BOI - Transactions in the NIS/Foreign-Currency Market

Foreign Exchange Activity Department

For General explanations, please click here

Table 4 : Transactions in the NIS/Foreign-Currency Market ^a - (I /2007 - 2008-06-25)^*
(Quarterly/Monthly, $ million)

Foreign Currency Transactions

Article

I 2007

II 2007

III 2007

IV 2007

I 2008

April 2008

May 2008

29/05/08 25/06/08

1 Net purchase of NIS assets and israeli shares by nonresidents (F.C sales) 2924 952 2689 2822 5062 65 937 -505

3599 2749 3717 2636 5034 812 644 414

of which: in basic account^b 3599 2749 3717 2636 5034 812 644 414

   1.1 Investment in Israeli shares (in Israel and abroad) 3599 2749 3717 2636 5034 812 644 414

   1.2 NIS deposits less NIS credit 260 16 -46 322 42 16 81 -74

   1.3 Net purchases of NIS bonds 367 314 -957 -289 -504 58 -505 -129

   1.4 Net future purchases of NIS against foreign currency -1303 -2127 -24 154 490 -820 717 -715

2 Net sale of foreign-currency assets by nonbanking private sector^c -7226 -1662 -3798 -6452 -4620 -165 -1873 10

of which: in basic account^c -3161 -3619 -3173 -2652 -3437 57 438 -353

   2.1 To nonresidents -5891 -4445 -1665 -3498 -1736 14 -1281 -493

   2.2 In Israel, to banks and government -1335 2783 -2133 -2955 -2885 -179 -592 503

of which:Forward purchases of foreign currency and options in NIS -652 2723 631 -786 -1253 -80 -387 375

3 Net sale of foreign-currency assets by banks -904 -243 816 2334 -1302 228 -3 601

   3.1 Denominated in foreign currency -2809 264 1314 1711 -2020 -464 12 270

   3.2 Indexed to foreign currency (to residents) -51 92 108 -12 -41 -208 317 -9

   3.3 ForeIgn-currency-indexed government bonds (-) 2 -3 1 2 -4 -0 -1 0

   3.4 Net future sales of foreign curency against NIS (-) 1955 -596 -607 632 763 900 -331 340

4 Government 26 -17 -19 31 98 4 2 4

   4.1 Net sale of foreign-currency-indexed bonds to private sector -0 0 -1 -1 -16 2 0 0

   4.2 Private-sector foreign-currency transfers to the government 26 -18 -18 32 114 2 1 4

5 Private-sector current account 2374 456 -922 1380 498 296 558 476

6 Capital transfers (mainly by immigrants) 202 187 175 235 204 69 59 82

7 Statistical discrepancies 2605 328 1059 -350 -641 -922 -104 -1044

8 Bank of Israel: foreign-currencypurchased against NIS 0 0 0 0 -700 -425 -424 -375

Surplus in basic account (residents,nonresidents,current and capital acc.) 3014 -227 -203 1599 2300 1233 1698 619

Article	I 2007	II 2007	III 2007	IV 2007	I 2008	April 2008	May 2008	29/05/08 25/06/08

1 Net purchase of NIS assets and israeli shares by nonresidents (F.C sales)	2924	952	2689	2822	5062	65	937	-505
	3599	2749	3717	2636	5034	812	644	414
of which: in basic account^b	3599	2749	3717	2636	5034	812	644	414
1.1 Investment in Israeli shares (in Israel and abroad)	3599	2749	3717	2636	5034	812	644	414
1.2 NIS deposits less NIS credit	260	16	-46	322	42	16	81	-74
1.3 Net purchases of NIS bonds	367	314	-957	-289	-504	58	-505	-129
1.4 Net future purchases of NIS against foreign currency	-1303	-2127	-24	154	490	-820	717	-715
2 Net sale of foreign-currency assets by nonbanking private sector^c	-7226	-1662	-3798	-6452	-4620	-165	-1873	10
of which: in basic account^c	-3161	-3619	-3173	-2652	-3437	57	438	-353
2.1 To nonresidents	-5891	-4445	-1665	-3498	-1736	14	-1281	-493
2.2 In Israel, to banks and government	-1335	2783	-2133	-2955	-2885	-179	-592	503
of which:Forward purchases of foreign currency and options in NIS	-652	2723	631	-786	-1253	-80	-387	375
3 Net sale of foreign-currency assets by banks	-904	-243	816	2334	-1302	228	-3	601
3.1 Denominated in foreign currency	-2809	264	1314	1711	-2020	-464	12	270
3.2 Indexed to foreign currency (to residents)	-51	92	108	-12	-41	-208	317	-9
3.3 ForeIgn-currency-indexed government bonds (-)	2	-3	1	2	-4	-0	-1	0
3.4 Net future sales of foreign curency against NIS (-)	1955	-596	-607	632	763	900	-331	340
4 Government	26	-17	-19	31	98	4	2	4
4.1 Net sale of foreign-currency-indexed bonds to private sector	-0	0	-1	-1	-16	2	0	0
4.2 Private-sector foreign-currency transfers to the government	26	-18	-18	32	114	2	1	4
5 Private-sector current account	2374	456	-922	1380	498	296	558	476
6 Capital transfers (mainly by immigrants)	202	187	175	235	204	69	59	82
7 Statistical discrepancies	2605	328	1059	-350	-641	-922	-104	-1044
8 Bank of Israel: foreign-currencypurchased against NIS	0	0	0	0	-700	-425	-424	-375
Surplus in basic account (residents,nonresidents,current and capital acc.)	3014	-227	-203	1599	2300	1233	1698	619

^a purchase(-) sale(+) of foreign currency

including items denominated in and indexed to foreign currency

and NIS/foreign-currency future transactions, including NIS/foreign-currency options from 2002.

^b see table 5. ^c see table 6.

^* Last months data are preliminary

Disclaimer