Overseas Exchange Transactions

August 2016


Released on 14 February 2017 | Download the complete release | pdfIcon 472 KB

T$m * Aug 16
Jul 16
Jun 16
May 16

Overall balance
-1.2 12.6 24.2 7.8
Total inflows
61.0 57.0 84.8 59.5
Total outflows
52.8 52.3 49.7 55.1
Foreign reserves 366.3 367.4 354.9 330.7

Rising outflow for gifts and family support abroad

Total OET Receipts

Total OET receipts rose to $61.0 million in August, $4.0 million (7.0%) higher than the previous month. The increase over the month was largely due to an increase in private transfer by $2.4 million (11.8%), mostly remittance receipts. Over the year ended August 2016, total OET receipts rose by $126.2 million (23.2%) to $670.9 million driven mostly by remittance receipts, foreign aid, construction and telecommunication services.

Total OET Payments

Total OET payments rose by $0.5 million (1.0%) in August 2016 to $52.8 million. This owed largely to higher personal transfers compared to July. In year ended terms, OET payments rose by $86.6 million (17.2%) to $591.2 million driven mostly by higher import and services payments.

The balance of overseas exchange transactions, which is the net change to foreign reserves over the month of August 2016, recorded a deficit of $1.2 million, which is $13.8 million (109.5%) lower than the surplus in July. Foreign reserves has benefitted in the previous months from large inflows of remittances, government grants and budget support, however the persistent high level of import payments and the rising outflow of private transfers eventually weighed on the level of foreign reserves.

Hence, foreign reserves slightly fell to $366.3 million in August, sufficient to cover 9.2 months of imports, well above the NRBT’s minimum range of 3-4 months. The outlook for foreign reserves is considered to remain comfortably above the minimum range, given the expectation of high remittance receipts for the upcoming Christmas festivities and other assistance from donor partners. However, delays to the inflow of these funds may pose a risk to the outlook.


Overseas Exchange Transactions Collection

2016 Overseas Exchange Transactions


pdfIcon Overseas Exchange Transactions for July 2016
Released on 9 November 2016 | 467 KB

pdfIcon Overseas Exchange Transactions for June 2016
Released on 5 September 2016 | 630 KB

pdfIcon Overseas Exchange Transactions for May 2016
Released on 10 August 2016 | 615 KB

pdfIcon Overseas Exchange Transactions for April 2016
Released on 30 June 2016 | 617 KB

pdfIcon Overseas Exchange Transactions for March 2016
Released on 7 June 2016 | 613 KB

pdfIcon Overseas Exchange Transactions for February 2016
Released on 17 May 2016 | 634 KB

pdfIcon Overseas Exchange Transactions for January 2016
Released on 10 May 2016 | 621 KB

2015


pdfIcon Overseas Exchange Transactions for December 2015
Released on 22 April 2016 | 670 KB

pdfIcon Overseas Exchange Transactions for November 2015
Released on 22 April 2016 | 658 KB

pdfIcon Overseas Exchange Transactions for October 2015
Released on 29 January 2016 | 494 KB

pdfIcon Overseas Exchange Transactions for September 2015
Released on 27 January 2016 | 518 KB

pdfIcon Overseas Exchange Transactions for August 2015
Released on 8 January 2016 | 288 KB

pdfIcon Overseas Exchange Transactions for July 2015
Released on 22 December 2015 | 312 KB

pdfIcon Overseas Exchange Transactions for June 2015
Released on 9 December 2015 | 554 KB

pdfIcon Overseas Exchange Transactions for May 2015
Released on 6 October 2015 | 630 KB

pdfIcon Overseas Exchange Transactions for April 2015
Released on 15 July 2015 | 653 KB

pdfIcon Overseas Exchange Transactions for March 2015
Released on 3 June 2015 | 672 KB

pdfIcon Overseas Exchange Transactions for February 2015
Released on 10 April 2015 | 385 KB

pdfIcon Overseas Exchange Transactions for January 2015
Released on 3 June 2015 | 741 KB

2014


pdfIcon Overseas Exchange Transactions for December 2014
Released on 16 February 2015 | 471 KB

pdfIcon Overseas Exchange Transactions for November 2014
Released on 16 February 2015 | 441 KB

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