RBA exchanged $143bn in FX swaps last year, figures show

Central bank cuts share of euro in FX reserves; ups renminbi

Sydney, Australia

Australia's central bank bought and sold $142.7 billion worth of foreign currency swaps in the 12 months to July in order to manage domestic liquidity and short-term reserves during a year of unprecedented exchange rate volatility, figures show.

The Reserve Bank of Australia (RBA) transacted $76.7 billion in foreign currency swaps for the purpose of managing liquidity in the domestic cash market, according to the central bank's annual report, published on October 22.

The RBA also exchanged $66

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