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Israeli new sheqel Markets

ILS Currency Update - Our review of Israeli new sheqel forecasts and news plus charts and historic rates. Check ILS Trends over various time periods.

 

The USD to ILS exchange rate has recently shown signs of volatility, influenced by a mixture of macroeconomic developments and geopolitical factors. Currently, the USD is trading at 3.2851 ILS, which is 2.0% lower than its three-month average of 3.3516. This decline reflects a stable trading range over the past few months, oscillating between 3.2621 and 3.4578.

Recent statements from Federal Reserve Chair Jerome Powell have contributed to the USD's softening, as his remarks fostered a risk-on sentiment among investors. Dovish expectations surrounding U.S. interest rates may continue to weigh on the dollar, especially if further speeches from Fed policymakers align with a consensus for potential rate cuts. Analysts suggest that upcoming inflation data from the U.S. will be closely monitored, as a rise in core prices could influence Federal Reserve decisions, thereby impacting the USD’s valuation.

In contrast, the Israeli shekel (ILS) has recently shown resilience, buoyed by the strengthening of investor sentiment and improved economic fundamentals in Israel. UBS has revised its forecasts, projecting further strengthening of the shekel against the dollar, motivated by reduced geopolitical risk premiums. The Bank of Israel’s transition to the new shekel overnight interest rate (SHIR) is also seen as a positive step toward enhancing the currency's stability and market appeal.

However, ongoing geopolitical tensions and conflicts in the region remain a concern that could potentially counteract the shekel's strength. Economists predict that these fluctuations in the ILS will closely correlate with the evolving security situation and the market's perception of future risks.

Looking ahead, market participants should keep a close watch on the interplay between the U.S. dollar's performance in response to Federal Reserve signals and the shekel's trajectory amid local geopolitical developments. This dynamic underscores the importance of strategizing for international transactions and currency conversions in the current landscape.

 

US dollar to Israeli new sheqel - USD/ILS Trend

 
USD to ILS at 3.2851 is 2.0% below its 3-month average of 3.3516, having traded in a quite stable 6.0% range from 3.2621 to 3.4578
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1 USD =
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ILS
 
14dHighs
1d−1.0%
 
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Top ILS Rates


Israeli new sheqel to US dollar
ILSUSD 90 day chart

ILS to USD at 0.3044 is 2.0% above its 3-month average of 0.2984, having traded in a quite stable 6.0% range from 0.2892 to 0.3065
ILS to USD
0.3033
14dLows
1d+1.0%

Israeli new sheqel to Euro
ILS to EUR at 0.2614 is 2.3% above its 3-month average of 0.2555, having traded in a relatively stable 6.1% range from 0.2498 to 0.2651
ILS to EUR
0.2595
1d+0.7%

Israeli new sheqel to Canadian dollar
ILS to CAD at 0.4276 is 3.6% above its 3-month average of 0.4128, having traded in a relatively stable 7.9% range from 0.3983 to 0.4298
ILS to CAD
0.4258
1d+1.0%

Israeli new sheqel to British pound
ILS to GBP at 0.2272 is 2.4% above its 3-month average of 0.2218, having traded in a relatively stable 6.3% range from 0.2167 to 0.2304
ILS to GBP
0.2256
1d+0.4%

Israeli new sheqel to Indian rupee
ILSINR 90 day chart

ILS to INR is at 14-day lows near 26.73, 2.0% above its 3-month average of 26.2, having traded in a relatively stable 7.3% range from 25.38 to 27.24
ILS to INR
26.69
14dLows
1d−0.1%

Israeli new sheqel to Japanese yen
ILS to JPY at 45.98 is 3.9% above its 3-month average of 44.25, having traded in a fairly volatile 10.0% range from 42.68 to 46.93
ILS to JPY
45.60
1d+0.5%

Israeli new sheqel to Australian dollar
ILS to AUD at 0.4677 is 2.5% above its 3-month average of 0.4561, having traded in a quite stable 5.7% range from 0.4466 to 0.4719
ILS to AUD
0.4671
1d+0.7%

Israeli new sheqel to Singapore dollar
ILS to SGD at 0.3944 is 2.7% above its 3-month average of 0.3839, having traded in a relatively stable 7.0% range from 0.3724 to 0.3984
ILS to SGD
0.3923
1d+0.8%

Israeli new sheqel to Chinese yuan
ILS to CNY at 2.1694 is 1.7% above its 3-month average of 2.1334, having traded in a quite stable 5.2% range from 2.0777 to 2.1849
ILS to CNY
2.1607
1d+0.9%