The low dollar rate, which stands at about NIS 3.1, is a great timing for shopping at sites abroad, especially now that most sites are going out in November promotions, culminating in Black Friday.
It is worth buying products on American sites and even on sites in China whose prices are quoted in dollars.
In addition, it is worth buying on sites from Europe because of the decline of the euro.
It is also worthwhile to keep an eye on fashion items, which are currently offered in attractive promotions in the US, toys, toiletries, electronics and more. When it comes to electronics, it is worth noting that these are products that fit the Israeli electricity grid. About four shekels per dollar, today the calculation is three shekels per dollar, which is very significant.
The dollar exchange rate plunges, Photo: Dudu Greenspan
How much money will it be possible to save on purchases now?
As a result of the fall in the dollar exchange rate, there is a ten percent improvement in the net price compared to the price of the same product from two to three months ago.
This is a saving of tens of shekels for small purchases and hundreds of shekels when it comes to family shopping.
Since it is the month of November and the prices are lower, the savings are greater when it comes to buying from sites abroad.
Following the decline in the dollar exchange rate, are the prices of imported products sold in stores in Israel also lower?
The goods that are on the shelves in the country are not yet affected by changes in the dollar exchange rate - compared to personal imports that consumers make themselves through the sites.
Businesses in Israel ordered the existing products two months ago, so the differences are not yet noticeable on local websites or chains.
As mentioned, this change is noticeable in chains abroad immediately because of the decline in the dollar exchange rate and because prices are denominated in dollars.
Postal sorting center, Photo: Israel Post spokeswoman
Will the chains in Israel roll over the decline in the dollar exchange rate to consumers?
The goods now sold are priced at the higher rates.
The impact of the dollar rate drop can be felt in about two to three months, due to the various import and logistics processes.
This could moderate the expected price increases now.
It is not certain that all the decline will be passed on to consumers, and it is possible that this will moderate the price increases - which are due to the increase in the price of raw materials and the logistical costs caused by the corona crisis.
Should you buy fashion items right now at American sites or should you wait for Black Friday?
Some sites already offer significant discounts such as 70% -50% off.
When it comes to these types of discounts, they are definitely attractive.
In addition, the field of fashion is greatly influenced by dimensions and fills - and they are also worth considering.
Of course, keep in mind that buying up to $ 75 is exempt from taxes and duties.
Which American sites are already offering attractive deals?
The Children's Place website offers up to 60% off, the Nautica website offers up to 70% off and the Europostel website offers 70% -50% off.