Crowds of Israelis are flying in the coming days for the Passover holiday abroad, and for this purpose they are equipped with foreign currency.
Today, there are many options for purchasing foreign currency - from withdrawing at an ATM to ordering foreign currency waiting for you at Ben Gurion Airport. So where should you buy foreign currency?
We checked.
How to begin?
First, when you plan to buy foreign currency, it is important to check the continuous exchange rate of the currency at that time. Note that this is not a representative exchange rate set once a day by the Bank of Israel. The exchange rate changes at any given moment, so it is important .
On April 12, we checked how much we would pay for $ 500 and 500 euros at the Post Office Bank, Banquet and Change.
The examination shows that the exchange rates at the banks 'banks' change and ATMs were the most attractive.
However, it should be noted that in the change is the final price, while banks can charge additional fees.
We checked: this way you will pay less for foreign currency, Photo: Dudu Greenspan
For those looking for convenience, today it is also possible to collect foreign currency at Bank Hapoalim counters at Ben Gurion Airport.
Despite the convenience, the fees have to be taken into account.
In case you owe an account in shekels: the customer is charged according to the sale price of the cash plus an exchange fee of a direct channel (half than a bank fee).
In case of debiting a foreign currency account: the customer pays a cash withdrawal fee (exchange rate differences), which is half the fee through a banker.
In the last month, the Postal Bank has felt a jump of hundreds of percent in currency conversions, in parallel with the congestion seen at Ben Gurion Airport and the delivery of new passports compared to the volumes that were in January-February.
The volumes in the last month have already returned to those of the month preceding the Passover holiday in 2019, that is, before the corona.
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