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If your question about the Survey of Foreign Currency Exposure is not answered on these pages you can also call the freecall (excluding mobile phones) phone number on the contact us page.
Purpose of the survey
The Survey of Foreign Currency Exposure (SFCE) is run every four years and collects information about foreign currency exposures and risk mitigation strategies implemented to minimise these exposures. The SFCE measures:
- Financial assets and liabilities denominated in foreign currencies
- Forecasted trade flows denominated in foreign currencies
- Formal and informal (natural) hedging on the above
- Notional value of derivative contracts
- Hedging policies.
The results from this survey will be published at the end of October under the release "Foreign Currency Exposure, Australia, March Quarter 2022". The 2017 results are available on the ABS website, Foreign Currency Exposure, Australia, March Quarter 2017. The foreign currency exposure statistics are drawn upon by a wide variety of individuals and organisations in both the public and private sector, with major users including:
- Reserve Bank of Australia
- The ABS' National Accounts
- International Monetary Fund
- Organisation for Economic Cooperation and Development
- International rating agencies
- Commonwealth Department of Treasury and the State Treasuries
- State and Commonwealth Government departments and agencies- Industry organisations and associations
- Market analysts and economists.
For common questions about participation in ABS business surveys, please see Frequently Asked Questions (FAQs).
For help using the online survey tool (eSurvey) please see eSurvey - Help.
The ABS is grateful for the cooperation of businesses in returning their completed forms promptly to enable early processing and production of high quality statistics. We look forward to your continued support.
For questions regarding the completion of specific questions refer to the attached survey form and Explanatory notes for the Survey of Foreign Currency Exposure. The survey form has been provided as a reference guide only, please do not enter data into this form. The Excel form to be completed will be sent to your nominated contact on the 25th March.
Foreign Currency Exposure Form 2022
Frequently asked questions
How was I selected?
Your business was chosen to participate in this survey due to your involvement in the Survey of International Investment (SII), Survey of International Trade in Services (SITS), or due to your business importing or exporting goods. If you believe your business has been selected in error please contact the ABS on 1800 206 696.
Can I have more time to complete the form?
Businesses experiencing difficulties in completing ABS survey forms by the due date can request an extension of time. Extensions may be granted on a case by case basis, and should be requested by contacting the toll free telephone number which appears on the front of the survey form. Please note that careful estimates are acceptable if actual data is not available.
How does this survey relate to the International Investments Survey Form 90?
Notes on the survey form and throughout the explanatory notes refer to questions on 'SII form 90'. For these questions the data entered should reconcile between the SFCE and SII. All other questions asked on the SFCE are independent to the SII form 90. Please contact the ABS if you are unsure which questions should reconcile between SII form 90 and the SFCE form 1FCE.
Is it compulsory? What if I refuse to fill it in?
The ABS relies on the willing cooperation of businesses selected in our surveys to provide accurate information as requested. The vast majority of businesses respond regularly to our requests for information. However, the Census and Statistics Act 1905 provides the Australian Statistician with the power, if necessary, to direct you in writing to answer the questions. As most business survey results contribute towards policy and legislation formulation it is highly important that a response is provided as this will ensure that we are able to produce reliable and useful results.
This is an intrusion into my private business. Is confidentiality guaranteed?
What about the workload we already have?
The ABS is very conscious of the reporting load imposed on businesses in completing our statistical surveys. The SFCE is only run every four years to minimise the impact on businesses filling in this survey. This is in line with the ABS' policy of reducing the load put on businesses to the minimum necessary to fulfil its obligations as a national statistical agency.
How accurate do the figures need to be?
The ABS requires information that is as accurate as possible. The information supplied by your business is used to produce estimates for all businesses within the same industry operating in Australia. The more accurate the figures you supply, the more accurate the estimates will be. However, if accurate data is not readily available, careful estimates will be accepted. Our processing systems contain checks for consistency and validity and are usually able to identify figures which are seriously incorrect. These checks suggest that most businesses do behave responsibly and give the best figures that they can.
I have already sent the information requested but I received a reminder notice.
If you have received a reminder notice about your form, it probably means you have returned the form at the same time as your reminder notice was issued. If you wish to confirm this, feel free to contact us so we can check against our records.
My business is ASX listed and we are unable to release any financial information until we announce our results to shareholders.
The Census and Statistics Act 1905, under which surveys are conducted, protects the confidentiality of all information supplied to the ABS. The information contained in your return is published at an aggregate level and ensures that individual companies cannot be identified.