The banks state that the pound sterling was the best investment, having risen 6.9% since the beginning of October.
The currency basket exchange rate slid today (Monday) by 0.21% to NIS 3.6357, following heavy foreign currency supply injected by the business sector. The dollar exchange rate was down 0.25% to NIS 3.227, its lowest level since the beginning of November.
The supply trend has continued steadily since the beginning of the month, and there has accordingly been an aggregate decrease of 1.4% in the exchange rate of the dollar and of 1% in that of the currency basket. The basket exchange rate is now 5.66% below mid-rate and 1.34% above the lower limit of the fluctuation band.
The banks state that the pound sterling was the best investment, having risen 6.9% since the beginning of October. The Bank of Israel did not intervene in foreign currency trading.