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.

With Neema you can hold a balance in either ILS, USD, EUR or even GBP and more coming. You can convert between them if you like or need based on the exchange rates provided by Neema.

The button for this is inside your app:

NOTICE

If you buy a currency and then sell it you will not receive the same amount back. for example if you have dollars and buy shekels and then decide to sell your shekels again you will not receive the same dollars back.

this is because of the difference between the buy and sell rate of each currency. they are NOT the same.

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

🚨All exchanges are final and will NOT be canceled.