Economy

Shekel strengthens toward NIS 2.90 per dollar, up over 8% YTD

Published

Shekel strengthens toward NIS 2.90 per dollar, up over 8% YTD

The shekel traded around NIS 2.9030 to the dollar in late June, its strongest level since October 1993 and more than 8% stronger against the dollar since the start of 2026. The move was tied to institutional foreign-exchange sales, foreign-resident flows, global market performance and Israel's falling risk premium; the stronger shekel curbs imported inflation even as exporters warn about competitiveness.

Sources

Secondary sources:1

Related stories

  1. Bank of Israel Buys $1.027 Billion as Reserves Edge Up
  2. Bank of Israel Cuts Rate to 3.5% as Inflation Eases
  3. Bank of Israel Decision Opens With Markets Pricing Rate Cut
  4. Smotrich pledges shekel-relief package as currency hits 33-year high vs dollar
  5. May CPI falls 0.3% as annual inflation drops to 1.9%

Something went wrong

We couldn't complete that action. Check your connection and try again.