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A foreign currency conversion calculator (including shekels) which is translated into Hebrew allows you to calculate the value of each currency requested for another currency. Convenient and simple to use currency exchange calculator Currency conversion - some concepts that are important to know
In order for you to perform a currency conversion successfully it is important to know the professional concepts in the field.
Exchange Rates - An exchange rate is the selling rate of a foreign currency in terms of the local currency. For example, how much would it cost to buy a US dollar? When the local currency strengthens there is an appreciation in the local currency and when it weakens there is a depreciation. The exchange rate is set by the sellers and buyers.
exchange rate - A representative rate is the indication of every global currency traded in the Israeli financial market. The representative rate is determined by the central bank of each country. In Israel, the representative exchange rate is set by the Bank of Israel on each day that foreign currency trading takes place. On days when there is no foreign exchange trading, no new representative rate is set. When you perform a currency exchange, you must keep up to date with the latest and most recent representative rate set by the Bank of Israel. The representative rate is also used as a basis for calculating foreign exchange-linked investments.
Exchange sale and purchase rate - Many dozens of trades and also currency exchanges are made at the low exchange rate, usually a few cents from the representative exchange rate. This is the sale price. Buying rate This is the rate you will have to pay according to when you buy foreign currency. Usually when you make a currency exchange and buy a foreign currency, you pay a few cents more than the price set at the representative rate.
Double Conversion- A double conversion is a conversion made when you purchase a foreign currency through a third currency. If, for example, you travel to Russia equipped with dollars, and in Russia you exchange the dollars for rubles. Currency conversion in double conversion increases the cost of the process and doubles the fees.
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1. Foreign currency conversion calculator
1. Foreign currency conversion calculator
1. Foreign currency conversion calculator
1. Foreign currency conversion calculator
1. Foreign currency conversion calculator
1. Foreign currency conversion calculator
1. Foreign currency conversion calculator
1. Foreign currency conversion calculator
1. Foreign currency conversion calculator
1. Foreign currency conversion calculator