ILS Market Update
13 Jun 2026 • 01:27 GMT
The Israeli shekel has strengthened against the US dollar, reaching seven-day highs near 0.3424, which is about 2.1% above its three-month average of 0.3353. This move reflects ongoing regional stability and supportive domestic economic policies, including the surprise rate cut by the Bank of Israel in early January. The shekel's gains have been notable against other major currencies as well, such as the euro, where it’s trading around 0.2958—about 2.7% above its three-month average. The currency has experienced a volatile trading range recently, indicating active market sentiment driven by both regional and global factors. Despite the US dollar’s recent strength on expectations of Federal Reserve rate hikes, the shekel remains resilient, supported by positive regional developments and strong domestic fundamentals. It’s important to watch for any shifts in geopolitical tensions or policy changes that could affect these trends. For now, the shekel’s performance suggests confidence in Israel’s economic prospects and regional stability, keeping it at or near recent highs.
