Daily Net Foreign Exchange Transactions

\n\nThe historical data in this table are sourced from Becker C and M Sinclair\n(2004), :Profitability of Reserve Bank Foreign Exchange Operations:\nTwenty Years After the Float-C/, RB Research Discussion Paper No\n2004-06. Updates to the data are published annually with a one-year lag.\n\nIt is not appropriate to use the :Market-C/ series as a proxy for\nforeign exchange market intervention. The RB engages in spot or forward\ntransactions with dealers in the market virtually every day. Most of these\ntransactions are not intended to influence the exchange rate. Rather, they\noccur to cover orders for foreign exchange from clients such as the Australian\nGovernment. When the RB sells foreign exchange to a client, it has the choice\nof meeting this out of its holdings of foreign exchange or buying the\nequivalent amount of foreign exchange in the market. Most of the time it does\nthe latter, though even then the timing of the sale and purchase may not\ncoincide precisely. The RB can also engage in foreign exchange transactions\nwith counterparties other than dealers as a means of covering client orders.\n\nDaily net foreign exchange transactions, net sales (-) and purchases (+), are\nreported according to the date on which the trade took place. This is in\ncontrast to the monthly transactions data in Table A.4, which are reported\naccording to the day on which settlement took place. Another difference to\nTable A.4 is that interest received on holdings of foreign assets is not\nincluded.\n\naMarketa transactions are foreign exchange transactions against the Australian\ndollar (excluding foreign exchange swaps) undertaken by the RB with\nauthorised foreign exchange dealers in Australia or banks overseas.\n\naGovernment and other counterpartiesa transactions include the RBAas foreign\nexchange transactions with the Australian Government, outright transactions\nwith other central banks and international financial institutions that are not\nintended to affect the exchange rate, and transactions with clients other than\nthe Australian Government.\n\n

本表格所采用的历史数据源自Becker C与Sinclair M于2004年发表的研究论文《浮动汇率制实施二十年后澳大利亚储备银行外汇操作的盈利能力》（Profitability of Reserve Bank Foreign Exchange Operations: Twenty Years After the Float），该论文收录于《储备银行研究讨论论文集》2004-06号。该数据集的更新频率为每年一次，更新数据存在一年的滞后性。

不得将“市场类（:Market-C/）”序列作为外汇市场干预的代理变量。澳大利亚储备银行（Reserve Bank，以下简称RB）几乎每日都会与市场交易商开展即期或远期外汇交易，其中绝大多数交易并非用于影响汇率，而是为了满足澳大利亚政府等客户的外汇订单需求。当RB向客户出售外汇时，可选择直接动用自身外汇储备完成交割，或在市场上购入等额外汇以匹配交易需求；多数情况下RB会选择后者，但即便如此，买卖交易的时点也未必完全重合。此外，RB还可与非交易商类交易对手开展外汇交易，以完成客户订单的交割。

本数据集按照交易发生日期记录每日外汇净交易情况（净卖出记为负值，净买入记为正值）。这与表A.4中的月度交易数据存在两处差异：其一，表A.4的月度数据是按结算日期进行统计的；其二，本数据集未包含外汇资产持仓所获得的利息收入。

a. 市场类交易：指RB与澳大利亚境内授权外汇交易商（authorised foreign exchange dealers）或海外银行开展的、以澳元为交易标的的外汇交易（不包括外汇掉期（foreign exchange swaps））。
b. 政府及其他对手方交易：包括澳大利亚储备银行（Reserve Bank of Australia，以下简称RBA）与澳大利亚政府的外汇交易、与其他中央银行及国际金融机构开展的不影响汇率的直接交易，以及与澳大利亚政府以外的其他客户的外汇交易。