The Company
Excalibur Systems builds products for the Aerospace industry. Their software and hardware helps design, test, and simulate avionics. Precise, high-stakes work trusted across the industry.
The company has offices on both sides of the Atlantic. Sales run in the United States, in dollars. Their Israeli office covers day-to-day operations, staff costs, and vendor payments. That means converting dollar earnings into shekels on a regular basis, roughly every two months, at volumes of hundreds of thousands of dollars per transfer.
For years, they did it through the bank.
The Problem with the Bank
The frustration was clear, even if the cost was not.
Transfers were slower than they should be. The rates felt off. But the bank does not show you the spread it applies before presenting a rate, so there was no easy way to know exactly what each conversion was costing.
When asked if they had a clear picture of what the bank was actually charging, the answer was simple: "Probably not."
That is the nature of bank-based currency conversion. The fee is not a line item. It is hidden inside the rate itself, invisible until you have something to compare it against.
Why Adesco
The conversation started with a direct outreach from Jeff Balsam, Adesco's founder. The premise was simple: at hundreds of thousands of dollars per conversion, a better exchange rate adds up fast.
Adesco offers 3–5 agurot per shekel better than standard bank rates. On a single transfer at that volume, the difference is meaningful. Across a full year of regular conversions, it becomes substantial.
One conversation. One rate comparison. The decision followed.
The Experience
"When I call, you answer. I can hold. I can change. I can watch. I have someone to talk to."
Three things stood out from the first conversion: the savings, the service, and the speed.
The savings were real and visible. Where the bank had offered a rate with no context, Adesco provided a market-based rate with full transparency. No hidden fees. No surprises after the fact.
The service was a different category. A transfer of hundreds of thousands of dollars is not a ticket in a queue. At Adesco, it is an event that gets personal attention. The team can hold a rate, make changes, and reach a person directly. The bank's wire desk does not work that way.
The speed matched. Same-day processing replaced the bank's 3–7 business day timeline.
"This is speedy fast and so much easier to handle."
The Result
When asked to estimate total savings since switching, Excalibur's team named hundreds of thousands of shekels.
That is not a rounding error. That is the cumulative effect of a better rate on every conversion, run after run, on significant volumes.
"That is another salary of an employee, another expense, or another benefit we can give our employees."
Ready to stop overpaying?
Start with a rate comparison. The number will tell you everything.