Inter-bank and Merchant Transactions in the Foreign Exchange Market
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.