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Foreign Exchange Turnover Report – April 2018

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$m)
  Apr 2018 Oct 2017
  US$m US$m
a Adjusted for reporting dealer double counting. Daily average for April 18 calculated on 19 trading days (October 2017 calculated on 21 trading days).

b Totals and sub-totals may not sum due to rounding.
Outright Spot 32,104 28,509
Outright Forwards 11,876 9,502
FX Swaps 74,946 69,946
TRADITIONAL FOREIGN EXCHANGE TURNOVERb 118,925 107,958
Currency Swaps 2,143 2,104
OTC Options 1,560 1,225
TOTAL TURNOVER 122,628 111,286
Table 2: Foreign Exchange Turnover by Instrument and Counterpartya,b Daily average (US$m)
  Apr 2018 Oct 2017
  US$m US$m
a Adjusted for reporting dealer double counting. Daily average for April 18 calculated on 19 trading days (October 17 calculated on 21 trading days).

b Sub-totals may not sum due to rounding.
Outright Spot 32,104 28,509
Financial Institutions - Local 8,007 4,024
Financial Institutions - Overseas 22,775 23,252
Non-financial Institutions - Local 966 895
Non-financial Institutions - Overseas 357 338
Outright Forwards 11,876 9,502
Financial Institutions - Local 3,579 2,919
Financial Institutions - Overseas 6,188 5,054
Non-financial Institutions - Local 903 741
Non-financial Institutions - Overseas 1,206 789
FX Swaps 74,946 69,946
Financial Institutions - Local 17,190 14,652
Financial Institutions - Overseas 56,558 54,281
Non-financial Institutions - Local 866 724
Non-financial Institutions - Overseas 332 289
Currency Swaps 2,143 2,104
Financial Institutions - Local 461 628
Financial Institutions - Overseas 1,489 1,442
Non-financial Institutions - Local 188 27
Non-financial Institutions - Overseas 5 6
OTC Options 1,560 1,225
Financial Institutions - Local 85 45
Financial Institutions - Overseas 1,258 980
Non-financial Institutions - Local 165 182
Non-financial Institutions - Overseas 52 18
Table 3: Foreign Exchange Turnover by Currencya Daily average (US$m)
  Apr 2018 Proportion of Totalb Oct 2017 Proportion of Totalb
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for April 18 calculated on 19 trading days (October 17 calculated on 21 trading days).

b Proportions sum to 200% as there are two currencies involved in each transaction.
AUD 54,991 45 49,905 45
USD 113,018 92 101,697 91
EUR 17,767 14 16,379 15
OTHER CURRENCIES 59,480 49 54,592 49
TOTAL 122,628   111,286  
Table 4: Foreign Exchange Turnover by Currency Paira Daily average (US$m)
  Apr 2018 Proportion of Total Oct 2017 Proportion of Total
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for April 18 calculated on 19 trading days (October 17 calculated on 21 trading days).

b Totals may not sum due to rounding.
AUD/USD 48,319 39 43,521 39
AUD/EUR 1,660 1 1,471 1
AUD/JPY 2,143 2 1,798 2
AUD/GBP 817 1 826 1
AUD/CHF 114 0 90 0
AUD/CAD 319 0 278 0
AUD/NZD 975 1 1,351 1
AUD/SEK 37 0 83 0
AUD/OTHER ASIAN 488 0 391 0
AUD/OTHER EUROPEAN 50 0 20 0
AUD/OTHER 68 0 65 0
EUR/USD 14,406 12 13,174 12
USD/JPY 12,863 10 14,442 13
USD/GBP 8,142 7 5,669 5
USD/CHF 716 1 743 1
USD/CAD 3,115 3 2,513 2
USD/NZD 15,031 12 13,098 12
USD/SEK 221 0 115 0
USD/OTHER ASIAN 8,963 7 6,761 6
USD/OTHER EUROPEAN 263 0 382 0
USD/OTHER 978 1 1,279 1
EUR/JPY 520 0 361 0
EUR/GBP 262 0 350 0
EUR/CHF 59 0 75 0
EUR/CAD 62 0 130 0
EUR/NZD 266 0 253 0
EUR/SEK 199 0 220 0
EUR/OTHER ASIAN 48 0 60 0
EUR/OTHER EUROPEAN 232 0 220 0
EUR/OTHER 53 0 67 0
RESIDUAL CURRENCIES 1,238 1 1,483 1
TOTALb 122,628   111,286  
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 reporting dealer double counting. Daily average for April 18 calculated on 19 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 4,438 7,482 175
Against AUD 1,830 4,267 30
Against USDc 2,257 2,944 143
Against EURc 115 133 2
OTHER CURRENCIES 236 139 0
FX Swaps 68,173 18,913 184
Against AUD 32,217 7,438 56
Against USDc 35,635 11,033 122
Against EURc 155 211 6
OTHER CURRENCIES 165 231 0
Currency Swaps 0 387 2,065
Against AUD 0 324 1,835
Against USDc 0 63 230
Against EURc 0 0 0
OTHER CURRENCIES 0 0 0
OTC Options 243 1,321 47
Against AUD 116 564 26
Against USDc 112 656 21
Against EURc 10 50 0
OTHER CURRENCIES 4 51 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 Oth ASIAN Oth EUROP. OTHER TOTAL
a Adjusted for reporting dealer double counting. Daily average for April 18 calculated on 19 trading days.

b Totals and sub-totals may not sum due to rounding.
Outright Spot 11,236 400 564 202 24 80 406 5 123 10 18 13,068
Financial Institutions - Local 4,586 118 88 91 9 16 77 3 82 7 5 5,081
Financial Institutions - Overseas 5,786 217 465 85 11 57 290 1 15 1 7 6,935
Non-financial Institutions - Local 729 65 11 25 4 8 38 1 25 2 5 912
Non-financial Institutions - Overseas 136 0 0 1 1 0 1 0 1 0 0 140
Outright Forwards 4,061 596 309 384 39 150 106 20 295 21 35 6,015
Financial Institutions - Local 1,936 359 172 290 30 88 38 15 172 15 29 3,144
Financial Institutions - Overseas 773 149 115 27 4 52 52 3 61 3 3 1,243
Non-financial Institutions - Local 555 86 21 65 4 10 13 2 62 3 3 825
Non-financial Institutions - Overseas 797 2 1 1 0 0 2 0 0 0 0 802
FX Swaps 30,765 521 1,171 230 40 89 430 12 71 19 12 33,361
Financial Institutions - Local 8,507 310 529 158 33 54 107 11 46 16 5 9,774
Financial Institutions - Overseas 21,632 153 517 60 6 31 284 0 12 0 5 22,701
Non-financial Institutions - Local 599 57 10 8 1 4 32 1 13 3 2 730
Non-financial Institutions - Overseas 27 1 115 4 0 0 7 0 0 0 0 155
Currency Swaps 1,709 107 40 0 3 0 5 0 0 0 4 1,868
Financial Institutions - Local 434 5 0 0 3 0 0 0 0 0 0 442
Financial Institutions - Overseas 1,202 11 40 0 0 0 0 0 0 0 0 1,254
Non-financial Institutions - Local 71 91 0 0 0 0 4 0 0 0 4 170
Non-financial Institutions - Overseas 1 0 0 0 0 0 0 0 0 0 0 1
OTC Options 549 35 58 2 8 0 29 0 0 0 0 680
Financial Institutions - Local 29 0 1 0 4 0 1 0 0 0 0 34
Financial Institutions - Overseas 399 31 56 1 4 0 27 0 0 0 0 519
Non-financial Institutions - Local 121 4 0 0 0 0 1 0 0 0 0 127
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 0
Total AUD Turnover 48,319 1,660 2,143 817 114 319 975 37 488 50 68 54,991
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 April 18 calculated on 19 trading days.

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

c USD turnover excludes AUD/USD turnover.
Outright Spot 3,091 2,849 1,329 184 959 4,283 31 4,550 116 178 17,570
Financial Institutions - Local 438 271 182 59 131 1,406 8 163 27 13 2,698
Financial Institutions - Overseas 2,584 2,553 1,129 125 803 2,810 22 4,348 86 162 14,623
Non-financial Institutions - Local 12 2 4 0 10 7 0 7 1 2 46
Non-financial Institutions - Overseas 57 22 13 1 15 59 0 32 1 1 202
Outright Forwards 809 738 105 41 478 1,045 50 1,859 17 102 5,245
Financial Institutions - Local 61 21 23 10 12 56 8 131 6 27 355
Financial Institutions - Overseas 679 712 75 32 461 635 42 1,719 10 73 4,438
Non-financial Institutions - Local 46 2 2 0 3 16 0 2 1 0 72
Non-financial Institutions - Overseas 23 3 6 0 2 338 0 8 0 2 381
FX Swaps 10,110 9,071 6,667 482 1,618 9,447 140 2,491 126 691 40,843
Financial Institutions - Local 1,888 1,234 1,525 142 177 1,863 41 296 44 26 7,236
Financial Institutions - Overseas 8,174 7,738 5,133 340 1,411 7,528 99 2,178 82 664 33,347
Non-financial Institutions - Local 16 74 3 0 10 10 0 11 0 0 125
Non-financial Institutions - Overseas 32 25 6 0 20 46 0 5 0 1 135
Currency Swaps 107 0 20 0 7 125 0 16 0 0 275
Financial Institutions - Local 1 0 0 0 0 17 0 0 0 0 18
Financial Institutions - Overseas 88 0 20 0 7 108 0 12 0 0 235
Non-financial Institutions - Local 18 0 0 0 0 0 0 0 0 0 18
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 4 0 0 4
OTC Options 289 206 21 8 53 132 0 46 4 7 766
Financial Institutions - Local 6 1 0 4 0 12 0 13 0 4 40
Financial Institutions - Overseas 254 205 21 5 52 83 0 24 3 1 647
Non-financial Institutions - Local 21 0 0 0 0 5 0 0 0 2 29
Non-financial Institutions - Overseas 8 0 0 0 0 32 0 9 2 0 51
Total USD Turnoverc 14,406 12,863 8,142 716 3,115 15,031 221 8,963 263 978 64,698
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 April 18 calculated on 19 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 265 202 51 31 66 189 15 207 11 1,037 430 32,104
Financial Institutions - Local 28 32 12 4 9 6 5 8 0 105 123 8,007
Financial Institutions - Overseas 236 167 38 26 55 181 10 196 11 921 296 22,775
Non-financial Institutions - Local 0 1 0 0 1 0 0 0 0 2 5 966
Non-financial Institutions - Overseas 0 1 0 0 1 2 1 3 0 9 6 357
Outright Forwards 127 25 2 4 46 3 23 16 1 247 369 11,876
Financial Institutions - Local 1 4 0 1 8 2 13 2 0 32 48 3,579
Financial Institutions - Overseas 123 6 2 2 36 0 10 14 0 193 314 6,188
Non-financial Institutions - Local 0 1 0 0 0 0 0 0 0 2 4 903
Non-financial Institutions - Overseas 3 14 0 0 1 0 1 0 0 20 3 1,206
FX Swaps 125 33 3 15 115 7 10 8 41 357 386 74,946
Financial Institutions - Local 1 14 0 0 58 1 2 0 0 76 103 17,190
Financial Institutions - Overseas 124 14 3 14 55 5 6 5 38 265 245 56,558
Non-financial Institutions - Local 0 4 0 0 1 0 2 0 0 6 5 866
Non-financial Institutions - Overseas 0 1 0 0 1 1 0 3 3 9 33 332
Currency Swaps 0 0 0 0 0 0 0 0 0 0 0 2,143
Financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 461
Financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 1,489
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 188
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 5
OTC Options 3 2 3 12 39 0 0 1 0 60 54 1,560
Financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 11 85
Financial Institutions - Overseas 3 2 3 12 39 0 0 1 0 59 33 1,258
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 9 165
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 52
Total EUR Turnoverc 520 262 59 62 266 199 48 232 53 1,700 1,238 122,628