGN EXCHANGE TURNOVERb 164,496 174,612 −10,116 −6
Currency Swaps 2,821 4,466 −1,645 −37
OTC Options 1,330 2,629 −1,299 −49
TOTAL TURNOVER 168,647 181,707 −13,060 −7

Table 2: Foreign Exchange Turnover by Instrument and Counterpartya,b Daily average (US$m)
  Oct 2013 Apr 2013 Change over six months
  US$m US$m US$m %
a Adjusted for reporting dealer double counting. Daily average for October 2013 calculated on 22 trading days (April 2013 calculated on 20 trading days).

b Sub-totals may not sum due to rounding.

Outright Spot 38,644 47,754 −9,110 −19
Financial Institutions - Local 5,533 7,250 −1,717 −24
Financial Institutions - Overseas 30,758 37,590 −6,833 −18
Non-financial Institutions - Local 1,850 2,148 −297 −14
Non-financial Institutions - Overseas 503 766 −263 −34
Outright Forwards 9,653 11,615 −1,962 −17
Financial Institutions - Local 3,493 3,811 −318 −8
Financial Institutions - Overseas 3,783 5,110 −1,327 −26
Non-financial Institutions - Local 1,368 1,453 −84 −6
Non-financial Institutions - Overseas 1,009 1,242 −233 −19
FX Swaps 116,199 115,243 956 1
Financial Institutions - Local 20,509 21,087 −579 −3
Financial Institutions - Overseas 92,838 89,201 3,636 4
Non-financial Institutions - Local 957 1,032 −75 −7
Non-financial Institutions - Overseas 1,895 3,922 −2,027 −52
Currency Swaps 2,821 4,466 −1,645 −37
Financial Institutions - Local 824 986 −162 −16
Financial Institutions - Overseas 1,954 3,351 −1,397 −42
Non-financial Institutions - Local 42 72 −30 −41
Non-financial Institutions - Overseas 1 58 −56 −98
OTC Options 1,330 2,629 −1,299 −49
Financial Institutions - Local 91 156 −65 −42
Financial Institutions - Overseas 820 2,100 −1,279 −61
Non-financial Institutions - Local 212 330 −118 −36
Non-financial Institutions - Overseas 207 43 164 382

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Table 3: Foreign Exchange Turnover by Currencya Daily average (US$m)
  Oct 2013 Proportion of Totalb Apr 2013 Proportion of Totalb
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for October 2013 calculated on 22 trading days (April 2013 calculated on 20 trading days).

b Proportions sum to 200% as there are two currencies involved in each transaction.

AUD 86,640 51 91,344 50
USD 153,456 91 164,332 90
EUR 33,014 20 26,571 15
OTHER CURRENCIES 64,184 38 81,167 45
TOTAL 168,647   181,707  

Table 4: Foreign Exchange Turnover by Currency Paira Daily average (US$m)
  Oct 2013 Proportion of Total Apr 2013 Proportion of Total
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for October 2013 calculated on 22 trading days (April 2013 calculated on 20 trading days).

b Totals may not sum due to rounding.

AUD/USD 77,624 46 80,511 44
AUD/EUR 2,185 1 2,516 1
AUD/JPY 3,066 2 2,850 2
AUD/GBP 1,102 1 2,290 1
AUD/CHF 227 0 203 0
AUD/CAD 433 0 559 0
AUD/NZD 1,254 1 1,500 1
AUD/SEK 59 0 62 0
AUD/OTHER ASIAN 594 0 644 0
AUD/OTHER EUROPEAN 45 0 118 0
AUD/OTHER 48 0 92 0
EUR/USD 27,211 16 20,613 11
USD/JPY 15,627 9 20,851 11
USD/GBP 9,030 5 8,975 5
USD/CHF 1,790 1 1,543 1
USD/CAD 2,955 2 4,068 2
USD/NZD 12,313 7 16,958 9
USD/SEK 511 0 858 0
USD/OTHER ASIAN 3,884 2 6,229 3
USD/OTHER EUROPEAN 698 0 958 1
USD/OTHER 1,814 1 2,769 2
EUR/JPY 910 1 1,329 1
EUR/GBP 911 1 741 0
EUR/CHF 320 0 192 0
EUR/CAD 264 0 192 0
EUR/NZD 468 0 257 0
EUR/SEK 82 0 78 0
EUR/OTHER ASIAN 254 0 165 0
EUR/OTHER EUROPEAN 195 0 101 0
EUR/OTHER 213 0 387 0
RESIDUAL CURRENCIES 2,557 2 3,100 2
TOTALb 168,647   181,707  

Table 5: Maturities by Instrument and Currencya,b Daily average (US$m)
  Seven days or less Seven days to 1 year Over 1 year
  US$m US$m US$m
a Not adjusted for reporter dealer double counting. Daily average for October 2013 calculated on 22 trading days (April 2013 calculated on 20 trading days).

b 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 4,418 5,331 85
Against AUD 3,175 3,714 45
Against USDc 1,167 1,464 40
Against EURc 37 63 0
OTHER CURRENCIES 39 90 0
FX Swaps 106,950 22,910 201
Against AUD 62,102 9,526 85
Against USDc 44,232 13,008 112
Against EURc 495 291 0
OTHER CURRENCIES 122 85 4
Currency Swaps 195 696 2,498
Against AUD 192 550 2,211
Against USDc 3 146 282
Against EURc 0 0 0
OTHER CURRENCIES 0 0 5
OTC Options 453 847 95
Against AUD 270 595 30
Against USDc 171 226 59
Against EURc 10 11 6
OTHER CURRENCIES 2 15 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 Other
ASIAN
Other
EUROPEAN
OTHER  TOTAL
a Adjusted for reporting dealer double counting. Daily average for October 2013 calculated on 22 trading days .

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

Outright Spot 11,123 831 776 632 122 295 776 26 380 26 26 15,012
Financial Institutions - Local 2,050 149 107 135 14 20 106 1 37 1 6 2,626
Financial Institutions - Overseas 7,688 466 650 408 105 236 619 23 316 23 14 10,547
Non-financial Institutions - Local 1,335 212 13 89 3 39 46 2 27 1 5 1,772
Non-financial Institutions - Overseas 50 3 6 0 0 0 5 0 0 0 1 66
Outright Forwards 5,107 524 408 281 56 89 158 24 138 12 15 6,814
Financial Institutions - Local 1,843 323 215 162 38 57 22 19 94 9 10 2,791
Financial Institutions - Overseas 1,772 94 140 48 8 14 105 3 33 1 2 2,220
Non-financial Institutions - Local 996 106 53 71 10 19 29 2 11 2 3 1,303
Non-financial Institutions - Overseas 496 1 0 0 0 0 2 0 0 0 0 500
FX Swaps 58,297 793 1,852 161 43 40 272 9 72 7 7 61,553
Financial Institutions - Local 14,365 243 342 80 16 19 133 7 47 5 4 15,262
Financial Institutions - Overseas 43,028 411 1,127 42 24 10 106 0 10 0 2 44,762
Non-financial Institutions - Local 674 76 21 31 2 10 32 2 15 1 2 867
Non-financial Institutions - Overseas 230 62 362 8 0 0 1 0 0 0 0 663
Currency Swaps 2,376 21 0 2 0 0 1 0 4 0 0 2,405
Financial Institutions - Local 780 1 0 1 0 0 0 0 1 0 0 785
Financial Institutions - Overseas 1,562 16 0 1 0 0 1 0 0 0 0 1,580
Non-financial Institutions - Local 32 4 0 0 0 0 0 0 2 0 0 39
Non-financial Institutions - Overseas 1 0 0 0 0 0 0 0 0 0 0 1
OTC Options 721 16 30 26 7 9 47 0 0 0 0 856
Financial Institutions - Local 39 2 2 7 0 0 14 0 0 0 0 63
Financial Institutions - Overseas 324 8 27 19 7 0 30 0 0 0 0 416
Non-financial Institutions - Local 185 6 0 1 0 9 3 0 0 0 0 204
Non-financial Institutions - Overseas 174 0 0 0 0 0 0 0 0 0 0 174
Total AUD Turnover 77,624 2,185 3,066 1,102 227 433 1,254 59 594 45 48 86,640

Table 6b: USD Turnover by Instrument, Counterparty and Currencya,b,c Daily average (US$m)
  USD Against
  EUR JPY GBP CHF CAD NZD SEK Other
ASIAN
Other
EUROPEAN
OTHER  TOTAL
a Adjusted for reporting dealer double counting. Daily average for October 2013 calculated on 22 trading days .

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

c USD turnover excludes AUD/USD turnover.

Outright Spot 5,490 4,104 3,077 578 990 2,176 73 1,479 222 473 18,662
Financial Institutions - Local 706 591 341 119 183 370 6 182 14 14 2,526
Financial Institutions - Overseas 4,637 3,443 2,693 456 776 1,773 61 1,278 197 418 15,733
Non-financial Institutions - Local 11 1 2 0 7 14 0 5 0 3 44
Non-financial Institutions - Overseas 136 68 41 3 23 19 6 13 11 38 358
Outright Forwards 419 403 182 30 106 985 5 413 11 61 2,615
Financial Institutions - Local 160 139 59 11 38 58 2 134 5 4 611
Financial Institutions - Overseas 214 256 90 18 55 510 2 252 6 45 1,448
Non-financial Institutions - Local 11 6 3 0 8 6 0 14 0 12 59
Non-financial Institutions - Overseas 34 2 31 0 5 411 0 13 0 0 497
FX Swaps 21,116 11,044 5,703 1,182 1,811 8,771 433 1,911 465 1,278 53,715
Financial Institutions - Local 1,354 755 863 172 138 1,193 26 217 35 157 4,909
Financial Institutions - Overseas 19,066 10,253 4,733 1,003 1,650 7,344 343 1,689 378 1,091 47,550
Non-financial Institutions - Local 11 14 3 1 18 11 0 5 0 2 64
Non-financial Institutions - Overseas 685 22 105 6 5 222 64 0 52 29 1,191
Currency Swaps 44 0 27 0 0 323 0 17 0 0 411
Financial Institutions - Local 0 0 0 0 0 39 0 0 0 0 39
Financial Institutions - Overseas 42 0 27 0 0 284 0 17 0 0 369
Non-financial Institutions - Local 3 0 0 0 0 0 0 0 0 0 3
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0
OTC Options 141 76 41 0 48 58 0 63 0 2 429
Financial Institutions - Local 1 8 3 0 0 4 0 12 0 0 28
Financial Institutions - Overseas 139 68 37 0 16 49 0 50 0 1 360
Non-financial Institutions - Local 1 0 0 0 2 1 0 2 0 1 8
Non-financial Institutions - Overseas 0 0 0 0 29 3 0 0 0 0 33
Total USD Turnoverc 27,211 15,627 9,030 1,790 2,955 12,313 511 3,884 698 1,814 75,831

Table 6c: EUR Turnover by Instrument, Counterparty and Currencya,b,c Daily average (US$m)
  EUR Against  
  JPY GBP CHF CAD NZD SEK Other
ASIAN
Other
EUROPEAN
OTHER  TOTAL RESID-
UALS
GRAND TOTALd
a Adjusted for reporting dealer double counting. Daily average for October 2013 calculated on 22 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 533 807 276 243 332 81 207 175 107 2,760 2,211 38,644
Financial Institutions - Local 25 89 33 4 7 3 14 6 1 181 199 5,533
Financial Institutions - Overseas 494 675 240 235 324 72 192 160 97 2,489 1,989 30,758
Non-financial Institutions - Local 0 29 3 1 0 0 0 0 0 33 1 1,850
Non-financial Institutions - Overseas 14 15 0 2 1 6 2 9 9 57 22 503
Outright Forwards 29 12 7 2 25 1 14 7 0 97 128 9,653
Financial Institutions - Local 1 3 0 0 15 0 9 0 0 29 63 3,493
Financial Institutions - Overseas 28 8 6 1 9 1 2 7 0 61 54 3,783
Non-financial Institutions - Local 0 1 0 1 1 0 0 0 0 3 3 1,368
Non-financial Institutions - Overseas 0 0 1 0 1 0 2 0 0 4 8 1,009
FX Swaps 339 85 32 20 106 0 33 13 106 734 196 116,199
Financial Institutions - Local 170 13 18 10 51 0 29 1 6 297 41 20,509
Financial Institutions - Overseas 127 71 14 9 47 0 4 12 101 384 142 92,838
Non-financial Institutions - Local 19 0 0 1 1 0 0 0 0 21 4 957
Non-financial Institutions - Overseas 24 1 0 0 7 0 0 0 0 32 9 1,895
Currency Swaps 0 0 0 0 0 0 0 0 0 0 5 2,821
Financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 824
Financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 5 1,954
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 42
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 1
OTC Options 10 7 6 0 5 0 0 0 0 28 17 1,330
Financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 91
Financial Institutions - Overseas 10 7 6 0 5 0 0 0 0 27 17 820
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 212
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 207
Total EUR Turnoverc 910 911 320 264 468 82 254 195 213 3,618 2,557 168,647