Company: PERI
Filing Date: 2025-03-25
Form Type: 20-F
Source: 0001178913-25-001021
Chunk: 142

Company: Perion Network Ltd.
Filing Date: 2025-03-25
Form: 20-F
Item: Item 11
Chunk 142
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 Israeli Shekel, it will become more expensive for us to fund our operations in Israel. A revaluation of 1% of the New Israeli Shekel will affect our income before tax by approximately $0.4 million. The exchange rate of the U.S. dollar to the New Israeli Shekel, based on exchange rates published by the Bank of Israel, was as follows:
 

                                          Year Ended December 31,            
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                          2022               2023                2024        
Average rate for period         3.359               3.688               3.701
Rate at year-end                3.519               3.627               3.647