Blue Crown Capital

The shekel - dollar representative rate ended last week at 3.4170, up approx. 1% from the prior week and up almost 10% since the start of the year.

With the US Fed seemingly ahead of its peers in raising interest rates as well as being much less reliant on foreign countries for its energy requirements, the previously maligned greenback has made a serious comeback as a safe-haven for foreign capital.

Whether it continues to rise at a similar pace is another question that only time can answer.

Contact Blue Crown Capitalfor a quote before actioning your next FX conversion to get top service and best conversion rates!

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