Official Reserve AssetsNovember 2017

Release date: 7 December 2017

Table 1: Presents data on official reserve assets denominated in Australian dollars.

Table 2: Overleaf expresses these figures in US dollar terms.

Changes in the value of official reserve assets reflect purchases and sales (including swaps) of foreign exchange by the Reserve Bank, earnings on foreign securities and valuation effects arising from changes in the foreign currency value of the assets and exchange rates.

Table 1: Official Reserve Assets
(A$ million)
This table presents Australian dollar data on the level and composition of the Reserve Bank's Official Reserve Assets (ORA) holdings as at the end of the relevant month. Total ORA is disaggregated into foreign exchange, Special Drawing Rights, the reserve position in the International Monetary Fund and gold.
End of Foreign
exchange
SDRs Reserve
position in
the IMF
Gold Total
2016
Sep 55,760 4,778 839 4,450 65,826
Oct 55,045 4,698 824 4,290 64,857
Nov 59,836 5,168 828 4,047 69,879
Dec 65,833 5,291 847 4,113 76,084
2017
Jan 58,593 5,109 819 4,115 68,636
Feb 56,779 5,022 805 4,193 66,800
Mar 69,902 5,078 805 4,181 79,965
Apr 69,458 5,228 819 4,350 79,855
May 77,919 5,290 885 4,364 88,457
Jun 73,735 5,123 1,075 4,146 84,078
Jul 64,603 4,986 997 4,074 74,660
Aug 65,861 5,088 1,129 4,264 76,342
Sep 64,433 5,103 1,132 4,202 74,871
Oct 67,559 5,183 1,120 4,250 78,112
Nov 75,130 5,292 1,079 4,333 85,834
Table 2: Official Reserve Assets
(US$ million)
End of Foreign
exchange
SDRs Reserve
position in
the IMF
Gold Total
2016
Sep 42,545 3,645 640 3,395 50,225
Oct 41,906 3,576 628 3,266 49,376
Nov 44,721 3,863 619 3,025 52,227
Dec 47,637 3,829 613 2,976 55,054
2017
Jan 44,337 3,866 620 3,114 51,937
Feb 43,652 3,861 619 3,224 51,356
Mar 53,433 3,881 615 3,196 61,125
Apr 51,920 3,908 613 3,251 59,691
May 58,050 3,941 659 3,251 65,900
Jun 56,717 3,940 827 3,189 64,673
Jul 51,599 3,982 796 3,254 59,631
Aug 52,017 4,018 892 3,368 60,295
Sep 50,509 4,000 887 3,294 58,691
Oct 51,838 3,977 859 3,261 59,935
Nov 56,986 4,014 819 3,287 65,105

Notes

  1. The A$ values shown for SDRs and Reserve position in the IMF are at the IMF basket valuation for the SDR, which is published in terms of US dollars and crossed with the representative rate for the Australian dollar in terms of the US dollar. Gold is valued at the Australian dollar equivalent of the 3 pm price fix in the London gold market on the last business day of the month. The foreign currency value of other overseas assets is based, where applicable, on market quotations; accrued interest is normally taken into account. Conversion to Australian dollar equivalent normally is based on end month market rates of exchange. Figures in Table 2 have been converted to US dollar values using the end-month AUD/USD exchange rate.
  2. The sum of gold and foreign exchange may differ from figures reported in the weekly Statement of Liabilities and Assets and the Bank's Annual Report. From 1 July 1996, foreign currency securities sold under repurchase agreements are retained for accounting purposes as foreign currency investments in the Bank's balance sheet, along with the cash received under repurchase agreements, in accordance with standard accounting treatment. For the purpose of reporting foreign exchange reserves in this table, however, the cash received from securities sold under repurchase agreements are excluded.
  3. The above data are based on information available at the time of publication and are subject to revision. The sum of components may not reconcile with the total amount for Official Reserve Assets due to rounding.
  4. Additional data on Australia's International Reserves will be available on the Reserve Bank's web site towards the end of the month.