- Description
-
The historical data in this table are sourced from Becker C and M Sinclair (2004), ‘Profitability of Reserve Bank Foreign Exchange Operations: Twenty Years After the Float’, RBA Research Discussion Paper No 2004-06. Updates to the data are published annually with a one-year lag.
It is not appropriate to use the ‘Market’ series as a proxy for foreign exchange market intervention. The RBA engages in spot or forward transactions with dealers in the market virtually every day. Most of these transactions are not intended to influence the exchange rate. Rather, they occur to cover orders for foreign exchange from clients such as the Australian Government. When the RBA sells foreign exchange to a client, it has the choice of meeting this out of its holdings of foreign exchange or buying the equivalent amount of foreign exchange in the market. Most of the time it does the latter, though even then the timing of the sale and purchase may not coincide precisely. The RBA can also engage in foreign exchange transactions with counterparties other than dealers as a means of covering client orders.
Daily net foreign exchange transactions, net sales (-) and purchases (+), are reported according to the date on which the trade took place. This is in contrast to the monthly transactions data in Table A.4, which are reported according to the day on which settlement took place. Another difference to Table A.4 is that interest received on holdings of foreign assets is not included.
‘Market’ transactions are foreign exchange transactions against the Australian dollar (excluding foreign exchange swaps) undertaken by the RBA with authorised foreign exchange dealers in Australia or banks overseas.‘Government and other counterparties’ transactions include the RBA’s foreign exchange transactions with the Australian Government, outright transactions with other central banks and international financial institutions that are not intended to affect the exchange rate, and transactions with clients other than the Australian Government.
- Download
-
- a05hist.xls (CSV/XLS) 2.50MB - 349 hits
- Date Published
- 22 December 2009
- Date Updated
- 20 January 2011
- Update Frequency
- Not specified
Dataset Information
- data.gov.au Category
- Business, Finance, Government
- Keywords / Tags
- finance, foreign exchange, RBA, statistics
- Licence
- Creative Commons - Attribution 3.0 Australia (CC BY 3.0)
- Permalink
- http://data.gov.au/4621
Contributing Agency Information
- Agency
- Reserve Bank of Australia (View all datasets from Reserve Bank of Australia)
- Jurisdiction
- Commonwealth of Australia
- Agency Program
- RBA: Statistics
Dataset Coverage
- Temporal Coverage
- Not specified
- Geospatial Coverage
- Australia
- Granularity
- Not specified
