The shekel devaluation of the past three days has completely reversed, following large foreign currency sales by one of the large banks.
The shekel devaluation of the past three days has completely reversed, following large foreign currency sales by one of the large banks. The shekel-dollar rate has reverted to the same level as before the recent wave of terrorism.
The representative shekel-dollar exchange rate fell 0.35% to NIS 4.236 today.
The total volume of foreign currency trade this week is estimated at $1.7 billion, of which half was in cash and the other half in dollar-shekel swap deals.
Published by Israel's Business Arena on December 5, 2001