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Foreign Exchange Turnover Report – October 2019

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$m)
  Oct 2019 Apr 2019
  US$m US$m
a Adjusted for reporting dealer double counting. Daily average for October 19 calculated on 22 trading days (April 19 calculated on 19 trading days).

b Totals and sub-totals may not sum due to rounding.
Outright Spot 39,074 33,235
Outright Forwards 16,599 15,084
FX Swaps 79,376 65,077
TRADITIONAL FOREIGN EXCHANGE TURNOVERb 135,049 113,396
Currency Swaps 3,331 4,101
OTC Options 1,055 1,582
TOTAL TURNOVER 139,435 119,080
Table 2: Foreign Exchange Turnover by Instrument and Counterpartya,b Daily average (US$m)
  Oct 2019 Apr 2019
  US$m US$m
a Adjusted for reporting dealer double counting. Daily average for October 19 calculated on 22 trading days (April 19 calculated on 19 trading days).

b Totals and sub-totals may not sum due to rounding.
Outright Spot 39,074 33,235
Financial Institutions - Local 8,072 5,341
Financial Institutions - Overseas 29,956 26,508
Non-financial Institutions - Local 878 1,155
Non-financial Institutions - Overseas 168 231
Outright Forwards 16,599 15,084
Financial Institutions - Local 4,325 4,070
Financial Institutions - Overseas 11,075 9,597
Non-financial Institutions - Local 1,082 1,177
Non-financial Institutions - Overseas 117 241
FX Swaps 79,376 65,078
Financial Institutions - Local 24,804 15,984
Financial Institutions - Overseas 53,783 48,294
Non-financial Institutions - Local 635 655
Non-financial Institutions - Overseas 154 144
Currency Swaps 3,331 4,101
Financial Institutions - Local 642 727
Financial Institutions - Overseas 2,659 3,266
Non-financial Institutions - Local 20 96
Non-financial Institutions - Overseas 9 13
OTC Options 1,055 1,582
Financial Institutions - Local 189 149
Financial Institutions - Overseas 741 1,298
Non-financial Institutions - Local 119 115
Non-financial Institutions - Overseas 7 20
Table 3: Foreign Exchange Turnover by Currencya Daily average (US$m)
  Oct 2019 Proportion of Totalb Apr 2019 Proportion of Totalb
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for October 19 calculated on 22 trading days (April 19 calculated on 19 trading days).

b Totals and sub-totals may not sum due to rounding.
AUD 71,907 52 58,814 49
USD 130,176 93 109,061 92
EUR 18,745 13 15,862 13
OTHER CURRENCIES 58,042 42 54,423 46
TOTAL 139,435   119,080  
Table 4: Foreign Exchange Turnover by Currency Paira Daily average (US$m)
  Oct 2019 Proportion of Total Apr 2019 Proportion of Total
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for October 19 calculated on 22 trading days (April 19 calculated on 19 trading days).

b Totals and sub-totals may not sum due to rounding.
AUD/USD 66,088 47 52,728 44
AUD/EUR 1,401 1 1,606 1
AUD/JPY 1,745 1 1,464 1
AUD/GBP 753 1 673 1
AUD/CHF 102 0 101 0
AUD/CAD 311 0 289 0
AUD/NZD 920 1 1,321 1
AUD/SEK 34 0 34 0
AUD/OTHER ASIAN 452 0 452 0
AUD/OTHER EUROPEAN 62 0 45 0
AUD/OTHER 40 0 70 0
EUR/USD 15,039 11 11,857 10
USD/JPY 14,174 10 10,348 9
USD/GBP 6,322 5 5,374 5
USD/CHF 1,055 1 430 0
USD/CAD 2,833 2 2,067 2
USD/NZD 13,546 10 14,331 12
USD/SEK 153 0 258 0
USD/OTHER ASIAN 8,985 6 10,207 9
USD/OTHER EUROPEAN 562 0 473 0
USD/OTHER 1,419 1 988 1
EUR/JPY 757 1 764 1
EUR/GBP 534 0 636 1
EUR/CHF 88 0 102 0
EUR/CAD 227 0 106 0
EUR/NZD 158 0 270 0
EUR/SEK 196 0 213 0
EUR/OTHER ASIAN 92 0 75 0
EUR/OTHER EUROPEAN 211 0 184 0
EUR/OTHER 42 0 49 0
RESIDUAL CURRENCIES 1,135 1 1,564 1
TOTALb 139,435 0 119,080 0
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 reporter dealer double counting. Daily average for October 19 calculated on 22 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 7,478 5,324 7,986 3,228 1,193
Against AUD 1,883 2,405 4,002 1,191 386
Against USDc 4,414 2,749 3,677 1,975 793
Against EURc 664 116 237 33 8
OTHER CURRENCIES 517 54 70 29 6
FX Swaps 73,007 11,638 15,435 5,811 1,852
Against AUD 40,731 6,048 8,305 2,925 884
Against USDc 31,944 5,497 6,873 2,654 937
Against EURc 286 80 182 144 27
OTHER CURRENCIES 46 13 76 88 5
Currency Swaps 90 236 71 1,438 3,621
Against AUD 90 96 62 1,318 3,203
Against USDc 0 123 9 119 379
Against EURc 0 0 0 0 0
OTHER CURRENCIES 0 17 0 0 38
OTC Options 177 437 740 226 293
Against AUD 103 139 376 96 141
Against USDc 69 265 308 114 143
Against EURc 5 33 49 16 8
OTHER CURRENCIES 0 0 7 0 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 October 19 calculated on 22 trading days.

b Totals and sub-totals may not sum due to rounding.
Outright Spot 19,122 368 549 191 22 87 359 5 113 14 13 20,841
Financial Institutions - Local 5,118 114 73 98 9 35 103 3 65 12 5 5,636
Financial Institutions - Overseas 13,303 194 451 64 9 42 219 1 16 1 3 14,304
Non-financial Institutions - Local 640 59 18 28 3 9 27 1 32 1 4 822
Non-financial Institutions - Overseas 61 1 6 1 0 0 10 0 0 0 0 79
Outright Forwards 4,290 530 440 335 54 134 89 22 213 28 17 6,152
Financial Institutions - Local 2,262 325 228 263 45 82 36 15 146 21 13 3,434
Financial Institutions - Overseas 1,352 158 190 30 4 27 37 5 25 6 1 1,835
Non-financial Institutions - Local 655 47 22 38 5 24 10 2 43 1 3 849
Non-financial Institutions - Overseas 21 1 0 5 0 2 6 0 0 0 0 34
FX Swaps 39,478 465 734 196 26 88 373 7 121 20 10 41,517
Financial Institutions - Local 15,424 318 586 137 22 47 180 7 76 15 7 16,818
Financial Institutions - Overseas 23,588 115 127 27 4 17 165 0 21 0 0 24,063
Non-financial Institutions - Local 425 32 21 31 0 25 20 1 24 5 3 586
Non-financial Institutions - Overseas 41 0 2 0 0 0 7 0 0 0 0 50
Currency Swaps 2,746 29 14 24 0 0 80 0 0 0 0 2,894
Financial Institutions - Local 481 3 3 24 0 0 6 0 0 0 0 518
Financial Institutions - Overseas 2,250 11 11 0 0 0 75 0 0 0 0 2,347
Non-financial Institutions - Local 6 15 0 0 0 0 0 0 0 0 0 20
Non-financial Institutions - Overseas 9 0 0 0 0 0 0 0 0 0 0 9
OTC Options 452 10 7 8 0 2 19 0 5 0 0 504
Financial Institutions - Local 77 1 1 1 0 2 2 0 0 0 0 84
Financial Institutions - Overseas 269 4 6 2 0 0 16 0 1 0 0 300
Non-financial Institutions - Local 106 4 0 3 0 0 0 0 3 0 0 116
Non-financial Institutions - Overseas 0 0 0 3 0 0 1 0 0 0 0 4
Total AUD Turnover 66,088 1,401 1,745 753 102 311 920 34 451 62 40 71,907
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 October 19 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 2,922 2,613 1,435 416 852 5,151 21 3,220 104 286 17,019
Financial Institutions - Local 462 296 237 96 163 393 4 488 24 74 2,237
Financial Institutions - Overseas 2,439 2,310 1,186 317 684 4,720 16 2,707 79 199 14,656
Non-financial Institutions - Local 8 3 3 1 2 7 0 14 0 9 47
Non-financial Institutions - Overseas 13 4 9 2 4 31 0 10 0 4 78
Outright Forwards 2,408 1,662 554 209 713 487 73 2,543 127 196 8,972
Financial Institutions - Local 125 61 105 24 37 29 8 245 44 136 815
Financial Institutions - Overseas 2,191 1,594 424 153 652 401 65 2,260 81 55 7,875
Non-financial Institutions - Local 86 2 10 29 12 36 0 32 1 5 213
Non-financial Institutions - Overseas 7 5 14 2 11 22 0 5 0 1 68
FX Swaps 9,560 9,816 4,135 414 1,230 7,609 59 3,136 330 925 37,214
Financial Institutions - Local 2,479 2,446 858 144 249 1,217 19 289 46 114 7,860
Financial Institutions - Overseas 7,058 7,368 3,271 268 977 6,333 40 2,826 282 809 29,232
Non-financial Institutions - Local 6 2 4 1 4 6 0 9 2 2 37
Non-financial Institutions - Overseas 16 0 2 0 0 52 0 13 0 0 84
Currency Swaps 63 10 85 0 2 225 0 7 0 0 392
Financial Institutions - Local 27 0 0 0 0 83 0 4 0 0 114
Financial Institutions - Overseas 36 10 85 0 2 141 0 3 0 0 278
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0
OTC Options 86 74 113 17 37 74 0 79 1 12 492
Financial Institutions - Local 23 17 7 4 13 18 0 7 0 3 92
Financial Institutions - Overseas 61 57 106 13 24 54 0 61 1 9 384
Non-financial Institutions - Local 2 0 0 0 0 0 0 0 0 0 3
Non-financial Institutions - Overseas 0 0 0 0 0 1 0 0 0 0 2
Total USD Turnoverc 15,039 14,174 6,322 1,055 2,833 13,546 153 8,985 562 1,419 64,088
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 October 19 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 253 211 39 19 61 147 15 153 9 908 306 39,074
Financial Institutions - Local 19 15 11 4 7 43 2 38 1 140 59 8,072
Financial Institutions - Overseas 233 195 28 14 53 102 9 114 8 757 239 29,956
Non-financial Institutions - Local 0 0 0 0 0 0 4 0 0 5 4 878
Non-financial Institutions - Overseas 2 1 0 0 0 2 0 1 0 7 4 168
Outright Forwards 413 126 48 171 29 14 42 6 7 856 620 16,599
Financial Institutions - Local 11 3 2 1 4 1 6 1 0 28 47 4,325
Financial Institutions - Overseas 400 118 45 169 25 12 30 4 6 809 556 11,075
Non-financial Institutions - Local 0 5 0 0 0 0 6 0 0 13 7 1,082
Non-financial Institutions - Overseas 2 0 1 0 1 0 0 1 0 6 9 117
FX Swaps 88 156 1 38 62 34 28 51 26 485 160 79,376
Financial Institutions - Local 5 9 0 5 42 0 16 1 0 79 47 24,804
Financial Institutions - Overseas 82 144 1 32 18 34 13 49 26 399 89 53,783
Non-financial Institutions - Local 0 2 0 0 1 0 0 1 0 5 7 635
Non-financial Institutions - Overseas 0 1 0 0 1 0 0 0 0 2 18 154
Currency Swaps 0 0 0 0 0 0 0 0 0 0 45 3,331
Financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 10 642
Financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 35 2,659
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 20
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 9
OTC Options 3 41 0 0 6 0 6 0 0 56 0 1,055
Financial Institutions - Local 0 11 0 0 0 0 0 0 0 11 0 189
Financial Institutions - Overseas 2 30 0 0 5 0 6 0 0 44 0 741
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 119
Non-financial Institutions - Overseas 0 0 0 0 1 0 0 0 0 1 0 7
Total EUR Turnoverc 757 534 88 227 158 196 92 211 42 2,305 1,131 139,435