Australia Yearbook - 2001

Chapter 30—International accounts and trade 1005
30.3 BALANCE ON CURRENT ACCOUNT COMPARED TO NET INCOME
$b
2
–8
–18
Balance on current account
Net income
Balance on goods and services
1984–85 1987–88 1990–91 1993–94 1996–97 1999–00
Source: Balance of Payments and International Investment Position, Australia (5302.0).
–28
–38
30.4 RESERVE ASSETS AND EXCHANGE RATES
1993–94 1994–95 1995–96 1996–97 1997–98 1998–99 1999–00
RESERVE ASSETS ($m)
Total reserve assets –20 661 –20 184 –19 059 –22 791 –24 260 –23 954 n.y.a.
Monetary gold –4 208 –4 316 –3 826 –1 757 –1 236 –1 013 n.y.a.
Special drawing rights –110 –95 –57 –37 –25 –88 n.y.a.
Reserve position in IMF –749 –753 –615 –627 –1 449 –2 338 n.y.a.
Foreign exchange –15 594 –15 020 –14 562 –20 370 –21 550 –20 515 n.y.a.
Currency and deposits n.a. n.a. n.a. –4 572 –11 675 –7 971 n.y.a.
Securities –15 594 –15 020 –14 562 –15 798 –9 875 –12 544 n.y.a.
EXCHANGE RATES
End of period
United States dollar 0.7291 0.7086 0.7890 0.7455 0.6135 0.6596 0.5986
United Kingdom pound 0.4721 0.4452 0.5099 0.4482 0.3681 0.4188 0.3941
Euro . . . . . . . . . . 0.6379 0.6282
Japanese yen 72.20 60.08 86.48 85.20 86.16 79.66 63.19
Special drawing right 0.5026 0.4539 0.5476 0.5347 0.4617 0.4932 0.4481
Period average(a)
United States dollar 0.6919 0.7427 0.7593 0.7828 0.6808 0.6276 0.6289
United Kingdom pound 0.4623 0.4705 0.4909 0.4851 0.4138 0.3824 0.3948
Euro . . . . . . . . . . . . 0.6356
Japanese yen 73.52 70.35 77.66 90.51 86.02 77.81 67.90
Special drawing right 0.4944 0.4972 0.5156 0.5521 0.5026 0.4589 0.4642
TRADE-WEIGHTED INDEX OF VALUE OF THE AUSTRALIAN DOLLAR(b)
End of period 53.0 48.4 58.1 56.7 57.9 58.4 53.3
Period average(a) 51.4 52.8 54.8 58.7 58.3 56.0 55.2
(a) These period average exchange rates and index numbers are derived by averaging figures for each trading day.
(b) May 1970 =100.0. The Trade Weighted Index is reweighted annually and on special occasions as required.
Source: Reserve Bank of Australia for reserve assets, daily exchange rates and the trade-weighted index.