Australian Financial Markets Report For 1996 Shows Improved A$ And Options Turnover
BANKS
In the recently released 1996 Australian Financial Markets Report, compiled by the Australian Financial Markets Association (AFMA), total annual foreign exchange turnover reported to the Reserve Bank of Australia (RBA) for the year ended June 30, 1996 showed a 9 per cent improvement in transactions against the Australian dollar, while turnover against other currencies declined by 7 per cent.
Meanwhile, total currency options turnover for the year was up 25 per cent to A$175 billion; however, the
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