Welcome to the world of currency exchange inside your NEEMA app!

This option allows you to buy and sell any currency you have in your Neema account into another currency if you think you have spotted a trend in the currency market. Neema does not take any fees for this operation.

The button for this is below the purple deposit money button on the deposit tab inside your app:

NOTICE

if you have dollars and buy shekel then decide to sell your shekel again you will not receive the same dollars balance again.

this is because of the notion of BUY and SELL rates being different

A full explanation of how exchange rates work can be studied at the link here

https://en.wikipedia.org/wiki/Exchange_rate#:~:text=In%20the%20retail%20currency%20exchange,they%20will%20sell%20that%20currency.

and a summary is as follows:

In the retail currency exchange market, different buying and selling rates will be quoted by money dealers. Most trades are to or from the local currency. The buying rate is the rate at which money dealers will buy foreign currency, and the selling rate is the rate at which they will sell that currency. The quoted rates will incorporate an allowance for a dealer's margin (or profit) in trading

These transactions are not refundable and may not be canceled