FOREX - Trends, forecasts and implications 2016 - page 504
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Translation, it doesn't say that the Australian bank's foreign exchange reserves are 55% in quid
http://www.rba.gov.au/mkt-operations/intl-mkt-oper.html
http://www.rba.gov.au/mkt-operations/intl-mkt-oper.html
Reservemanagement
Except for its reserve position in the IMF, Australia's holdings of official reserve assets are held by the Reserve Bank. The Bank's official reserve assets include both foreign currency assets as well as gold. The Bank holds foreign currency assets primarily to facilitate its spot foreign exchange market policy activities, although they are also used to augment domestic money market operations (see above). Foreign currency denominated assets expose the Bank's balance sheet to foreign exchange risk and, as in the Bank's domestic securities portfolio, foreign currency assets may carry interest rate, credit and liquidity risks. The optimal level of reserves represents a compromise between these risks and what is considered necessary to achieve the Bank's policy objectives.
The man-date under which the reserves are managed requires investment in assets of high credit quality and that the portfolio has sufficient liquidity to enable the Bank to meet its policy objectives. Key risks to the balance sheet are mitigated where possible, mainly by maintaining a diversified currency structure. The investment process for foreign currency assets is guided by an internal benchmark, which represents the Reserve Bank 's best estimate of the mix of foreign currency investments that maximises returns over the long term, subject to acceptable levels of risk and comprehensive security and liquidity requirements.
The table doesn't specify gold and how much of it it is, so that doesn't tell you anything. If gold is 20% foreign exchange reserve 80% and if gold is 80% foreign exchange reserve 20% and out of that 20% total you get 10% in US dollars
Reservemanagement
Except for its reserve position in the IMF, Australia's holdings of official reserve assets are held by the Reserve Bank. The Bank's official reserve assets include both foreign currency assets as well as gold. The Bank holds foreign currency assets primarily to facilitate its spot foreign exchange market policy activities, although they are also used to augment domestic money market operations (see above). Foreign currency denominated assets expose the Bank's balance sheet to foreign exchange risk and, as in the Bank's domestic securities portfolio, foreign currency assets may carry interest rate, credit and liquidity risks. The optimal level of reserves represents a compromise between these risks and what is considered necessary to achieve the Bank's policy objectives.
The man-date under which the reserves are managed requires investment in assets of high credit quality and that the portfolio has sufficient liquidity to enable the Bank to meet its policy objectives. Key risks to the balance sheet are mitigated where possible, principally by maintaining a diversified currency structure. The investment process for foreign currency assets is guided by an internal benchmark, which represents the Reserve Bank 's best estimate of the mix of foreign currency investments that maximises returns over the long term, subject to acceptable levels of risk and comprehensive security and liquidity requirements.
The table doesn't specify gold and how much of it it is, so that doesn't tell you anything. If gold is 20% currency reserve 80% and if gold is 80% currency reserve 20% and out of this 20% it is only 10% in USD
Is it Tuesday already?
Yes
What does this figure of 55% of foreign exchange reserves in US dollars even tell us ?
Are they having a Tuesday already?
https://www.youtube.com/watch?v=Py4yg4sHl2k
and so...
At least you got a cent. Let's laugh
Is that Strange's signal? That's funny.)
Gentlemen....
On the Euro, the situation has not changed and yesterday's drawing-forecast is working.
It will be held and held at 1.1074-80 and will go down to 1.1030-1010, and we have to buy there))))
Thanks!