US EditionShekel nears 30-year strongest against US dollar
The shekel’s 23% rise since October 2023 is driven by dollar weakness, strong Israeli fundamentals, and improved geopolitical sentiment, Bank of Israel data shows.
4 Articles
4 Articles
Israeli shekel hurtles toward 30-year high against US dollar
The Israeli shekel is advancing toward NIS 3.07 per US dollar, a near 30-year high. This level, not reached since the 1990s, appears to be driven by improving geopolitical sentiment and a weakening US dollar on global markets.
Dollar hits more than four-year low as shekel continues to strengthen
The US dollar has fallen more than 20% against the shekel in eight months, raising the question of whether it will drop below 3 shekels and highlighting the major winners and losers from the sharp decline
A revolution is taking place in the bank account and on shopping sites: The combination of a surprising government decision and American weakness has created a reality that no one predicted: the shekel has become a safe haven currency. Before you order another pair of shoes, it's worth understanding who pays the price.
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