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Foreign Exchange Turnover Report – October 2015

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$m)
  Oct 2015 Apr 2015 Change over six months
  US$m US$m US$m %
a Adjusted for reporting dealer double counting. Daily average for October 2015 calculated on 21 trading days (April 2015 calculated on 20 trading days).

b Totals and sub-totals may not sum due to rounding.
Outright Spot 35,896 39,351 −3,455 −9
Outright Forwards 8,248 10,040 −1,792 −18
FX Swaps 79,288 77,959 1,329 2
TRADITIONAL FOREIGN EXCHANGE TURNOVERb 123,431 127,350 −3,918 −3
Currency Swaps 3,007 2,830 177 6
OTC Options 1,158 1,202 −44 −4
TOTAL TURNOVER 127,596 131,382 −3,786 −3
Table 2: Foreign Exchange Turnover by Instrument and Counterpartya,b Daily average (US$m)
  Oct 2015 Apr 2015 Change over six months
  US$m US$m US$m %
a Adjusted for reporting dealer double counting. Daily average for October 2015 calculated on 21 trading days (April 2015 calculated on 20 trading days).

b Sub-totals may not sum due to rounding.
Outright Spot 35,896 39,351 −3,455 −9
Financial Institutions - Local 4,062 4,529 −466 −10
Financial Institutions - Overseas 29,677 31,989 −2,312 −7
Non-financial Institutions - Local 1,235 1,443 −209 −14
Non-financial Institutions - Overseas 922 1,390 −468 −34
Outright Forwards 8,248 10,040 −1,792 −18
Financial Institutions - Local 2,971 4,246 −1,274 −30
Financial Institutions - Overseas 3,349 3,684 −335 −9
Non-financial Institutions - Local 1,234 1,590 −356 −22
Non-financial Institutions - Overseas 694 520 174 33
FX Swaps 79,288 77,959 1,329 2
Financial Institutions - Local 17,546 19,830 −2,283 −12
Financial Institutions - Overseas 60,177 55,897 4,280 8
Non-financial Institutions - Local 624 865 −241 −28
Non-financial Institutions - Overseas 940 1,367 −427 −31
Currency Swaps 3,007 2,830 177 6
Financial Institutions - Local 1,022 979 42 4
Financial Institutions - Overseas 1,923 1,718 206 12
Non-financial Institutions - Local 25 127 −102 −80
Non-financial Institutions - Overseas 37 7 30 456
OTC Options 1,158 1,202 −44 −4
Financial Institutions - Local 50 124 −74 −60
Financial Institutions - Overseas 954 877 77 9
Non-financial Institutions - Local 125 187 −62 −33
Non-financial Institutions - Overseas 29 14 14 103
Table 3: Foreign Exchange Turnover by Currencya Daily average (US$m)
  Oct 2015 Proportion of Totalb Apr 2015 Proportion of Totalb
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for October 2015 calculated on 21 trading days (April 2015 calculated on 20 trading days).

b Proportions sum to 200% as there are two currencies involved in each transaction.
AUD 58,900 46 64,587 49
USD 116,670 91 120,209 91
EUR 23,316 18 22,191 17
OTHER CURRENCIES 56,306 44 55,776 42
TOTAL 127,596   131,382  
Table 4: Foreign Exchange Turnover by Currency Paira Daily average (US$m)
  Oct 2015 Proportion of Total Apr 2015 Proportion of Total
  US$m % US$m %
a Adjusted for reporting dealer double counting. Daily average for October 2015 calculated on 21 trading days (April 2015 calculated on 20 trading days).

b Totals may not sum due to rounding.
AUD/USD 52,461 41 57,778 44
AUD/EUR 1,506 1 1,668 1
AUD/JPY 1,770 1 2,005 2
AUD/GBP 1,177 1 948 1
AUD/CHF 154 0 132 0
AUD/CAD 265 0 346 0
AUD/NZD 1,040 1 1,176 1
AUD/SEK 37 0 53 0
AUD/OTHER ASIAN 358 0 386 0
AUD/OTHER EUROPEAN 56 0 49 0
AUD/OTHER 75 0 45 0
EUR/USD 18,980 15 17,643 13
USD/JPY 12,743 10 14,080 11
USD/GBP 7,763 6 7,992 6
USD/CHF 1,041 1 874 1
USD/CAD 3,702 3 4,073 3
USD/NZD 11,831 9 10,530 8
USD/SEK 404 0 403 0
USD/OTHER ASIAN 5,801 5 5,148 4
USD/OTHER EUROPEAN 835 1 765 1
USD/OTHER 1,108 1 923 1
EUR/JPY 653 1 744 1
EUR/GBP 659 1 656 0
EUR/CHF 77 0 55 0
EUR/CAD 159 0 164 0
EUR/NZD 164 0 176 0
EUR/SEK 282 0 232 0
EUR/OTHER ASIAN 115 0 121 0
EUR/OTHER EUROPEAN 537 0 547 0
EUR/OTHER 184 0 186 0
RESIDUAL CURRENCIES 1,657 1 1,483 1
TOTALb 127,596   131,382  
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 October 2015 calculated on 21 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 2,709 5,731 100
Against AUD 2,003 3,796 77
Against USDc 663 1,784 23
Against EURc 19 84 0
OTHER CURRENCIES 24 66 0
FX Swaps 79,264 13,954 210
Against AUD 40,930 8,113 82
Against USDc 38,068 5,649 128
Against EURc 194 129 0
OTHER CURRENCIES 71 63 0
Currency Swaps 16 1,688 2,238
Against AUD 5 1,596 1,924
Against USDc 11 92 313
Against EURc 0 0 0
OTHER CURRENCIES 0 0 1
OTC Options 304 798 97
Against AUD 111 512 39
Against USDc 176 278 51
Against EURc 14 3 7
OTHER CURRENCIES 3 6 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 2015 calculated on 21 trading days .

b Totals and sub-totals may not sum due to rounding.
Outright Spot 7,686 614 799 544 69 137 567 3 106 5 27 10,555
Financial Institutions - Local 1,269 126 49 96 19 22 87 1 37 1 9 1,716
Financial Institutions - Overseas 5,439 403 738 408 16 96 430 0 48 2 12 7,592
Non-financial Institutions - Local 939 74 11 38 34 19 40 1 20 2 6 1,183
Non-financial Institutions - Overseas 38 9 2 3 0 0 10 0 1 0 1 63
Outright Forwards 3,903 540 398 339 54 100 152 29 177 45 35 5,771
Financial Institutions - Local 1,558 327 187 173 40 71 46 19 73 24 12 2,530
Financial Institutions - Overseas 994 91 172 82 6 14 81 5 90 16 15 1,564
Non-financial Institutions - Local 831 120 39 84 9 14 24 5 13 5 9 1,153
Non-financial Institutions - Overseas 520 2 0 0 0 0 1 0 0 0 0 523
FX Swaps 37,778 311 556 293 32 26 232 6 70 7 13 39,325
Financial Institutions - Local 11,514 114 163 222 22 15 115 3 43 5 5 12,220
Financial Institutions - Overseas 25,705 160 243 53 9 5 66 3 19 1 7 26,273
Non-financial Institutions - Local 449 37 8 18 0 6 46 0 9 1 1 575
Non-financial Institutions - Overseas 111 0 142 0 0 0 4 0 0 0 0 257
Currency Swaps 2,602 9 0 0 0 0 1 0 0 0 0 2,611
Financial Institutions - Local 998 3 0 0 0 0 0 0 0 0 0 1,001
Financial Institutions - Overseas 1,581 6 0 0 0 0 1 0 0 0 0 1,588
Non-financial Institutions - Local 23 0 0 0 0 0 0 0 0 0 0 23
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 0
OTC Options 493 33 17 0 0 3 88 0 6 0 0 639
Financial Institutions - Local 17 0 3 0 0 0 1 0 0 0 0 23
Financial Institutions - Overseas 378 29 13 0 0 1 82 0 4 0 0 506
Non-financial Institutions - Local 90 4 0 0 0 2 5 0 2 0 0 102
Non-financial Institutions - Overseas 8 0 0 0 0 0 0 0 0 0 0 8
Total AUD Turnover 52,461 1,506 1,770 1,177 154 265 1,040 37 358 56 75 58,900
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 2015 calculated on 21 trading days.

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

c USD turnover excludes AUD/USD turnover.
Outright Spot 7,098 3,633 2,981 191 1,498 2,183 124 2,912 340 561 21,522
Financial Institutions - Local 566 393 338 31 215 260 6 234 7 28 2,079
Financial Institutions - Overseas 6,210 3,181 2,577 159 1,160 1,863 112 2,638 307 474 18,683
Non-financial Institutions - Local 16 2 3 0 4 8 0 10 1 1 47
Non-financial Institutions - Overseas 307 56 64 1 118 52 5 29 24 57 714
Outright Forwards 294 349 132 26 123 333 2 945 8 71 2,284
Financial Institutions - Local 28 20 11 3 8 27 0 262 0 17 376
Financial Institutions - Overseas 230 319 117 23 106 163 2 655 5 52 1,673
Non-financial Institutions - Local 28 9 3 0 8 14 0 5 3 2 72
Non-financial Institutions - Overseas 8 1 1 0 1 129 0 23 0 0 163
FX Swaps 11,345 8,659 4,567 821 2,073 9,067 278 1,751 487 473 39,520
Financial Institutions - Local 1,320 955 1,058 156 306 895 90 212 131 57 5,180
Financial Institutions - Overseas 9,827 7,596 3,505 665 1,758 7,807 188 1,526 355 410 33,639
Non-financial Institutions - Local 12 2 1 0 6 3 0 11 1 6 42
Non-financial Institutions - Overseas 186 105 4 0 2 361 0 1 0 0 658
Currency Swaps 138 10 68 2 0 167 0 9 0 0 395
Financial Institutions - Local 0 0 0 0 0 21 0 0 0 0 21
Financial Institutions - Overseas 111 8 58 2 0 146 0 9 0 0 336
Non-financial Institutions - Local 0 2 0 0 0 0 0 0 0 0 2
Non-financial Institutions - Overseas 27 0 10 0 0 0 0 0 0 0 36
OTC Options 105 92 15 1 7 81 0 183 0 3 488
Financial Institutions - Local 2 12 4 0 0 3 0 5 0 0 26
Financial Institutions - Overseas 100 76 11 1 0 57 0 174 0 0 419
Non-financial Institutions - Local 4 4 0 0 7 3 0 1 0 3 23
Non-financial Institutions - Overseas 0 0 0 0 0 18 0 2 0 0 20
Total USD Turnoverc 18,980 12,743 7,763 1,041 3,702 11,831 404 5,801 835 1,108 64,209
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 RESIDUALS GRAND TOTALd
a Adjusted for reporting dealer double counting. Daily average for October 2015 calculated on 21 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 424 594 37 147 109 281 84 533 179 2,391 1,428 35,896
Financial Institutions - Local 11 34 6 14 6 12 1 7 20 110 158 4,062
Financial Institutions - Overseas 408 516 31 130 96 266 77 482 150 2,158 1,244 29,677
Non-financial Institutions - Local 0 1 0 0 0 0 0 0 0 2 2 1,235
Non-financial Institutions - Overseas 5 44 0 3 7 3 6 45 9 121 24 922
Outright Forwards 20 48 0 3 14 0 13 3 2 103 90 8,248
Financial Institutions - Local 0 1 0 0 5 0 13 0 0 20 46 2,971
Financial Institutions - Overseas 19 45 0 1 7 0 0 0 2 74 38 3,349
Non-financial Institutions - Local 0 1 0 2 0 0 0 0 0 4 4 1,234
Non-financial Institutions - Overseas 0 0 0 0 2 0 0 3 0 5 2 694
FX Swaps 208 10 40 9 40 0 2 1 3 313 130 79,288
Financial Institutions - Local 85 0 0 1 9 0 1 0 2 97 49 17,546
Financial Institutions - Overseas 112 8 40 6 30 0 1 0 1 198 68 60,177
Non-financial Institutions - Local 0 0 0 2 1 0 0 0 0 3 3 624
Non-financial Institutions - Overseas 12 2 0 0 1 0 0 0 0 15 10 940
Currency Swaps 0 0 0 0 0 0 0 0 0 0 1 3,007
Financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 1,022
Financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 1,923
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 1 25
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 37
OTC Options 1 7 0 0 0 0 15 0 0 23 8 1,158
Financial Institutions - Local 0 1 0 0 0 0 0 0 0 1 1 50
Financial Institutions - Overseas 1 6 0 0 0 0 15 0 0 22 8 954
Non-financial Institutions - Local 0 0 0 0 0 0 0 0 0 0 0 125
Non-financial Institutions - Overseas 0 0 0 0 0 0 0 0 0 0 0 29
Total EUR Turnoverc 653 659 77 159 164 282 115 537 184 2,830 1,657 127,596