Shekel strenghtens against dollar, euro

January 11, 2011 11:35

The shekel opened stronger against both the shekel and euro Tuesday.

The shekel-dollar exchange rate dropped to 0.27% to NIS 3.5675/$, and the shekel-euro exchange rate lowered to 0.11% to NIS 4.6175/€.The Tel Aviv Stock Exchange also pointed to a higher open, with a gain of 0.4%.

The Bank of Israel reported that average mortgage interest rates on CPI-linked loans rose for the second consecutive month.

On Monday, the Bank of Israel set the shekel-dollar representative exchange rate at NIS 3.577/$, 0.28% higher than the day before, and set the shekel-euro representative exchange rate at NIS 4.6227/€, 0.426% lower than the day before. The pound was worth NIS 5.5535.

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