Sep 3, 2006
According to the latest release from the Bank of Israel
Forex trading fell from $73.8 billion in July to $63.2 billion in August.
The Average daily forex trading was $2.8 billion in August.
* $1.6 billion was by foreign financial institutions.
* $800 million by other customers.
* $474 million by the Israeli banks.
If you want to take a look at the above mentioned numbers on a percentage point of view than you will realize that:
* The Forex trading by foreign financial institutions fell 12.9% in August, in comparison to July 2006, where it stands on $35.2 billion;
* Trading by other customers fell 22.8% to $17.6 billion.
* The Israeli banks Forex trading fell from $10.6 billion in July to $10.4 billion in August. This is around 0.17% decrees.
The shekel-dollar exchange rates fell 0.7% in August, and have fallen 5.2% since January.
The entire basket of currencies exchange rate fell 0.5% in August and has fallen 2.7% since the beginning of 2006.
As a result, the Consumer Price Index (CPI) for August is expected to be around zero. However, prices are expected to begin rising in September, and the CPIs for September and October are expected to rise sharply.
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