the shekel strengthened against the currencies of Israel's main trading partners by 2.7%

In the third quarter of the year, the shekel strengthened against the dollar by 0.6% and strengthened against the euro by 0.9%.
Against the currencies of Israel's main trading partners, as weighted by the effective nominal exchange rate, the shekel strengthened by about 2.7 percent.
In the third quarter, a mixed trend was recorded in the dollar's exchange rate. The dollar strengthened 0.3% against the euro, 2.5% against the Japanese yen and 0.8% against the British pound. On the other hand, the dollar weakened by 1.7% against the Swiss franc.
Fluctuations in the exchange rate - an increase in the actual standard deviation concurrent with an increase in the implicit standard deviation
The standard deviation of the change in the shekel / dollar exchange rate, which represents the actual volatility of the exchange rate, rose by 0.1 percentage points in the third quarter to 6 percent.
The average level of the implied volatility in over-the-counter shekel / dollar options rose by 0.1 percentage point in the third quarter to 7.4 percent.
At the same time, the implied volatility of foreign currency options in emerging and developed markets rose at an average of 11.4 percent and 7.5 percent, respectively, at the end of the quarter (see Diagram 4).
The standard deviation implied in trading in options on the exchange rate represents the expected volatility in the exchange rate.
The volume of trade in the foreign currency market - a decline in total trading volume, concurrent with an increase in the share of nonresidents in the total trading volume
The total volume of trade in foreign currency in the third quarter was $ 469 billion, compared with $ 489 billion in the previous quarter. Average daily trading volume declined by 2.5% and stood at $ 7.8 billion a day.
The volume of trade in spot and forward transactions totaled $ 107 billion in the third quarter. The average daily volume of trade in conversion transactions declined by 11% in the third quarter compared to the previous quarter, and stood at $ 1.8 billion per day.
The volume of trade in "over the counter" options (options not traded on the stock exchange) amounted to $ 22.4 billion in the third quarter. The average daily volume of trade in the third quarter rose compared to the previous quarter, to $ 373 million.
The volume of trade in swap transactions totaled $ 339 billion in the third quarter, compared with $ 348 billion in the previous quarter. The average daily volume of swap transactions fell by 0.8 percent compared to the fourth quarter and stood at $ 5.7 billion a day.
Nonresidents' share of total trading volume (convertible transactions, options transactions, and swaps) rose by 3 percentage points and stood at 41 percent at the end of the third quarter. The increase resulted from an increase in nonresidents' activity in swap transactions and options.