Israel’s News Blog Magazine: Daily Stories Video and PhotosThe Dollar is up a little today to 3.63 Shekel/Dollar after Stanly Fischer, in what some call a bold move, reduced the interest rates by 0.5% to 3.75%. But take a look at this graph, this is what’s it been doing in the last 12 months…
This has had significant effects on local business, especially if you’re doing any sort of international sales and need to manufacture here and sell abroad. The difference can amount to a drop in 30% in the net revenue, in some case more.
Let’s hope today’s up swing continues…
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