Shekel-euro exchange rate to year-long low of NIS 5.4102/€

The shekel-dollar exchange rate rose 0.11% to NIS 4.421/$.

The shekel-euro exchange rate fell 0.59% today to NIS 5.4102/€, its lowest level in a year. The drop against the shekel is part of the euro's fall on international markets, following the "No" vote in the French referendum against the EU constitution.

The shekel-dollar exchange rate rose 0.11% to NIS 4.421/$, as part of the dollar's appreciation on international markets.

The shekel-euro exchange rate has fallen 2% in two days, while the shekel-dollar exchange rate has risen 0.6%. The shekel-euro exchange rate has fallen 9% from its December 2004 peak of NIS 5.9554/€.

Published by Globes [online], Israel business news - www.globes.co.il - on June 1, 2005

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