Value of the US dollar rises relative to the shekel
June 6, 2007
Tel Aviv – Ma'an - The United States dollar exchange rate rose on the Tel Aviv stock market on Wednesday by at least 0.5 percent, the rate of the dollar has now become 4.082 NIS.
Two weeks ago the rate was 3.99 NIS.
Last year the dollar lost at least 8.5 percent and started 2007 with the rate of 4.225 NIS.
The rate then plummeted until it was less than 4 NIS.Analysts said that the reasons for this decline in value were psychological more than anything else.
On the economic level the importers benefit from the decline in the dollar exchange rate while the exporters lost, experts believe that the rate is going to rise over the coming fortnight.
Tel Aviv – Ma'an - The United States dollar exchange rate rose on the Tel Aviv stock market on Wednesday by at least 0.5 percent, the rate of the dollar has now become 4.082 NIS.
Two weeks ago the rate was 3.99 NIS.
Last year the dollar lost at least 8.5 percent and started 2007 with the rate of 4.225 NIS.
The rate then plummeted until it was less than 4 NIS.Analysts said that the reasons for this decline in value were psychological more than anything else.
On the economic level the importers benefit from the decline in the dollar exchange rate while the exporters lost, experts believe that the rate is going to rise over the coming fortnight.
Labels: Palestine
posted by HRM Deborah of Israel and the Messenger of Peace at 6:25 PM
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