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Wednesday, April 13, 2011

Dollar rate is low

Image source: Bank of Israel
Small tip about loans. As I got two for this car, I decrease every month balance to lower interest payments.
These days dollar to shekel rate is very low and depending on loan it can be better to wait for higher rate and keep paying same interest to bank for a while, in case you have extra US money. Every cent in dollar rate in $1000 equals 10 shekels.

Also, do not bring dollars to bank. Their rate is usually lower that in exchanges or post and they charging a commission. For example, converting from $1000 you'll pay extra $6. Go to Israel Post, exchange and bring to bank.

P.S. Saw pneumatic tube in the bank. So sad they do not use it anymore :-(
Image source: Wikipedia - Pneumatic tube

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