(US $ million)

Month

Inter-bank

Merchant

Spot

Forward/Swap

Spot

Forward

Purchases

Sales

Net

Purchases

Sales

Net

Turnover

Purchases

Sales

Net

Purchases

Sales

Net

Turnover

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

2003

April

11,993

13,001

-1,008

22,073

21,602

471

89,363

6,896

6,384

512

3,402

2,536

866

24,992

May

15,834

17,688

-1,854

29,125

28,621

504

113,246

7,574

6,752

822

5,187

3,364

1,823

29,067

June

19,528

19,773

-245

26,227

26,405

-178

122,571

9,012

8,569

743

4,943

3,647

1,296

35,697

July

22,213

24,793

-2,580

29,145

28,156

989

136,155

9,517

8,221

1,296

6,053

2,923

3,130

37,358

Augusr

18,992

20,733

-1,741

24,666

25,845

-1,179

119,662

9,316

7,721

1,589

4,876

2,870

2,006

32,982

September

21,436

21,397

39

34,140

33,383

757

144,095

10,153

7,727

757

6,009

3,761

2,248

40,601

October

25,927

29,149

-3,222

38,861

35,795

2,886

168,790

11,930

9,902

2,034

7,646

4,197

3,449

46,407

November

20,667

21,919

-1,252

28,582

27,098

1,484

129,098

9,952

7,969

1,983

6,784

4,407

2,377

41,487

December

20,482

22,249

-1,767

28,969

27,449

1,520

136,554

12,792

10,686

2,106

5,550

4,260

1,290

46,525

2004

January

21,737

23,779

-2,042

33,458

32,444

1,014

153,424

12,716

11,208

1,508

6,468

4,406

2,062

49,797

February

17,147

18,378

-1,251

28,776

26,061

2,715

129,069

11,145

9,634

1,511

5,139

3,711

1,428

43,837

March

29,099

31,327

-2,228

32,916

31,788

1,128

168,370

15,865

13,173

2,692

7,628

5,933

1,695

56,574

April P

29,964

33,828

-3,864

45,245

42,479

2,766

192,240

12,224

10,588

1,636

10,609

6,281

4,328

52,431

May P

29,808

28,600

1,208

43,655

42,263

1,392

178,934

11,111

10,957

154

8,428

6,669

1,759

49,994

June P

28,651

27,414

1,237

37,320

38,051

-731

170,370

12,612

12,258

354

5,900

6,722

-822

51,768

July P

29,276

27,796

-1,749

34,537

36,154

-1,617

169,052

12,051

11,937

114

5,851

6,201

-350

50,404