The shekel-dollar representative rate edged down 0.05% today to NIS 4.36/$.
Israel's foreign currency market was unaffected by acting Governor of the Bank of Israel Dr. Meir Sokoler's decision to keep the interest rate unchanged for May.
The shekel-dollar representative rate edged down 0.05% today to NIS 4.36/$. The shekel-dollar exchange rate has fallen 0.2% in two days, and by 0.9% since April 7.
The shekel-euro representative rate fell 0.15% today to NIS 5.661/$, continuing its steady fall. The shekel-euro exchange rate has fallen 0.5% in two days.
Daily foreign currency spot trading has amounted to $330 million dollars over the Passover holiday, including $80 million by foreign banks, and $70 million by Israeli banks. Normally, foreign currency spot trades amount to $600 million-1.1 billion a day.
Published by Globes [online], Israel business news - www.globes.co.il - on April 26, 2005