> ## Documentation Index
> Fetch the complete documentation index at: https://docs.lancer-erp.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Bank of Israel exchange rates

> Daily representative rates for USD and EUR: payment requests and documents in foreign currency carry their shekel value, and VAT is computed in shekels.

Daily representative rates for USD and EUR: payment requests and documents in foreign currency carry their shekel value, and VAT is computed in shekels.

> [!NOTE]
>
> **Category:** Reference data ("נתוני ייחוס")\
> **Connection:** built in, nothing to set up

## What it does in Lancer

* A USD or EUR payment request is charged in shekels at the representative rate of the day it was created.
* VAT is calculated in shekels.
* Rates update every business day; the card shows today's rates.

## Setup

Nothing to connect. Bank of Israel exchange rates uses public data and is on for every organization. You can see what it provides under Settings → Integrations ("הגדרות" → "אינטגרציות") → Reference data ("נתוני ייחוס") → Bank of Israel exchange rates → **Settings** ("הגדרות").

## Vendor documentation

> [card] [Bank of Israel exchange rates documentation](https://www.boi.org.il/en/economic-roles/financial-markets/exchange-rates/)
>
> The official docs, at [www.boi.org.il](http://www.boi.org.il).


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