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      Free Daily Israel Report
      Archive: 8/5/2011
      13:15
      Reported

      News Brief

        8/5/2011, Av 5, 5771

      Dollar Stronger than Euro


      The official value of the shekel declined an average of .457 percent, Friday, against most of the currencies on the Bank of Israel's foreign exchange list in mixed trading. The United States dollar was fixed at NIS 3.52, up .889 percent from Thursday's rate, with similar percentage increases recorded by the currencies of Egypt, Jordan and Lebanon. The Euro rose .111 percent to 4.9789 shekels and the pound sterling was set at NIS 5.7281, up .463 percent.

      The Japanese yen made up most of the devaluation that followed government intervention on Thursday, rising 2.684 percent. A hundred yen was worth 4.4878 shekels on Friday. The Swiss frank continued its climb, jumping 1.904 percent to NIS 4.5812.