Israeli Sheqel booming!!
Never Ever!!!
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If Anyone is looking to invest in a great currency check out the Israeli sheqel. At Dec 2005 the USD/ILS was around 4.7000 and today it's under 4.0000 . That's about 15% in 18 months!!!The Israeli stock market is at an all time record because of extensive foreign investments (Warren Buffet invested about 4 billion dollars in Iskar a few months ago) which caused the Israeli central bank to lower the interest rates to 3.75% from 5.5% in a 7 months period. This is the first time in history that the interest rate in Israel is lower than in the U.S. And guess what... It didn't stop the Sheqel from continuing it's rally against all major currencies. Next target for the USD/ILS is 3.8 . Keep an eye out for it.