ZAR/ILS (Bank of Israel)

The representative exchange rates of the Israeli new shekel against foreign currencies are determined by the Bank of Israel on a daily basis during foreign-currency business days. The rate for the U.S. Dollar is calculated based on market data, representing the average of bank quotations sampled from Reuters screens during a randomized timeframe between 13:15 and 15:15 (with adjusted hours on Fridays and holiday eves). Rates for other currencies are derived via cross-rates based on international market data at the moment of determination. Published shortly after the calculation period, these rates serve purely as an indicative benchmark for valuations and contractual purposes; they hold no official legal standing and are not binding for commercial transactions unless explicitly stipulated by the involved parties.