Shekel stable against dollar, euro; plummets against yen

The shekel-dollar representative rate rose 0.12% today to NIS 4.365/$.

The exchange rates for the dollar and euro have changed slightly. The shekel-dollar representative rate rose 0.12% today to NIS 4.365/$. The shekel-euro representative rate rose 0.13% today to NIS 5.7374/€.

In contrast, the shekel-yen representative rate jumped 1.08% to NIS 4.2352/100 ¥.

Foreign currency cash transactions have been very heavy in the past days, exceeding $1 billion a day.

Published by Globes [online], Israel business news - www.globes.co.il - on January 12, 2005

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