| T. |
Exchange Rates and Linkage Basis
|
| (1) |
Balances in foreign currency or linked thereto are included in the financial statements based on the representative exchange rates, as published by the Bank of Israel, that were prevailing at the balance sheet date.
|
| (2) |
Following are the changes in the representative exchange rate of the US dollars vis-a-vis the NIS and in the Israeli CPI:
|
|
Representative exchange rate
|
Representative exchange rate
|
CPI “in
|
||||||||||
|
of the Euro
|
of the dollar
|
respect of”
|
||||||||||
|
(NIS per €1)
|
(NIS per $1)
|
(in points)
|
||||||||||
|
As of:
|
||||||||||||
|
December 31, 2017
|
4.15
|
3.46
|
113.04
|
|||||||||
|
December 31, 2016
|
4.04
|
3.84
|
112.59
|
|||||||||
|
December 31, 2015
|
4.25
|
3.90
|
112.82
|
|||||||||
|
Increase (decrease) during the:
|
%
|
%
|
%
|
|||||||||
|
Year ended:
|
||||||||||||
|
December 31, 2017
|
2.7
|
(9.9
|
)
|
0.4
|
||||||||
|
December 31, 2016
|
(4.9
|
)
|
(1.5
|
)
|
(0.2
|
)
|
||||||
|
December 31, 2015
|
(9.9
|
)
|
0.51
|
(1.0
|
)
|
|||||||