The Bank of Israel reveals: what is happening to the shekel against the currencies of the world?

An estimate of the activity of the main sectors in the foreign exchange market indicates that during the third quarter the institutional bodies (pension funds, cooperatives and insurance companies) and the business sector purchased net foreign exchange in the amount of approximately 1.4 – 2.1 billion dollars respectively. Foreign residents sold net foreign exchange in the amount of 5.5 billion dollars. The average daily trading volume decreased during the quarter by approximately 2.7% to a level of approximately 10 billion dollars, with the main decrease resulting from a decrease in the daily trading volume in conversion transactions. The relative share of non-residents in the volume of trading with the local banking system (conversion transactions, option transactions and swap transactions) increased by about 1.1% and stood at about 47.9% at the end of the third quarter.