APPENDIX TABLE 41: INTER-BANK AND MERCHANT TRANSACTIONS IN THE FOREIGN EXCHANGE MARKET

(US $ million)

Inter-bank

Merchant

Month

Spot

Forward/Swap

Turnover

Spot

Forward

Turnover

Purchases

Sales

Net

Purchases

Sales

Net

Purchases

Sales

Net

Purchases

Sales

Net

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

2005

Jan

29057

27615

1442

30231

34039

-3808

173159

13636

13343

293

6395

5833

562

61755

Feb

38610

41037

-2427

51125

47820

3306

231650

15961

13440

2521

8851

5861

2990

64792

Mar

38825

39029

-204

43822

38875

4947

237011

19957

18015

1942

9304

6978

2326

88641

Apr

21065

20011

1054

30933

34493

-3560

167965

13928

14187

-259

5072

5452

-381

65072

May

31421

30410

1011

36274

35240

1034

211736

15449

15935

-487

9426

7325

2101

81569

June

34588

34161

427

37023

39286

-2263

239169

20969

17939

3030

6877

8110

-1233

92694

July

28851

29676

-825

34304

33776

528

231071

17874

17623

251

8341

6843

1498

91245

Aug

36374

37015

-640

48821

48765

56

258471

18873

19355

-482

10070

8730

1340

98706

Sept

31937

30365

1572

31393

31598

-205

210830

17803

17797

6

7246

8946

-1700

90727

Oct

45540

43899

1641

42703

42610

92

261732

19290

21708

-2418

10356

14421

-4065

105729

Nov

36898

35495

1403

37549

39579

-2030

235796

18137

17878

259

7365

10836

-3471

101620

Dec

46441

44071

2370

53081

65929

-12848

303766

20631

21703

-1072

10471

12933

-2462

120738

2006

Jan

46977

45957

1020

63550

78930

-15380

350971

21448

21670

-223

10029

11289

-1259

128121

Feb

39105

38832

273

57192

73721

-16530

315952

21000

19998

1002

6564

8207

-1644

102999

Mar

46582

54533

-7951

76707

97281

-20574

404797

31723

26404

5318

9554

10795

-1241

141231

Apr (P)

45511

47256

-1745

58672

73856

-15184

351480

27144

23863

3281

8573

12792

-4219

128699

May (P)

57426

55846

1580

67602

73209

-5607

411878

25283

28995

-3712

13705

14030

-325

157870

June (P)

52268

51362

906

48174

54819

-6645

319260

23124

24160

-1036

11177

11889

-712

122304

July (P)

44370

42904

1466

43032

47665

-4633

295411

19710

20205

-495

10445

12245

-1800

116881

P : Provisional.
Note :
1. Merchant turnover includes cross-currency (i.e. foreign currency to foreign currency, both spot & forward) transactions and cancellation of forward contracts.
2. Inter-bank turnover includes cross-currency (i.e. foreign currency to foreign currency, both spot & forward) transactions.