Economy

Shekel Gains 5.9% Against Dollar in Second Quarter

Published

Courtroom-sketch editorial illustration of Bank of Israel Governor Amir Yaron between Israeli shekel banknotes and the Bank of Israel building, with market charts in the background.

The Bank of Israel said the shekel strengthened 5.9% against the dollar and 6.6% against the euro during the second quarter of 2026. Its nominal effective exchange rate, measured against Israel’s main trading partners, rose 6.1%. Actual dollar-shekel volatility increased by 2.3 percentage points to an average 10.7%, while implied over-the-counter volatility rose 0.2 points to 9.9%. The bank estimated that nonresidents shifted to net foreign-currency sales and institutional investors increased their net sales, while businesses made significant net purchases.

Sources

Primary sources:12Secondary sources:3

Related stories

  1. Dollar Weakens 0.2% Against Shekel at Start of Fed Week
  2. Bank of Israel Says Inflation Stabilized as Risk Premium Declined
  3. Bank of Israel Buys $1.027 Billion as Reserves Edge Up
  4. Bank of Israel Cuts Rate to 3.5% as Inflation Eases
  5. Bank of Israel Decision Opens With Markets Pricing Rate Cut

Something went wrong

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