Foreign currency - Israel

Ilan Yahav

TamiHirsh Architects

LEEDuser Basic Member

0 thumbs up

May 29, 2014

Hello, I have to complete Table L-3. Sustainable Materials, but I have the costs of the materials used in the construction in shekels (Israel currency), my question is, should I change the amount in shekels to dollars? and if so, which date should I consider to exchange from shekels to dollars? Thank you very much!

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Kath Williams

LEED Fellow 2011, Principal

Kath Williams + Associates

LEEDuser Premium Member

103 thumbs up

Thu, 05/29/2014 - 15:27

On 37 certified international projects, our experience is that cost must be in dollars. We have used a variety of exchange rate dates from bid acceptance date to actual purchase dates for materials, which was a far more complicated approach. Never had a review comment either way. Maybe others have?

Jaida Anderson-Lozano

Enivronmental Engineer

Skanska Sverige AB

LEEDuser Basic Member

17 thumbs up

Fri, 06/27/2014 - 10:40

Our projects use Swedish krona when documenting cost for materials credits etc. As long as you keep the currency consistent through out your project documentation you should have no problem. Remember to keep the LEED cost in the preliminary form with the same currency as well. Besides the materials credits are looking at precentages it shouldn't really matter what currency you have it in. I recommend to write a note in the preliminary forms so the reviewer is informed.