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SEC filings
F-3
BIOLINERX LTD. filed this Form F-3 on 07/16/2015
Entire Document
 
6

 

EXCHANGE RATE INFORMATION
 
From the Company’s inception through December 31, 2014, our functional and presentation currency was the New Israeli Shekel, or NIS. Effective January 1, 2015, as a result of a number of factors, including the strategic collaboration agreement with Novartis that will be managed solely in U.S. dollars, or dollars, as well as expectations regarding a significant increase in expenses denominated in dollars relating to advanced clinical trials, our functional and presentation currency was changed to the dollar. No representation is made that NIS amounts referred to in this prospectus could have been or could be converted into dollars at any particular rate or at all.
 
Fluctuations in the exchange rates between the NIS and the dollar will affect the dollar amounts received by owners of our ordinary shares on payment of dividends, if any, paid in NIS.
 
The following table sets forth information regarding the exchange rates of NIS per dollars for the periods indicated.  Average rates are those reported by the Bank of Israel for the periods presented.
 
 
 
NIS per dollar
 
Year Ended December 31,
 
High
   
Low
   
Average
   
Period End
 
2014                                                                  
    3.994       3.402       3.578       3.889  
2013                                                                 
    3.791       3.471       3.611       3.471  
2012                                                                  
    4.084       3.700       3.856       3.733  
2011                                                                   
    3.821       3.363       3.578       3.821  
2010                                                                   
    3.894       3.549       3.733       3.549  
 
The following table sets forth the high and low daily representative rates for the NIS as reported by the Bank of Israel for each of the prior six months.
 
 
 
NIS per dollar
 
Month
 
High
   
Low
   
Average
   
Period End
 
July 2015 (through July 15, 2015)
    3.797       3.769       3.778       3.765  
June 2015
    3.872       3.761       3.824       3.769  
May 2015
    3.890       3.819       3.862       3.876  
April 2015
    4.014       3.861       3.938       3.861  
March 2015
    4.053       3.926       3.998       3.980  
February 2015
    3.966       3.844       3.893       3.966  
January 2015
    3.998       3.899       3.946       3.924  
 
On July 15, 2015, the closing representative rate was $1.00 to NIS 3.765, as reported by the Bank of Israel.