Shekel

The shekel has weakened in the first week of 2024. In afternoon inter-bank trading, the shekel-dollar rate is 0.09% higher at NIS 3.649/$, and the shekel-euro rate is 0.32% higher at NIS 3.996/€. Yesterday, the Bank…

Despite the war in Gaza, the threat of new fronts being opened, Israel's soaring budget deficit and a range of other economic factors that would ostensibly be expected to weaken the shekel, the Israeli currency is at a…

The shekel is again strengthening sharply. In late morning inter-bank trading, the shekel-dollar rate is 1.07% lower at NIS 3.609/$, and the shekel-euro rate is 1.04% lower at NIS 3.998/€. The dollar is trading at its…

The decision by the US Federal Reserve yesterday to keep the interest rate unchanged and to indicate that it will begin cutting the rate in 2024 has seen the US currency fall against most the world's major currencies and…

The shekel has resumed its strong gains against foreign currencies. Earlier today, the Bank of Israel set the representative shekel-dollar rate down 1.35% from Thursday, at NIS 3.728/$, and the representative shekel-euro…

The shekel is again strengthening against the dollar and the euro. In afternoon inter-bank trading, the shekel-dollar rate is 0.93% lower at NIS 3.831/$, and the shekel-euro rate is 0.61% lower at NIS 4.107/€. …

The war has made the foreign exchange market especially turbulent, even in relation to the volatility that we have become accustomed to in the past year. The shekel-dollar exchange rate closed at NIS 3.85/$ on Friday,…

On Friday morning, the shekel weakened slightly against the US dollar, as the market waited tensely for the scheduled speech by Hezbollah leader Hassan Nasrallah, and for indication whether Hezbollah would enter more…

After the shekel weakened to NIS 4.08/$ on Friday, a 6% depreciation since the start of the war, the Israeli currency has since reversed the trend and is appreciating strongly. In inter-bank trading this morning, the…

After reaching its weakest level in more than a decade, the shekel began to strengthen again against the US dollar this week. The shekel-dollar exchange rate fell below NIS 4/$, with the shekel appreciating by almost 3%.…