Analysis of recent Dollar → Shekel forecasts for 2024. We collate forecasts from respected FX analysts together with the latest US dollar to Israeli new sheqel performance and trends.
Forecasts for USD to ILS
Based on recent forecasts from currency analysts and market updates, the USD to ILS exchange rate is expected to remain relatively stable in the near term. The US dollar (USD) has been strengthening on the back of reduced expectations for Federal Reserve interest rate cuts, with the US economy showing resilience and strong job growth. This has led to a delay in potential rate cuts, with markets now anticipating a reduction in June.
On the other hand, the Israeli shekel (ILS) has faced pressure due to escalating conflicts in the Middle East, leading to a significant drop in its value. The Bank of Israel has intervened in the foreign exchange market to stabilize the shekel amidst ongoing tensions. Currently, the USD to ILS exchange rate is hovering just above its 3-month average, with relatively stable trading within a range of 3.5660 to 3.7963.
Overall, the market view suggests that while the USD may continue its strength against the ILS in the short term, the upcoming events, including the Fed's interest rate decision in March and ongoing geopolitical factors affecting the Israeli shekel, could play a significant role in shaping the future direction of the USD to ILS exchange rate. Investors and businesses involved in transactions between these currencies should closely monitor these developments to make informed decisions and potentially save money on international transactions.
Multi-Vendor Quote
We can help you get an even better deal when sending a Large International Money Transfer.
Click below for the Request Quotes form and enter your transfer details (BER account required).
Exchange rates can vary significantly between different currency exchange providers, so it's important to compare
US dollar (USD) to Israeli new sheqel (ILS) rates from different sources before making a conversion.
Use our
USD to ILS calculator to see how much you could save on your international money transfers.
makes it easy to compare the Total Cost you are being charged on Dollar to Shekel currency rates and the possible savings of using various providers.
Date
USD/ILS
Change
Period
13 Mar 2024
3.6377
1.1% ▲
2 Week
28 Dec 2023
3.6270
1.4% ▲
3 Month
28 Mar 2023
3.5441
3.7% ▲
1 Year
29 Mar 2019
3.6294
1.3% ▲
5 Year
30 Mar 2014
3.4979
5.1% ▲
10 Year
01 Apr 2004
4.5008
18.3% ▼
20 Year
USD/ILS historic rates & change to 27-Mar-2024
Will the US dollar rise against the Israeli new sheqel?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add USD/ILS to your personalised Rate Tracker to track and benefit from currency movements.
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more