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The Israeli New Shekel replaces the old Shekel in 1996. Currently, the exchange rate for Israeli New Shekel (NIS) and US Dollar (USD) is about NIS 3.757 compared to 1 US Dollar(USD).

For a country where access is restricted by nationality (Israel is out of bounds for most nationalities from Arab countries), Israeli Shekel is nevertheless a hard currency, and the derivative is even traded on the Chicago Merchantile Exchange (CME). Therefore, the Israeli Shekel is in an enviable position of being one of the 20 currencies in the world where derivatives are publicly traded.

The Bank of Israel controls the monetary policy of Israel. As recent as August 2009 (more…)

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Known informally in the forex market as the “Swissy”, the US dollar (USD) / Swiss Franc (CHF) is one of the most traded pair of currency in the world. What makes this pair interesting is the comparison ratio of this pair. The US Dollar and the Swiss Franc are trading at near parity. Although the Swiss Franc (CHF) exchange rate to the US Dollar (USD) is 1.19 in 12 Mar 2009 @ Swiss Franc = 1 US Dollar, this exchange rate has came down to the current level of 1.05 Swiss Franc = 1 US Dollar.

Of course, trading at this level begs the question on whether the Swiss Franc will eventually be more expensive than the US Dollar, just like what happened to the Euro. This is a difficult question to forecast, at least in the immediate future. With the global financial crisis just abating, key indicators from both countries will determine the trading trend in the forex market. From Switzerland, the UBS consumption indicator will be the one to watch (more…)